Form 4: Crexendo Inc. Executive Douglas Walter Gaylor Reports Stock Option Exercise and Share Withholding
SEC Form 4 Filing
Crexendo's Chief Operating Officer, Douglas Walter Gaylor, exercised stock options and had shares withheld for payment of the exercise price and associated taxes.
Summary
- On February 29, 2024, Douglas Walter Gaylor, the Chief Operating Officer of Crexendo, Inc., exercised non-qualified stock options to purchase 17,500 shares of common stock at a price of $1.56 per share.
- Gaylor received 8,473 shares of common stock after a 'net exercise' of the options.
- The company withheld 9,027 shares to cover the exercise price and associated taxes, using a closing stock price of $5.55 on February 29, 2024.
- Following the transaction, Gaylor directly owns 213,030 shares of Crexendo common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an executive's stock option exercise, which is neutral in sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock option exercises, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 03/07/2017 | Date the Non-Qualified Stock Options became exercisable |
| 03/07/2024 | Expiration date of the Non-Qualified Stock Options |
| 02/29/2024 | Date of stock option exercise and share withholding |
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