MIHAYLO STEVEN G 4

What Happened
Steven G. Mihaylo, a reported 10% owner of Crexendo, Inc. (CXDO), sold 17,068 shares on 2026-05-29 in an open-market/private sale at $10.09 per share, generating approximately $172,259 in gross proceeds. This was a sale (S) transaction — sales are commonly liquidity or diversification events rather than an express vote on company prospects.

Key Details

• Transaction date: 2026-05-29
• Price per share: $10.09
• Shares sold: 17,068 — gross proceeds ≈ $172,259
• Form filed: 2026-06-02 (filed on the second business day after the trade) — appears to be timely under Form 4 rules
• Insider status: 10% owner (significant shareholder, not necessarily an executive)
• Shares owned after transaction: not specified in the provided filing details
• No footnotes reported indicating a 10b5-1 plan, option exercise, tax withholding, or gift

Context
As a 10% owner, Mihaylo’s transactions are monitored because of size and influence, but a single open-market sale like this is typically a routine liquidity event. There’s no information in the filing about option exercises, awards, or planned sales; nothing here explicitly signals a change in company fundamentals.