MIHAYLO STEVEN G 4

What Happened
Steven G. Mihaylo, a director of Crexendo, sold 25,000 shares on May 8, 2026. The shares were disposed at $9.17 per share, for total gross proceeds of $229,250. The Form 4 filed May 12, 2026 reports the transaction as an "open market or private sale" (transaction code S).

Key Details

• Transaction date: May 8, 2026
• Filing date: May 12, 2026 (appears to be within the Form 4 filing window)
• Shares sold: 25,000
• Price per share: $9.17
• Total proceeds: $229,250
• Transaction type/code: Sale (S) — reported as "Open market or private sale"
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnotes/plan: No 10b5-1 plan, tax withholding, or other footnotes disclosed in the provided details

Context
This is a straightforward insider sale. Sales by officers or directors can be for many personal reasons and do not by themselves prove a change in outlook on the company. For investors, a single mid-sized sale (~$229k) is notable but not necessarily informative alone — look for patterns of multiple insider trades or other material company news before drawing conclusions. If you want, I can retrieve the full Form 4 to confirm post-transaction holdings or check for other recent insider activity at Crexendo.