MIHAYLO STEVEN G 4

What Happened

• Steven G. Mihaylo, listed as a 10% owner of Crexendo, Inc. (CXDO), sold a total of 1,656,317 shares in two open-market transactions. On 2026-06-01 he disposed of 1,141,965 shares at $10.46 each (proceeds $11,949,179). On 2026-06-02 he disposed of 514,352 shares at $10.18 each (proceeds $5,236,515). Total proceeds across both trades were $17,185,694. These were outright sales (S), which are typically routine dispositions rather than affirmative bullish purchases.

Key Details

• Transaction dates and prices:
  • 2026-06-01: Sold 1,141,965 shares @ $10.46 — $11,949,179
  • 2026-06-02: Sold 514,352 shares @ $10.18 — $5,236,515
• Total shares sold: 1,656,317; total proceeds: $17,185,694.
• Shares owned after transaction: Not specified in the information provided.
• Method: Reported as open-market/private sale (code S). No 10b5-1 plan, tax-withholding, or other footnotes were indicated in the supplied filing details.
• Filing: Form 4 filed 2026-06-03, covering transactions on Jun 1–2; no late-filing flag noted.

Context

• As a 10% owner, Mihaylo is a significant shareholder but not necessarily an executive trading based on inside operational decisions. Sales like these provide liquidity to the holder and are common; they do not by themselves indicate the company’s future prospects. Retail investors should weigh this information alongside company fundamentals and other insider activity.