Puri Anil K. 4

What Happened
Anil K. Puri, a director of Crexendo, was granted derivative securities covering 10,000 shares on 2026-03-04. The filing reports a per-share price of $6.47, equating to $64,700. This was an equity compensation award (grant), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-04; Form 4 filed: 2026-03-06.
• Transaction type: A (grant/award) — derivative securities (stock-option style award reported).
• Quantity and terms: 10,000 shares; reported price/strike $6.47; reported total $64,700.
• Shares owned after transaction: Not disclosed in this filing.
• Footnote: F1 — the options vest in 36 equal monthly installments beginning 4/4/2026.
• Timeliness: Filed 3/6/2026 for a 3/4/2026 transaction — appears to be filed within the typical two-business-day window.

Context
This is a compensation grant that vests over three years; the director does not receive tradable shares until options vest and are exercised (which would require paying the strike price of $6.47 per share). Such awards are routine for executives/directors and reflect compensation, not an immediate market purchase or sale.