McKee Chris 4
4 · Crexendo, Inc. · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Crexendo (CXDO) Director Chris McKee Receives 10,000-Share Award
What Happened Chris McKee, a director of Crexendo, Inc. (CXDO), was granted a derivative equity award covering 10,000 shares on 2026-03-04. The award is reported at $6.47 per share for a notional value of $64,700. The filing classifies the transaction as a grant/award (derivative instrument), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-04; Filing date: 2026-03-06 (appears timely under Form 4 rules).
- Instrument: Derivative award described as stock options in the filing footnote. Reported price per share: $6.47; total attributable value: $64,700.
- Vesting: The options vest in 36 equal monthly installments beginning 4/4/2026 (Footnote F1).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- No indication of an immediate sale or cashless exercise in this filing.
Context This was a compensation grant (stock option award) rather than an open-market purchase or sale. Such awards typically vest over time to align an insider’s incentives with company performance and do not represent an immediate change in market holdings until options vest and are exercised. The filing does not state any immediate disposition of shares.
Insider Transaction Report
- Award
Stock Options
[F1]2026-03-04$6.47/sh+10,000$64,700→ 10,000 totalExercise: $6.47Exp: 2036-03-04→ Common Stock (10,000 underlying)
Footnotes (1)
- [F1]The stock options vest over 36 equal monthly installments beginning on 4/4/2026.