Crexendo CTO reports initial equity holdings
Crexendo, Inc. Chief Technology Officer Christopher Ryan Aaker reports his initial beneficial ownership of company equity.
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Form Type
3
Rhea-AI Filing Summary
Crexendo, Inc. Chief Technology Officer Christopher Ryan Aaker reports his initial beneficial ownership of company equity. Holdings include stock options to purchase 10,000 common shares at $2.7200 expiring 2032-10-24 and 20,000 shares at $1.8800 expiring 2033-03-14, several restricted stock unit grants tied to multi-year quarterly vesting schedules, and 8,666 shares of common stock held directly.
Insider Trade Summary
Holdings reported, no transactions
Holdings
Insider
Aaker Christopher Ryan
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | Stock Options (right to buy) F1 | -- | -- | -- |
| Holding | Stock Options (right to buy) F2 | -- | -- | -- |
| Holding | Restricted Stock Units F3 | -- | -- | -- |
| Holding | Restricted Stock Units F4 | -- | -- | -- |
| Holding | Restricted Stock Units F5 | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings:
Stock Options (right to buy) — 30,000 contracts (Direct);
Restricted Stock Units — 42,501 contracts (Direct);
Common Stock — 8,666 shares (Direct)
Footnotes (5)
- F1. The stock options vested over 36 equal monthly installments that began on 11/24/2022.
- F2. The stock options vested over 36 equal monthly installments that began on 4/14/2023.
- F3. The RSUs have been vesting equally in quarterly installments over 12 quarters that started on June 5, 2024 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
- F4. The RSUs have been vesting equally in quarterly installments over 12 quarters that started on June 4, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
- F5. The RSUs have been vesting equally in quarterly installments over 12 quarters that started on June 4, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting
Key Figures
Stock options underlying shares (grant 1): 10000.0000 shares
Stock options underlying shares (grant 2): 20000.0000 shares
RSU grant underlying shares 1: 5000.0000 shares
+5 more
8 metrics
Stock options underlying shares (grant 1)
10000.0000 shares
Right to buy common stock at $2.7200, expiring 2032-10-24
Stock options underlying shares (grant 2)
20000.0000 shares
Right to buy common stock at $1.8800, expiring 2033-03-14
RSU grant underlying shares 1
5000.0000 shares
RSUs vest quarterly over 12 quarters starting June 5, 2024
RSU grant underlying shares 2
14584.0000 shares
RSUs vest quarterly over 12 quarters starting June 4, 2025
RSU grant underlying shares 3
22917.0000 shares
RSUs vest quarterly over 12 quarters starting June 4, 2026
Direct common stock holdings
8666.0000 shares
Common stock held directly following the reported holdings snapshot
Option vesting structure
36 equal monthly installments
Each stock option grant vests over 36 equal monthly installments
RSU vesting structure
12 quarterly installments
Each RSU grant vests equally over 12 quarters, subject to continuous employment
Key Terms
Stock Options (right to buy), Restricted Stock Units, vesting, exercise price
4 terms
Stock Options (right to buy) financial
"security_title: Stock Options (right to buy)"
Restricted Stock Units financial
"The RSUs have been vesting equally in quarterly installments"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting financial
"The stock options vested over 36 equal monthly installments"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
exercise price financial
"exercisePrice: 2.7200 and 1.8800 for stock options"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity holdings does Crexendo (CXDO) CTO Christopher Ryan Aaker report on this Form 3?
Christopher Ryan Aaker reports direct ownership of 8,666 common shares, stock options over 30,000 underlying shares, and multiple restricted stock unit (RSU) awards that will settle in common stock as they vest over time.
What stock options in Crexendo (CXDO) does CTO Christopher Ryan Aaker hold?
He holds stock options over 10,000 shares at $2.7200 expiring 2032-10-24 and 20,000 shares at $1.8800 expiring 2033-03-14, each giving the right to buy Crexendo common stock at the stated exercise price.
What restricted stock units in Crexendo (CXDO) are reported by CTO Christopher Ryan Aaker?
He reports RSU awards covering 5,000, 14,584, and 22,917 underlying common shares. These RSUs vest in equal quarterly installments over 12 quarters for each grant, with shares delivered upon vesting, subject to continuous employment.
How do Christopher Ryan Aaker’s Crexendo (CXDO) stock options vest according to the filing?
Footnotes state his stock options vest over 36 equal monthly installments. One grant began vesting on 11/24/2022 and the other on 4/14/2023, continuing monthly until fully vested, assuming ongoing employment with the company.
What are the vesting schedules for the Crexendo (CXDO) RSUs held by CTO Christopher Ryan Aaker?
Each RSU grant vests in 12 equal quarterly installments. The grants start vesting on June 5, 2024, June 4, 2025, and June 4, 2026, respectively, with shares delivered upon vesting, conditioned on continuous employment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
