Planned share sale: Crexendo (NASDAQ: CXDO) CRO sells 10,000
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Crexendo, Inc. Chief Revenue Officer Jon Brinton reported an open-market sale of 10,000 shares of the company’s Common Stock at $9.14 per share. After this transaction, he directly holds 114,795 shares.
The sale was executed under a pre-arranged trading plan intended to comply with Rule 10b5-1(c), which was previously adopted while he was not aware of material nonpublic information. This indicates the sale followed a scheduled plan rather than a discretionary one.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,000 shares ($91,400)
Net Sell
1 txn
Insider
Brinton Jon
Role
Chief Revenue Officer
Sold
10,000 shs ($91K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,000 | $9.14 | $91K |
Holdings After Transaction:
Common Stock — 114,795 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 10,000 shares
Sale price: $9.14 per share
Shares held after sale: 114,795 shares
3 metrics
Shares sold
10,000 shares
Open-market sale of Common Stock
Sale price
$9.14 per share
Price received in the reported transaction
Shares held after sale
114,795 shares
Direct holdings following the transaction
Key Terms
Rule 10b5-1(c), open-market sale, Common Stock
3 terms
Rule 10b5-1(c) regulatory
"a plan intended to comply with Rule 10b5-1(c), previously entered into"
Rule 10b5-1(c) is an SEC guideline that lets company insiders set up a written, pre-planned schedule to buy or sell their company stock when they are not in possession of material, nonpublic information. For investors, it matters because such plans can reduce the appearance of insider trading by separating decisions from inside knowledge—like putting your trades on autopilot—while also requiring scrutiny since pre-planned trades can still affect market confidence and share value.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Crexendo (CXDO) report for Jon Brinton?
Crexendo’s Chief Revenue Officer, Jon Brinton, reported selling 10,000 shares of Common Stock in an open-market transaction at $9.14 per share. The Form 4/A shows this was a routine insider trade disclosed to comply with SEC reporting requirements.
What does the Form 4/A filing reveal about Crexendo (CXDO) insider activity?
The Form 4/A shows a single insider transaction: Jon Brinton sold 10,000 shares of Common Stock at $9.14 per share. It also confirms he still directly owns 114,795 shares and that the sale occurred under a pre-arranged Rule 10b5-1 trading plan.