Crexendo (CXDO) CFO logs RSU vesting and share withholding for taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Crexendo, Inc. Chief Financial Officer Vincent Ron reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. RSUs converted into a total of 832 shares of common stock through several derivative exercises at a stated price of $0.00 per share.

To cover payroll taxes upon vesting, the company withheld 229 shares of common stock, including 77 shares at $6.19 and 76-share blocks at $6.82, as noted in the footnotes. These tax-withholding dispositions are not open-market sales by the executive. Following the transactions, Ron directly holds 180,473 shares of Crexendo common stock, with additional RSUs scheduled to vest in equal monthly installments over 36 months under multiple grant schedules.

Insider Trade Summary

832 shares exercised/converted

Mixed 9 txns

Insider Vincent Ron

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	278	$0.00	--
Exercise	Restricted Stock Units	277	$0.00	--
Exercise	Restricted Stock Units	277	$0.00	--
Exercise	Common Stock	278	$0.00	--
Tax Withholding	Common Stock	77	$6.19	$476.63
Exercise	Common Stock	277	$0.00	--
Tax Withholding	Common Stock	76	$6.82	$518.32
Exercise	Common Stock	277	$0.00	--
Tax Withholding	Common Stock	76	$6.82	$518.32

Holdings After Transaction: Restricted Stock Units — 9,445 shares (Direct, null); Common Stock — 180,550 shares (Direct, null)

Footnotes (1)

Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment. The Company withheld 77 shares of common stock for payment of the associated payroll taxes, using the closing stock price on April 4, 2026 of $6.19. This transaction does not represent a sale by the reporting person. The Company withheld 76 shares of common stock for payment of the associated payroll taxes, using the closing stock price on April 25, 2026 of $6.82. This transaction does not represent a sale by the reporting person. The RSUs will vest in equal monthly installments over 36 months starting on March 4, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting. The RSUs will 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. The RSUs will 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.

Key Figures

RSU exercises: 832 shares Tax-withholding shares: 229 shares Tax withholding at $6.19: 77 shares at $6.19 +3 more

6 metrics

RSU exercises 832 shares Total common stock from derivative exercises

Tax-withholding shares 229 shares Shares withheld to cover payroll taxes on vesting

Tax withholding at $6.19 77 shares at $6.19 Common stock withheld for taxes using $6.19 closing price

Tax withholding at $6.82 76 shares at $6.82 Common stock withheld for taxes using $6.82 closing price

Post-transaction holdings 180,473 shares Crexendo common stock held directly after transactions

Remaining RSUs (example) 8,057 RSUs Restricted Stock Units remaining after one reported derivative transaction

Key Terms

Restricted Stock Units, RSU, tax-withholding disposition, derivative exercise/conversion, +1 more

5 terms

Restricted Stock Units financial

"The RSUs will vest in equal monthly installments over 36 months"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

RSU financial

"Each RSU represents the right to receive, upon vesting, one share"

Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.

tax-withholding disposition financial

"Payment of exercise price or tax liability by delivering securities"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

derivative exercise/conversion financial

"Exercise or conversion of derivative security"

payroll taxes financial

"withheld 77 shares of common stock for payment of the associated payroll taxes"

Form 4 Insider Transactions: What Each Field Means →

04/28/2026 - 08:59 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

ARIZONA

85288

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/04/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/04/2026		M		278	A	$0⁽¹⁾	180,550	D
Common Stock	04/04/2026		F⁽²⁾		77	D	$6.19	180,473	D
Common Stock	04/25/2026		M		277	A	$0⁽¹⁾	180,750	D
Common Stock	04/25/2026		F⁽³⁾		76	D	$6.82	180,674	D
Common Stock	04/25/2026		M		277	A	$0⁽¹⁾	180,951	D
Common Stock	04/25/2026		F⁽³⁾		76	D	$6.82	180,875	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0⁽¹⁾	04/04/2026		M			278	⁽⁴⁾	⁽⁴⁾	Common Stock	278	$0	9,445	D
Restricted Stock Units	$0⁽¹⁾	04/25/2026		M			277	⁽⁵⁾	⁽⁵⁾	Common Stock	277	$0	6,113	D
Restricted Stock Units	$0⁽¹⁾	04/25/2026		M			277	04/25/2026⁽⁶⁾	04/04/2026⁽⁶⁾	Common Stock	277	$0	8,057	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 April 4, 2026 of $6.19. This transaction does not represent a sale by the reporting person.

3. The Company withheld 76 shares of common stock for payment of the associated payroll taxes, using the closing stock price on April 25, 2026 of $6.82. This transaction does not represent a sale by the reporting person.

4. The RSUs will vest in equal monthly installments over 36 months starting on March 4, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

5. The RSUs will 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.

6. The RSUs will 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	04/28/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Crexendo (CXDO) CFO Vincent Ron report in this Form 4?

Crexendo CFO Vincent Ron reported RSU vesting and related tax withholding transactions. RSUs converted into common stock, and some shares were withheld by the company to cover payroll taxes, a standard non-market event for equity compensation.

How many Crexendo (CXDO) shares were acquired through RSU exercises?

The filing shows 832 shares of Crexendo common stock were acquired through derivative exercises of restricted stock units. These exercises reflect RSUs converting into common shares as they vest under existing compensation agreements, rather than open-market purchases.

How many Crexendo (CXDO) shares were withheld for taxes in this filing?

A total of 229 Crexendo common shares were withheld to pay payroll taxes tied to RSU vesting. This includes 77 shares valued at $6.19 and 76-share blocks at $6.82, and is characterized as tax-withholding, not a discretionary stock sale.

What is Vincent Ron’s Crexendo (CXDO) shareholding after these transactions?

After the reported transactions, Vincent Ron directly holds 180,473 shares of Crexendo common stock. This reflects his post-transaction position in the issuer’s stock, excluding additional unvested restricted stock units that remain scheduled to vest over time.

How do the Crexendo (CXDO) RSU awards for the CFO vest over time?

The RSUs vest in equal monthly installments over 36 months under several grants. Vesting schedules begin on dates such as March 4, 2026, March 25, 2025, and October 25, 2025, with shares delivered upon vesting, contingent on continuous employment with Crexendo.

Do the Crexendo (CXDO) Form 4 transactions represent open-market sales by the CFO?

The filing states the tax-related dispositions do not represent sales by the reporting person. Shares were withheld by the company to satisfy payroll tax obligations arising from RSU vesting, a common administrative mechanism rather than a market-driven stock sale.