Vincent Ron, chief financial officer of CXDO, has filed 104 Form 4 transactions, all in a single company. The pattern is one-sided. His total sell value is $2,447,495.76, and his total buy value is zero. He has not acquired shares through open-market purchases, and his recent activity shows no buys and no discretionary sells. The filings are dominated by automatic events: option exercises (code M) and shares withheld to cover taxes (code F).
The recent trades, spanning June through September 2026, cluster around option exercise dates. On September 5, 2026, Ron exercised options with a zero dollar value, and had $10,607.65 in shares withheld for taxes. Similar pairs appear on September 4, with three separate exercises and withholdings of $14,844.70, $709.18, and $12,729.18. August 27 shows a $3,023.82 withholding, and August 25 shows $744.58. The pattern repeats in July and June, with withholdings of $881.46, $3,259.32, $781.16, $899.16, and $3,405.33. Every transaction is either an exercise or a tax withholding. There are no open-market sales in this window, and no purchases at any point in the filing history.
The data shows a CFO who is not a net buyer of his own company’s stock. He has sold over $2.4 million worth of CXDO shares, and his recent activity is purely mechanical. The option exercises generate no cash, and the withholdings are automatic deductions to cover tax obligations. Ron’s filings do not indicate a directional bet on the stock. They show a compensation structure that pays in options, with a consistent pattern of exercise and immediate share retention to cover taxes.
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