Wang David Tzat-kin 4

What Happened
David Tzat-kin Wang, Chief Technology Officer of Crexendo, Inc. (CXDO), sold a total of 50,000 shares in two open-market transactions. He sold 25,000 shares on 2026-06-12 at $7.39 per share ($184,750) and another 25,000 shares on 2026-06-15 at $7.49 per share ($187,250), for combined proceeds of $372,000. These were outright sales (transaction code S), which are often routine and do not necessarily indicate a change in outlook.

Key Details

• Transaction dates and prices:
  • 2026-06-12: 25,000 shares @ $7.39 — $184,750
  • 2026-06-15: 25,000 shares @ $7.49 — $187,250
• Total shares sold: 50,000; total proceeds: $372,000.
• Shares owned after the transactions: Not specified in the provided filing details.
• Filing date: Form 4 filed 2026-06-16; the report was filed within the SEC’s two-business-day window (timely).
• Notable footnotes: None noted in the supplied information (no 10b5-1, tax withholding, or gift code indicated).

Context
These were open-market sales by an executive (S = Sale). Sales can be for many reasons (diversification, cash needs, planned selling) and do not alone signal company fundamentals. For retail investors, purchases or increases in insider ownership are typically more informative about insider conviction than routine sales.