Form 4: Steven Mihaylo Sells 1.65M Shares of Crexendo

Director and 10% owner Steven G. Mihaylo sold approximately 1.65 million shares of Crexendo, Inc. (CXDO) over two days in June 2026.

Summary

• Steven G. Mihaylo, a Director and 10% owner of Crexendo, Inc., executed the sale of 1,656,317 shares of common stock.
• The transactions occurred on June 1, 2026, and June 2, 2026.
• 1,141,965 shares were sold at an average price of $10.4637 on June 1.
• 514,352 shares were sold at an average price of $10.1808 on June 2.
• Following these transactions, Mihaylo retains beneficial ownership of 9,543,386 shares.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a neutral-to-negative event, as large-scale insider selling by a major stakeholder typically creates uncertainty regarding the stock's immediate price trajectory.

Positives

• The reporting person maintains a significant remaining stake of 9,543,386 shares, indicating continued alignment with the company's long-term interests.

Negatives

• Significant insider selling by a major shareholder and director can signal a lack of confidence in near-term stock performance or a desire to reduce exposure.

Risks

• Large-scale liquidation of shares by a major insider may exert downward pressure on the company's stock price.
• Market perception of insider selling may negatively impact investor sentiment.

Future Outlook

No specific forward-looking guidance regarding company operations was provided in this filing.

Industry Context

StockSavvy.ai notes that significant insider selling by a founder or major shareholder often triggers market volatility and requires careful monitoring of the company's subsequent quarterly performance to determine if the sale was for personal liquidity or a shift in outlook.

Comparison to Industry Standards

• Insider sales of this magnitude are common for long-term holders seeking liquidity but are often viewed with caution by retail investors compared to open-market purchases.

Stakeholder Impact

• Shareholders may experience increased price volatility due to the significant volume of shares sold into the market.

Next Steps

• Monitor future SEC filings for additional changes in beneficial ownership by major shareholders.

Key Dates

Recommendation

While the sale is significant, the director retains a substantial position. Investors should hold and wait for further clarity on the company's operational performance before adjusting positions based solely on this insider activity.

Keywords

Crexendo, CXDO, Insider Trading, Form 4, Steven Mihaylo, Stock Sale