Brinton Jon 4
Research Summary
AI-generated summary
Crexendo (CXDO) CRO Jon Brinton Sells 114,795 Shares
What Happened
Jon Brinton, Chief Revenue Officer of Crexendo, sold 114,795 shares of CXDO on May 6, 2026, at $9.14 per share, generating proceeds of approximately $1,049,226. The filing reports this as a sale (code S) and indicates the transaction was made pursuant to a pre-established Rule 10b5-1 trading plan.
Key Details
- Transaction date: 2026-05-06; Filing date: 2026-05-07 (filed promptly the next day).
- Price and proceeds: 114,795 shares at $9.14 each; total ≈ $1,049,226.
- Shares owned after transaction: not stated in the information provided.
- Footnote: Sale executed under a Rule 10b5-1(c) plan adopted March 8, 2024; at plan entry Mr. Brinton stated he was not aware of material nonpublic information.
- Transaction type: Sale (S), reported as open-market or private sale in the filing.
Context
Insider sales are common and can be routine (e.g., diversification, pre-set plans, tax events); they are not by themselves definitive signals about company performance. A Rule 10b5-1 plan indicates the sale was pre-planned and intended to avoid trading on material nonpublic information. Purchases generally carry more weight for signaling than sales.