STOCK TITAN

Director Mihaylo sells 1,656,317 Crexendo (NASDAQ: CXDO) shares

Filing Impact
(Very High)
Filing Sentiment
(Very Negative)
Form Type
4

Rhea-AI Filing Summary

Crexendo, Inc. director and ten percent owner Steven G. Mihaylo reported open-market sales of a combined 1,656,317 shares of Common Stock. The shares were sold at prices of $10.1808 and $10.4637 per share. Following these transactions, he continues to directly own 10,057,738 Crexendo shares, according to the filing.

Positive

  • None.

Negative

  • None.

Insights

Large but still partial open-market sale by a major Crexendo holder.

Director and ten percent owner Steven G. Mihaylo executed two open-market sales totaling 1,656,317 shares of Crexendo Common Stock at prices around $10.18–$10.46 per share. These are active disposition decisions rather than automatic tax or grant events.

After the sales, he still directly holds 10,057,738 shares as reported, indicating he retains a substantial equity position. The filing does not reference derivative positions or trading plans in the provided excerpt, so the transactions appear as straightforward sales without additional structural context.

Insider MIHAYLO STEVEN G
Role null
Sold 1,656,317 shs ($17.19M)
Type Security Shares Price Value
Sale Common Stock 1,141,965 $10.4637 $11.95M
Sale Common Stock 514,352 $10.1808 $5.24M
Holdings After Transaction: Common Stock — 10,057,738 shares (Direct, null)
Footnotes (1)
Total shares sold 1,656,317 shares Aggregate open-market sales reported in Form 4
Sale price 1 $10.1808 per share Price for 514,352-share open-market sale
Sale price 2 $10.4637 per share Price for 1,141,965-share open-market sale
Shares after transactions 10,057,738 shares Direct Crexendo holdings following reported sales
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.
ten percent owner financial
"is_ten_percent_owner": 1"
non-derivative financial
"transaction_type": "non-derivative""
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
MIHAYLO STEVEN G

(Last)(First)(Middle)
1225 W WASHINGTON ST
STE 213

(Street)
TEMPE ARIZONA 85288

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Crexendo, Inc. [ CXDO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/01/2026S1,141,965D$10.463710,057,738D
Common Stock06/02/2026S514,352D$10.18089,543,386D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
/s/Steven G Mihaylo06/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

How many Crexendo (CXDO) shares did Steven G. Mihaylo sell in this Form 4?

Steven G. Mihaylo reported selling a combined 1,656,317 shares of Crexendo Common Stock. The Form 4 shows two open-market sale transactions that together reach this total, reflecting a sizable but partial reduction in his direct holdings.

At what prices were the Crexendo (CXDO) shares sold in Steven G. Mihaylo’s Form 4?

The reported sales occurred at average prices of $10.1808 and $10.4637 per share. These figures come from two separate open-market sale entries, each specifying its own transaction price for Crexendo Common Stock.

How many Crexendo (CXDO) shares does Steven G. Mihaylo own after the reported sales?

After the reported transactions, Steven G. Mihaylo directly owns 10,057,738 shares of Crexendo Common Stock. This post-transaction holding shows he remains a very large shareholder despite the recent open-market sales.

What type of transactions are reported in this Crexendo (CXDO) Form 4 for Steven G. Mihaylo?

The Form 4 reports non-derivative, open-market sales of Crexendo Common Stock, coded as “S.” These are direct sales of common shares, not option exercises, tax withholdings, gifts, or derivative-related transactions.

Is Steven G. Mihaylo considered an insider or major shareholder of Crexendo (CXDO) in this filing?

Yes. The Form 4 identifies Steven G. Mihaylo as both a director and a ten percent owner of Crexendo. That status means his transactions must be reported, providing transparency into trading by a significant company insider.