Crexendo (NASDAQ: CXDO) CRO sells 5,000 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crexendo, Inc. Chief Revenue Officer Jon Brinton reported an open-market sale of 5,000 shares of Common Stock at $9.85 per share. After this transaction, he directly owns 99,795 shares. The sale was executed under a pre-arranged Rule 10b5-1(c) trading plan entered on March 8, 2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,000 shares ($49,250)
Net Sell
1 txn
Insider
Brinton Jon
Role
Chief Revenue Officer
Sold
5,000 shs ($49K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,000 | $9.85 | $49K |
Holdings After Transaction:
Common Stock — 99,795 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 5,000 shares
Sale price: $9.85 per share
Shares owned after sale: 99,795 shares
+1 more
4 metrics
Shares sold
5,000 shares
Open-market sale of Common Stock
Sale price
$9.85 per share
Execution price for the reported sale
Shares owned after sale
99,795 shares
Direct holdings following transaction
Trading plan date
March 8, 2024
Date Rule 10b5-1(c) plan was entered
Key Terms
Rule 10b5-1(c), open-market sale, Common Stock, Form 4
4 terms
Rule 10b5-1(c) regulatory
"a plan intended to comply with Rule 10b5-1(c), previously entered into on March 8, 2024"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Crexendo (CXDO) report in this Form 4?
Crexendo reported that Chief Revenue Officer Jon Brinton executed an open-market sale of Common Stock. He sold 5,000 shares and reported the transaction as a routine Form 4 filing with the SEC, reflecting a change in his directly held share position.
Was the Crexendo (CXDO) insider transaction an open-market sale?
Yes. The Form 4 classifies the transaction as an open-market sale of Crexendo Common Stock. The sale used transaction code "S," which represents a sale in the open market or a private transaction, and was reported as a non-derivative stock transaction.
What is the Rule 10b5-1(c) plan mentioned in the Crexendo (CXDO) filing?
The filing states the sale was made under a plan intended to comply with Rule 10b5-1(c). This indicates a pre-arranged trading plan that was entered on March 8, 2024, when Brinton was not aware of material nonpublic information.
Does the Form 4 indicate any derivative positions for Crexendo (CXDO) insider Jon Brinton?
No derivative positions are listed for Jon Brinton in this Form 4. The derivativeSummary section is empty, and the reported activity relates only to non-derivative Common Stock, simplifying the view of his current reported equity exposure.