<2>Form 4 Crexendo: Unpacking the Details
<3>Introduction
Crexendo, a leading provider of cloud-based business phone systems, recently filed a Form 4 with the Securities and Exchange Commission (SEC). This filing provides valuable insights into the company’s insider trading activities and executive compensation. In this article, we will delve into the details of the Form 4 and analyze its implications for the company and its stakeholders.
<3>The Form 4 Filing
On 13 March, Crexendo filed a Form 4 with the SEC, which disclosed the following information:
– < href='https://bloomberg.com' target='_blank'>Executive Compensation: The filing revealed that Crexendo’s CEO, Eric Brunngraber, exercised 10,000 stock options with a strike price of $0.23 per share. The options were exercised on 10 March, and the resulting shares were sold on the same day for $0.34 per share, resulting in a profit of $1,100.
– < href='https://reuters.com' target='_blank'>Insider Trading: The filing also disclosed that Crexendo’s CFO, Mark M. Pastore, purchased 5,000 shares of the company