Two insiders at Crexendo, Inc. (CXDO) reported selling shares totaling approximately $17.18 million in early June 2026. Steven G. Mihaylo, identified as an "Other" insider, was involved in the majority of these transactions.
Mr. Mihaylo sold a total of 1,656,317 shares across multiple trades. On June 1, 2026, he sold 1,141,965 shares at an average price of $10.46 per share, amounting to $11.94 million. This was followed by another sale of 514,352 shares on June 2, 2026, at $10.18 per share, totaling $5.24 million.
While insider selling can be attributed to various personal financial strategies, such as diversification or tax planning, significant and clustered sales by multiple insiders can sometimes attract market attention. Other reported sales around the same period include transactions by Douglas Walter Gaylor and Ron Vincent.