Form 4: Crexendo Inc. Executive David Tzat-kin Wang Reports Stock Transactions

David Tzat-kin Wang, Chief Technology Officer of Crexendo Inc., reports acquisition and disposal of common stock and restricted stock units.

Summary

• On March 5, 2025, David Tzat-kin Wang, the Chief Technology Officer of Crexendo, Inc. (CXDO), acquired 2,916 shares of common stock upon vesting of restricted stock units (RSUs) at a price of $0.
• Also on March 5, 2025, 1,198 shares were withheld by the company for payment of payroll taxes related to the vesting of RSUs, with the stock price at $7.16.
• Wang also acquired 25,000 restricted stock units on March 4, 2025.
• Following these transactions, Wang directly owns 444,797 shares of Crexendo common stock and 23,334 restricted stock units.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard insider transaction report.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect insider activity, which is closely monitored for insights into management's perspective on the company's value.
• Employees holding RSUs are impacted positively as their RSUs vest over time, contingent on continued employment.

Key Dates