CXDO.NASDAQCrexendo, INC

Form 4: Crexendo Inc. Executive Jon Brinton Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Jon Brinton, Chief Revenue Officer of Crexendo Inc., reports the vesting of restricted stock units and subsequent withholding of shares for tax obligations.

Summary

  • On September 5, 2024, Jon Brinton, Chief Revenue Officer of Crexendo Inc. (CXDO), reported transactions involving Crexendo's common stock.
  • Brinton vested 2,917 restricted stock units (RSUs), each representing the right to receive one share of CXDO common stock upon vesting, contingent on continued employment.
  • The company withheld 769 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, Brinton directly owns 103,701 shares of Crexendo common stock.
  • Brinton also directly owns 29,167 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with 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 routine executive compensation and tax obligations.

Key Dates

DateDescription
06/05/2024RSUs vest in equal quarterly installments over 12 quarters starting on this date.
09/05/2024Date of the reported transactions: vesting of RSUs and withholding of shares for taxes.
09/09/2024Date of signature on the Form 4 filing.

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