Crexendo, Inc.
US ˙ NasdaqCM ˙ US2265521078

Introduction

This page provides a comprehensive analysis of the known insider trading history of Anand Buch. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

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Companies with Reported Insider Positions

The SEC filings indicate Anand Buch has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:CXDO / Crexendo, Inc. Chief Strategy Officer 563,042
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Anand Buch. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases CXDO / Crexendo, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in CXDO / Crexendo, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

CXDO / Crexendo, Inc. Insider Trades
Insider Sales CXDO / Crexendo, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in CXDO / Crexendo, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2025-05-28 CXDO Buch Anand 532,391 4.9000 532,391 4.9000 2,608,716 16 5.1400 127,775 4.90
2025-03-13 CXDO Buch Anand 254,191 5.5000 254,191 5.5000 1,398,050
2024-12-16 CXDO Buch Anand 159,999 4.9000 159,999 4.9000 783,995
2024-08-27 CXDO Buch Anand 20,501 5.0100 20,501 5.0100 102,710
2024-08-23 CXDO Buch Anand 100 5.0100 100 5.0100 501
2024-08-22 CXDO Buch Anand 28,900 5.0119 28,900 5.0119 144,844
2024-08-19 CXDO Buch Anand 1,000 5.3400 1,000 5.3400 5,340
2024-08-16 CXDO Buch Anand 7,701 5.2936 7,701 5.2936 40,766
2024-08-15 CXDO Buch Anand 29,000 4.9115 29,000 4.9115 142,434
2024-08-14 CXDO Buch Anand 20,501 4.9100 20,501 4.9100 100,660
2024-06-14 CXDO Buch Anand 11,950 3.0385 11,950 3.0385 36,310
2024-03-08 CXDO Buch Anand 32,400 5.9100 32,400 5.9100 191,484

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

CXDO / Crexendo, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Anand Buch as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2025-09-08 2025-09-05 4 CXDO Crexendo, Inc.
Common Stock 		F - Taxes -1,959 563,042 -0.35 6.59 -12,910 3,710,447
2025-09-08 2025-09-05 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 4,167 565,001 0.74
2025-09-08 2025-09-04 4 CXDO Crexendo, Inc.
Common Stock 		F - Taxes -1,218 560,834 -0.22 6.49 -7,905 3,639,813
2025-09-08 2025-09-04 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 2,083 562,052 0.37
2025-06-09 2025-06-05 4 CXDO Crexendo, Inc.
Common Stock 		F - Taxes -1,491 559,969 -0.27 5.51 -8,215 3,085,429
2025-06-09 2025-06-05 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 4,167 561,460 0.75
2025-06-05 2025-06-04 4 CXDO Crexendo, Inc.
Common Stock 		F - Taxes -746 557,293 -0.13 5.55 -4,140 3,092,976
2025-06-05 2025-06-04 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 2,083 558,039 0.37
2025-05-30 2025-05-28 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -532,391 555,956 -48.92 4.90 -2,608,716 2,724,184
2025-05-30 2025-05-28 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 532,391 1,088,347 95.76 0.91 484,476 990,396
2025-03-17 2025-03-13 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -254,191 555,956 -31.38 5.50 -1,398,050 3,057,758
2025-03-17 2025-03-13 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 254,191 810,147 45.72 0.91 231,314 737,234
2025-03-06 2025-03-05 4 CXDO Crexendo, Inc.
Common Stock 		F - Taxes -1,712 555,956 -0.31 7.16 -12,258 3,980,645
2025-03-06 2025-03-05 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 4,166 557,668 0.75
2024-12-17 2024-12-16 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -159,999 553,502 -22.42 4.90 -783,995 2,712,160
2024-12-17 2024-12-16 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 159,999 713,501 28.91 0.91 145,599 649,286
2024-12-09 2024-12-05 4 CXDO Crexendo, Inc.
Common Stock 		F - Taxes -1,487 553,502 -0.27 5.10 -7,584 2,822,860
2024-12-09 2024-12-05 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 4,167 554,989 0.76
2024-09-09 2024-09-05 4 CXDO Crexendo, Inc.
Common Stock 		F - Taxes -1,484 550,822 -0.27 4.62 -6,856 2,544,798
2024-09-09 2024-09-05 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 4,167 552,306 0.76
2024-08-29 2024-08-27 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -20,501 548,139 -3.61 5.01 -102,710 2,746,176
2024-08-29 2024-08-27 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 20,501 568,640 3.74 0.91 18,656 517,462
2024-08-27 2024-08-23 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -100 548,139 -0.02 5.01 -501 2,746,176
2024-08-27 2024-08-23 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 100 548,239 0.02 0.91 91 498,897
2024-08-26 2024-08-22 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -28,900 548,139 -5.01 5.01 -144,844 2,747,218
2024-08-26 2024-08-22 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 28,900 577,039 5.27 0.91 26,299 525,105
2024-08-21 2024-08-19 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -1,000 548,139 -0.18 5.34 -5,340 2,927,062
2024-08-21 2024-08-19 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 1,000 549,139 0.18 0.91 910 499,716
2024-08-20 2024-08-16 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -7,701 548,139 -1.39 5.29 -40,766 2,901,629
2024-08-20 2024-08-16 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 7,701 555,840 1.40 0.91 7,008 505,814
2024-08-20 2024-08-15 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -29,000 548,139 -5.02 4.91 -142,434 2,692,185
2024-08-20 2024-08-15 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 29,000 577,139 5.29 0.91 26,390 525,196
2024-08-16 2024-08-14 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -20,501 548,139 -3.61 4.91 -100,660 2,691,362
2024-08-16 2024-08-14 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 20,501 568,640 3.74 0.91 18,656 517,462
2024-06-17 2024-06-14 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -11,950 548,139 -2.13 3.04 -36,310 1,665,520
2024-06-17 2024-06-14 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 11,950 560,089 2.18 0.91 10,874 509,681
2024-06-06 2024-06-05 4 CXDO Crexendo, Inc.
Common Stock 		F - Taxes -1,429 548,139 -0.26 3.25 -4,644 1,781,452
2024-06-06 2024-06-05 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 4,166 549,568 0.76
2024-03-12 2024-03-08 4 CXDO Crexendo, Inc.
Common Stock 		S - Sale -32,400 545,402 -5.61 5.91 -191,484 3,223,326
2024-03-12 2024-03-08 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 32,400 577,802 5.94 0.91 29,484 525,800
2023-03-16 2023-03-14 4 CXDO Crexendo, Inc.
Common Stock 		F - Taxes -10,195 545,402 -1.83 1.88 -19,167 1,025,356
2023-03-16 2023-03-14 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 25,000 555,597 4.71
2021-12-20 2021-12-16 4 CXDO Crexendo, Inc.
Non-Qualified Stock Options 		M - Exercise -54,000 1,100,364 -4.68 0.91 -49,140 1,001,331
2021-12-20 2021-12-16 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 54,000 530,597 11.33 0.91 49,140 482,843
2021-12-14 2021-12-10 4 CXDO Crexendo, Inc.
Non-Qualified Stock Options 		M - Exercise -54,000 1,154,364 -4.47 0.91 -49,140 1,050,471
2021-12-14 2021-12-10 4 CXDO Crexendo, Inc.
Common Stock 		M - Exercise 54,000 476,597 12.78 0.91 49,140 433,703
2021-06-17 3 CXDO Crexendo, Inc.
Common Stock 		422,597
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)