CXDO Crexendo, Inc.
Price Chart
Executive Summary
Director Steven G. Mihaylo filed a Form 144 notice of intent to sell up to 1,673,385 shares of Crexendo common stock, with recent sale transactions on 5/29, 6/1, and 6/2 totaling ~$17.4M at market prices. The filing signals a planned large-scale liquidation by a director, which may pressure the stock near-term.
Actionable Insight
Monitor for actual Form 4 filings confirming sales. The large volume (5%+ of float) and concentrated selling by a director over three days suggests potential near-term overhang. Watch for any subsequent 8-K or press release that might explain the selling rationale.
Key Facts
- Director Steven G. Mihaylo filed Form 144 on 6/3/2026, covering up to 1,673,385 shares.
- Recent sales executed: 17,068 shares on 5/29, 1,141,965 on 6/1, and 514,352 on 6/2 — total ~1.67M shares at market prices.
- Shares were acquired via open-market purchases dating back to 2007.
- Broker for the proposed sale is Muriel Siebert & Co., Inc.
Financial Impact
Up to 1,673,385 shares, representing ~5.2% of outstanding shares (based on ~32.4M shares outstanding). At recent prices (~$10.20), the total proposed sale value is ~$17.1M.
Risk Factors
- Insider selling of this magnitude may signal lack of confidence or personal liquidity needs.
- The stock could face selling pressure as the market absorbs the overhang.
- No stated reason for the sale; further disclosures may clarify intent.
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001654954-26-005678 |
| Document: 0001654954-26-005678-index.html | 0001654954-26-005678 |
| Document: 0001654954-26-005678.txt | 0001654954-26-005678 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 4, 2026
1d ago
|
144
| — | awaiting T+20 | — | — |
|
May 5, 2026
4w ago
|
8-K
| $9.74 $9.18 | ▼ −5.75% | ▼ −8.53% | $7.57 (−22.23%) |
|
May 5, 2026
4w ago
|
8-K
| $9.74 $9.18 | ▼ −5.75% | ▼ −8.53% | $7.57 (−22.23%) |
|
Mar 9, 2026
12w ago
|
Insider Cluster
| $6.94 $6.39 | ▲ +7.93% | ▲ +5.12% | $7.57 (−9.15%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access