Form 4: Crexendo Inc. Executive Anand Buch Reports Stock Transactions
SEC Form 4 Filing
Anand Buch, Chief Strategy Officer of Crexendo, Inc., reports the exercise of stock options and subsequent sale of shares on June 14, 2024.
Summary
- On June 14, 2024, Anand Buch, Chief Strategy Officer of Crexendo, Inc., exercised non-qualified stock options to acquire 11,950 shares of common stock at a price of $0.91 per share.
- Following the exercise, Buch sold 11,950 shares of common stock at a weighted average price of $3.0385 per share, with prices ranging from $3.02 to $3.13.
- After these transactions, Buch directly owns 548,139 shares of Crexendo, Inc. common stock and 1,056,014 derivative securities (non-qualified stock options).
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 06/01/2021 | Date exercisable for Non-Qualified Stock Options |
| 03/11/2026 | Expiration date for Non-Qualified Stock Options |
| 06/14/2024 | Date of stock option exercise and sale of shares |
| 06/17/2024 | Date of Form 4 filing |
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