Crexendo COO exercises options, sells 10K shares
Crexendo, Inc. Chief Operating Officer Douglas Walter Gaylor exercised stock options and sold shares of common stock.
Rhea-AI Filing Summary
Crexendo, Inc. Chief Operating Officer Douglas Walter Gaylor exercised stock options and sold shares of common stock. He exercised options for 6,000 shares of common stock at $2.72 per share and then sold 10,000 shares in an open-market transaction at $9.52 per share. After these transactions, he directly owned 227,413 shares of Crexendo common stock. The stock options referenced in the filing vest over 36 equal monthly installments beginning on 11/24/2022, indicating they are part of an ongoing equity compensation program.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Gaylor Douglas Walter
Role
Chief Operating Officer
Sold
10,000 shs ($95K)
Approx. gross sale proceeds
$95K
Approx. exercise cost
$16K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 6,000 | $2.72 | $16K |
| Sale | Common Stock | 10,000 | $9.52 | $95K |
| Exercise | Common Stock | 6,000 | $2.72 | $16K |
Holdings After Transaction:
Stock Options — 19,000 contracts (Direct);
Common Stock — 227,413 shares (Direct)
Footnotes (1)
- F1. The stock options vest over 36 equal monthly installments beginning on 11/24/2022.
Key Figures
Options exercised: 6,000 shares
Exercise price: $2.72/share
Shares sold: 10,000 shares
+3 more
6 metrics
Options exercised
6,000 shares
Stock options exercised into common stock at $2.72 per share
Exercise price
$2.72/share
Strike price for 6,000 stock options exercised
Shares sold
10,000 shares
Open-market sale of Crexendo common stock
Sale price
$9.52/share
Price for 10,000-share open-market sale
Post-transaction holdings
221,413 shares
Direct ownership of Crexendo common stock after transactions
Option vesting schedule
36 monthly installments
Options vest over 36 equal monthly installments beginning 11/24/2022
Key Terms
open-market sale, stock options, derivative exercise/conversion, non-derivative
4 terms
open-market sale financial
"Sale in open market or private transaction"
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.
stock options financial
"The stock options vest over 36 equal monthly installments"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
derivative exercise/conversion financial
"transaction_action: derivative exercise/conversion"
non-derivative financial
"transaction_type: non-derivative"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Crexendo (CXDO) report for Douglas Walter Gaylor?
Crexendo reported that Chief Operating Officer Douglas Walter Gaylor exercised options for 6,000 shares and sold 10,000 shares of common stock. These actions combine a derivative exercise with an open-market sale, typical of equity compensation and liquidity management.
What type of transactions are reported in this Crexendo (CXDO) Form 4?
The Form 4 shows a derivative exercise and an open-market sale. Gaylor exercised 6,000 stock options into common shares and then completed an open-market sale of 10,000 common shares, combining compensation-related activity with a share disposition.
How do the Crexendo (CXDO) stock options for the COO vest?
The stock options referenced in the filing vest over 36 equal monthly installments beginning on 11/24/2022. This schedule indicates gradual vesting, a common structure for executive equity awards that aligns ongoing service with incremental option availability.
AI-generated analysis. How Rhea-AI works. Not financial advice.
