Crexendo (CXDO) CRO sells 10,000 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crexendo, Inc. Chief Revenue Officer Jon Brinton sold 10,000 shares of common stock in an open-market transaction at $9.65 per share. After the sale, he directly owned 104,795 shares. The transaction was executed under a pre-arranged Rule 10b5-1(c) trading plan entered on March 8, 2024, when he was not aware of material nonpublic information.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,000 shares ($96,500)
Net Sell
1 txn
Insider
Brinton Jon
Role
Chief Revenue Officer
Sold
10,000 shs ($97K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,000 | $9.65 | $97K |
Holdings After Transaction:
Common Stock — 104,795 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 10,000 shares
Sale price per share: $9.65 per share
Shares held after transaction: 104,795 shares
+1 more
4 metrics
Shares sold
10,000 shares
Open-market sale of common stock
Sale price per share
$9.65 per share
Price for reported sale transaction
Shares held after transaction
104,795 shares
Direct ownership following sale
Net shares sold
10,000 shares
Net-sell direction in transaction summary
Key Terms
Rule 10b5-1(c), open-market sale, transaction code "S"
3 terms
Rule 10b5-1(c) regulatory
"This sale was made pursuant to 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.
transaction code "S" regulatory
"transaction_code_description: "Sale in open market or private transaction""
FAQ
What insider transaction did Crexendo (CXDO) report for Jon Brinton?
Crexendo reported that Chief Revenue Officer Jon Brinton sold 10,000 shares of common stock. The sale was an open-market transaction at $9.65 per share, and it was conducted under a pre-arranged Rule 10b5-1(c) trading plan.
Was the Crexendo (CXDO) insider sale by Jon Brinton under a Rule 10b5-1 plan?
Yes. The filing states the sale was made under a plan intended to comply with Rule 10b5-1(c). The plan was entered on March 8, 2024, when Jon Brinton was not aware of material nonpublic information, indicating a pre-scheduled trading arrangement.
What type of insider transaction did Crexendo (CXDO) disclose for Jon Brinton?
Crexendo disclosed an open-market sale of common stock by Chief Revenue Officer Jon Brinton. The Form 4 identifies the transaction code as “S,” indicating a sale in the open market or a private transaction, for 10,000 shares at $9.65 per share.
Does the Crexendo (CXDO) Form 4 indicate net buying or selling by Jon Brinton?
The Form 4 shows net selling activity by Jon Brinton, with 10,000 shares sold and no reported purchases. The transaction summary characterizes this as a net-sell direction, while he continues to hold 104,795 shares of common stock afterward.