Crexendo director granted 10,000 stock options
Crexendo, Inc. director Todd Andrew Goergen reported stock-based transactions.
Rhea-AI Filing Summary
Crexendo, Inc. director Todd Andrew Goergen reported stock-based transactions. On March 4, 2026 he received a grant of 10,000 stock options with an exercise price of $6.47 per share, expiring March 4, 2036; a footnote states these stock options vest over 36 equal monthly installments beginning April 4, 2026.
The filing also describes a prior net exercise on September 12, 2025 of options for 10,000 shares at $2.25 per share, in which he received 6,676 shares of common stock while 3,324 shares were withheld to pay the exercise price using a $6.77 stock price; the company notes this did not involve an open-market sale. After these transactions he directly holds 235,352 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,000 shares exercised/converted
Exercise
4 txns
Insider
Goergen Todd Andrew
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock options | 10,000 | $6.47 | $65K |
| Exercise | Non-qualified Stock options | 10,000 | $2.25 | $23K |
| Exercise | Common Stock | 10,000 | $2.25 | $23K |
| Exercise Price or Tax Liability | Common Stock | 3,324 | $6.77 | $23K |
Holdings After Transaction:
Non-qualified Stock options — 0 contracts (Direct);
Stock options — 10,000 contracts (Direct);
Common Stock — 235,352 shares (Direct)
Footnotes (2)
- F1. Represents a "net exercise" of outstanding stock options. The reporting person received 6,676 shares of common stock on net exercise of option to purchase 10,000 shares of common stock. The Company withheld 3,324 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on September 12, 2025 of $6.77, This transaction does not represent a sale by the reporting person.
- F2. The stock options vest over 36 equal monthly installments beginning on 4/4/2026.
Key Figures
Stock options granted: 10,000 stock options
Option exercise price: $6.47 per share
Options exercised: 10,000 options
+5 more
8 metrics
Stock options granted
10,000 stock options
Grant of stock options on March 4, 2026
Option exercise price
$6.47 per share
Exercise price of March 4, 2026 option grant
Options exercised
10,000 options
Options exercised on September 12, 2025 at $2.25
Exercise price (2019 grant)
$2.25 per share
Exercise price for 10,000 options exercised September 12, 2025
Shares received from net exercise
6,676 shares
Common shares received on September 12, 2025 net exercise
Shares withheld for exercise price
3,324 shares
Shares withheld to pay option exercise price at $6.77
Closing stock price used
$6.77 per share
Closing stock price on September 12, 2025 used for withholding
Common stock holdings
235,352 shares
Direct common stock held after reported transactions
Key Terms
net exercise, Non-qualified Stock options, tax-withholding disposition, stock options vest over 36 equal monthly installments
4 terms
net exercise financial
"Represents a "net exercise" of outstanding stock options."
A net exercise is a way to convert stock options into shares without paying cash up front: instead of handing over money to buy the optioned shares, the holder receives only the number of shares equal to the option’s value after the company withholds a portion of shares to cover the exercise price and taxes. It matters to investors because it changes how many new shares are issued, affects dilution of existing shareholders, and alters company cash flow compared with a cash exercise.
Non-qualified Stock options financial
"Non-qualified Stock options transaction dated September 12, 2025"
Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.
tax-withholding disposition financial
"transaction_action is described as a tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
stock options vest over 36 equal monthly installments financial
"The stock options vest over 36 equal monthly installments beginning on 4/4/2026."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stock option grant did Crexendo (CXDO) director Todd Goergen receive?
Todd Goergen received a grant of 10,000 stock options on March 4, 2026 with an exercise price of $6.47 per share and an expiration date of March 4, 2036. A footnote states these options vest over 36 equal monthly installments starting April 4, 2026.
How many Crexendo (CXDO) options did Todd Goergen exercise in September 2025?
On September 12, 2025, Todd Goergen exercised options for 10,000 shares of Crexendo common stock at an exercise price of $2.25 per share. This was reported as a derivative exercise transaction in the Form 4 filing.
What is Todd Goergen’s current Crexendo (CXDO) common stock holding?
After the reported transactions, Todd Goergen directly holds 235,352 shares of Crexendo common stock. This post-transaction holding figure is provided in the filing’s canonical holdings data and reflects his direct ownership position.
How do the vesting terms work for Todd Goergen’s new Crexendo (CXDO) options?
A footnote states that the stock options granted to Todd Goergen vest over 36 equal monthly installments beginning on April 4, 2026. This means the 10,000 options vest gradually each month over a three-year period, rather than all at once.
AI-generated analysis. How Rhea-AI works. Not financial advice.
