Crexendo CFO Form 4 details RSU vesting and tax withholdings

Rhea-AI Filing Summary

Crexendo, Inc. (CXDO) Chief Financial Officer reported routine equity compensation activity involving restricted stock units (RSUs). On November 25, 2025, 278 shares of common stock were delivered upon vesting of RSUs, and the company withheld 77 shares at a price of $6.96 per share to cover payroll taxes. A second block of 278 shares was delivered the same day from another RSU grant, with 76 shares withheld at $6.96 for taxes. The reporting person held 166,212 shares of common stock directly after these transactions, along with 7,501 and 9,445 RSUs that continue to vest in equal monthly installments over 36 months starting on March 25, 2025 and October 25, 2025, respectively, subject to continued employment.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Vincent Ron

(Last) (First) (Middle)

1225 W WASHINGTON ST

STE 213

(Street)

TEMPE AZ 85288

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Crexendo, Inc. [ CXDO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/25/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/25/2025		M		278	A	$0(1)	166,087	D
Common Stock	11/25/2025		F(2)		77	D	$6.96	166,010	D
Common Stock	11/25/2025		M		278	A	$0(1)	166,288	D
Common Stock	11/25/2025		F(4)		76	D	$6.96	166,212	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(1)	11/25/2025		M			278	(3)	(3)	Common Stock	278	$0	7,501	D
Restricted Stock Units	$0(1)	11/25/2025		M			278	(5)	(5)	Common Stock	278	$0	9,445	D

Explanation of Responses:

1. Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.

2. The Company withheld 77 shares of common stock for payment of the associated payroll taxes, using the closing stock price on November 25, 2025 of $6.96. This transaction does not represent a sale by the reporting person.

3. The RSUs vest in equal monthly installments over 36 months starting on March 25, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

4. The Company withheld 76 shares of common stock for payment of the associated payroll taxes, using the closing stock price on November 25, 2025 of $6.96. This transaction does not represent a sale by the reporting person.

5. The RSUs vest in equal monthly installments over 36 months starting on October 25, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

	/s/Ron Vincent	11/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did Crexendo (CXDO) disclose in this Form 4 filing?

The filing reports routine equity compensation activity for the Chief Financial Officer of Crexendo, Inc. (CXDO), including RSU vesting, share issuances, and shares withheld to cover payroll taxes on November 25, 2025.

How many Crexendo (CXDO) shares did the CFO hold after the reported transactions?

After the reported transactions on November 25, 2025, the CFO beneficially owned 166,212 shares of Crexendo common stock directly.

What RSU grants are described in the Crexendo (CXDO) Form 4?

The filing shows two RSU awards, each converting 278 RSUs into common stock. One grant vests monthly over 36 months starting March 25, 2025, and the other vests monthly over 36 months starting October 25, 2025, subject to continuous employment.

Why were some Crexendo (CXDO) shares withheld in this Form 4?

The company withheld 77 shares and 76 shares of common stock at a closing price of $6.96 on November 25, 2025 to pay associated payroll taxes related to RSU vesting. These withholdings are stated as not representing sales by the reporting person.

How many RSUs does the Crexendo (CXDO) CFO still hold after these transactions?

Following the reported activity, the CFO beneficially owned 7,501 RSUs from one grant and 9,445 RSUs from another grant, each representing the right to receive one share of CXDO common stock upon vesting, contingent on continued employment.

What is the relationship of the reporting person to Crexendo (CXDO)?

The reporting person is an officer of Crexendo, Inc., serving as Chief Financial Officer, and filed the Form 4 as a single reporting person.