Brinton Jon 4/A
Research Summary
AI-generated summary
Crexendo (CXDO) CRO Jon Brinton Sells 10,000 Shares
What Happened
- Jon Brinton, Chief Revenue Officer of Crexendo, Inc. (CXDO), sold 10,000 shares in an open-market transaction on May 6, 2026. The shares were sold at $9.14 per share for gross proceeds of approximately $91,400. This transaction is a sale (not a purchase or exercise).
Key Details
- Transaction date and price: May 6, 2026 — 10,000 shares sold at $9.14 each.
- Transaction type/code: Open-market sale (S).
- Shares owned after transaction: Not specified in the provided filing summary.
- Footnote: Sale executed under a Rule 10b5-1 trading plan established March 8, 2024; at plan entry Mr. Brinton stated he was not aware of material nonpublic information (per F1).
- Filing status: This is an AMENDED Form 4. The amendment corrects the previously reported amount sold — original Form 4 (filed 5/7/2026) incorrectly reported 114,795 shares sold; the correct amount is 10,000.
Context
- Sales under 10b5-1 plans are prearranged and often routine; they do not necessarily indicate a change in an insider’s view of the company. This report is factual — it shows a disposal of shares, not an acquisition.