Crexendo Inc SEC Filings

Rule 144 notice from Crexendo, Inc. (CXDO) reporting a proposed sale of 3,200 common shares to occur on 08/07/2025 through Muriel Siebert & Co., Inc. The shares were acquired on 03/17/2022 as vested restricted stock units and are being sold under equity compensation payment terms. The filing lists 30,169,531 shares outstanding and an aggregate market value of $20,829.00 for the 3,200 shares. The notice also discloses three prior common share sales by Jeffrey G. Korn in July 2025 totaling 6,800 shares for gross proceeds of $44,113.00. The filer certifies no undisclosed material adverse information.

Crexendo, Inc. posted an investor presentation to its investor website and attached that presentation as Exhibit 99.1 to this Current Report on Form 8-K. The filing expressly states the information is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, is not subject to the liabilities of that section, is not subject to the requirements of amended Item 10 of Regulation S-K, and is not incorporated by reference into other filings. The report identifies the exhibit and is signed on the company’s behalf by Chief Financial Officer Ronald Vincent. No financial statements, earnings data, or major transactions are included.

Vincent Ron, Chief Financial Officer of Crexendo, Inc. (CXDO), reported multiple equity transactions dated 08/07/2025. The Form 4 shows a sale of 8,200 shares executed pursuant to a pre-existing Rule 10b5-1 trading plan entered on December 9, 2024, with the filer stating he was not aware of material nonpublic information when the plan was adopted. The filing also records net exercises of stock options: the reporting person received 7,732 shares on a net exercise of an 18,050-share option and 2,866 shares on a net exercise of a 4,860-share option, with the company withholding 10,318 and 1,994 shares, respectively, to cover exercise price and payroll taxes using a closing price of $6.63.

The reported option exercise price is $2.72, and the options vest over 36 equal monthly installments beginning 11/24/2022. The Form lists multiple beneficial ownership figures following the transactions (examples shown on the form include 172,747 through 190,797 shares, depending on line item). The net-exercise entries are noted as not representing sales by the reporting person.

Jeffery G. Korn, Chief Executive Officer of Crexendo, Inc. (CXDO), sold 3,200 shares of the company’s common stock on 08/07/2025 at a reported price of $6.509 per share. After the sale he beneficially owned 241,996 shares. The Form 4 shows the sale was executed under a written plan intended to qualify for the Rule 10b5-1(c) affirmative defense; that plan was entered on December 9, 2024, and the form states Mr. Korn was not aware of material nonpublic information at that time.

The filing discloses only a non-derivative sale and the remaining beneficial ownership level; no options, warrants, or other derivative transactions are reported on this Form 4.

Crexendo (CXDO) filed a Form 4 reporting CFO Ron Vincent’s 25 Jul 2025 equity transactions. Vincent converted 278 restricted stock units (code “M”) into an equal number of common shares at $0 cost. To satisfy payroll taxes, the company automatically withheld 77 shares at the 25 Jun 2025 closing price of $5.89 (code “F”).

Net result: Vincent’s direct ownership increased by 201 shares to 180,948 shares. He also retains 8,612 unvested RSUs that vest monthly through Mar 2028, contingent on continued employment. No open-market sales occurred, and the transaction is routine compensation-related.

The small size and tax-withholding nature make the filing immaterial to float or near-term valuation, but the incremental share accumulation marginally reinforces insider alignment.

Crexendo (CXDO) Form 4 – Insider activity

COO Douglas W. Gaylor reported the 25 Jul 2025 vesting of 278 restricted stock units, converting them into an equal number of common shares at a $0 exercise price. To cover payroll taxes, the company withheld 77 shares at the closing price of $5.89, so the executive’s direct stake rose by a net 201 shares.

Following the transaction Gaylor now directly owns 237,671 common shares and still holds 8,612 unvested RSUs that vest monthly through March 2028. The trade, worth roughly $1.6 k gross, was not an open-market sale; the “F” code reflects tax withholding. Dollar value and share count are immaterial relative to Crexendo’s float, suggesting a neutral market impact while maintaining management-equity alignment.

Crexendo, Inc. (CXDO) – Form 4 insider filing

CEO Jeffrey G. Korn converted 278 previously granted RSUs into common shares on 07/25/2025 (Code M, $0 exercise price). To cover payroll taxes, the company withheld 68 shares at $5.89 per share (Code F), resulting in a net addition of 210 shares to Korn’s direct holdings. Post-transaction, he directly owns 245,196 common shares and retains 8,612 unvested RSUs. The RSUs vest monthly over 36 months beginning 03/25/2025, contingent on continued employment.

The activity reflects routine equity-award vesting and tax withholding, not an open-market trade. Given the small size relative to CXDO’s share count and Korn’s existing stake, the filing is unlikely to influence market perception or the company’s share float.