Crexendo (CXDO) Insider Notice: 8,200 Share Sale Scheduled on NASDAQ
Rhea-AI Filing Summary
Crexendo, Inc. (CXDO) Form 144 notifies of a proposed sale of 8,200 common shares by the reporting person, with an aggregate market value listed as $53,201. The shares were acquired by vesting of RSUs on 12/12/2021 and the intended sale is scheduled for 08/07/2025 on NASDAQ through Muriel Siebert & Co., Inc.
The filer also reported three recent sales in July 2025: 2,800 shares on 07/02/2025 for $18,211, 3,000 shares on 07/03/2025 for $19,436, and 1,000 shares on 07/07/2025 for $6,466. The person signing the notice represents no undisclosed material adverse information about the issuer.
Positive
- Shares to be sold were acquired via RSU vesting, indicating the transaction is monetization of compensation rather than a purchase-based liquidation
- Broker and planned sale date are disclosed, providing execution transparency (Muriel Siebert & Co.; 08/07/2025)
Negative
- Recent insider sales in July 2025 totaled 6,800 shares for aggregate gross proceeds of $44,113, which may be viewed negatively by some investors
- Form does not indicate a 10b5-1 trading plan adoption date, so sales may not be pursuant to a pre-established plan (no plan date disclosed)
Insights
TL;DR: Insiders plan modest sales of vested RSUs totaling 8,200 shares; recent July disposals indicate partial monetization, not necessarily material to company valuation.
The filing shows the 8,200 shares to be sold were originally acquired via RSU vesting on 12/12/2021 and are to be sold through a broker on NASDAQ. Recent July 2025 dispositions totaling 6,800 shares generated roughly $44,113 in gross proceeds. Relative to the reported outstanding share count of 30,169,531, the volumes disclosed are immaterial on a percentage basis, suggesting limited direct impact on share supply or valuation. The filing provides no new operational or financial data about the company.
TL;DR: Notice appears procedurally complete: acquisition, payment type, past sales and broker are disclosed; signer affirms absence of undisclosed material information.
The form documents acquisition method (equity compensation via RSU vesting), broker details, planned sale date, and recent sales in the past three months, aligning with Rule 144 disclosure elements. There is an explicit signer representation regarding material adverse information, and no indications of incomplete mandatory fields within the provided content. The filing does not include additional attestations such as an adopted 10b5-1 plan date.