Form 4: Crexendo Inc. Executive David Wang Reports Stock Transactions
SEC Form 4 Filing
David Wang, Chief Technology Officer of Crexendo Inc., reports the vesting of restricted stock units and subsequent withholding of shares for tax obligations.
Summary
- On September 5, 2024, David Wang, the Chief Technology Officer of Crexendo Inc. (CXDO), had 2,917 restricted stock units (RSUs) vest.
- The company withheld 1,041 shares of common stock at a price of $4.62 per share to cover payroll taxes associated with the vesting of the RSUs.
- Following these transactions, Wang directly owns 441,203 shares of Crexendo Inc.
- Wang also holds 29,167 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 06/05/2024 | Starting date for quarterly vesting of RSUs. |
| 09/05/2024 | Date of RSU vesting and tax withholding. |
| 09/09/2024 | Date of Form 4 filing. |
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