CXDO Form 4: COO Douglas Gaylor Disposes 10,000 Shares Under 10b5-1 Plan

Rhea-AI Filing Summary

Douglas Walter Gaylor, identified as the company's Chief Operating Officer, reported a sale of 10,000 shares of Crexendo, Inc. (CXDO) on 09/11/2025 at a price of $6.7601 per share. After this transaction Mr. Gaylor beneficially owned 238,531 shares as a direct owner. The filing states the sale was made under a Rule 10b5-1(c) trading plan established on 12/11/2024, and that at the time the plan was entered he was not aware of material nonpublic information.

Insights

Financial Analyst

TL;DR: Routine insider sale under a 10b5-1 plan; maintains material ownership post-sale.

The sale of 10,000 shares at $6.7601 appears executed under a pre-established Rule 10b5-1(c) plan, which typically reduces timing risk and signaling concern for investors. Reporting shows direct beneficial ownership of 238,531 shares following the disposition, indicating continued alignment of the officer with shareholder outcomes. The size of the sale relative to total holdings is modest and the filing does not disclose any other transactions or material developments.

Corporate Governance Expert

TL;DR: Documentation follows compliance norms; disclosure includes 10b5-1 attestation.

The Form 4 contains the required attestation that the sale was made pursuant to a 10b5-1(c) plan entered on 12/11/2024 and asserts absence of material nonpublic information at plan inception. The submission is signed and dated, meeting procedural filing standards. No additional governance issues, departures, or related-party transactions are reported in this filing.

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).

X

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^*

Gaylor Douglas Walter

(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 Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2025

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	09/11/2025		S(1)		10,000	D	$6.7601	238,531	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

Explanation of Responses:

1. This sale was made pursuant to a plan intended to comply with Rule 10b5-1(c), previously entered into on December 11, 2024, at which time Mr. Gaylor was not aware of material nonpublic information.

	/s/Douglas Walter Gaylor	09/11/2025
	** 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).
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.

FAQ

What transaction did the Crexendo (CXDO) insider report on the Form 4?

The filing reports a sale of 10,000 shares on 09/11/2025 at $6.7601 per share by Douglas Walter Gaylor.

Who is the reporting person in the CXDO Form 4 filing?

The reporting person is Douglas Walter Gaylor, identified as the company's Chief Operating Officer.

How many shares did the insider own after the reported transaction?

After the reported sale the insider beneficially owned 238,531 shares as a direct owner.

Was the sale made under a 10b5-1 trading plan?

Yes. The filing states the sale was made pursuant to a Rule 10b5-1(c) plan entered on 12/11/2024.

Did the reporting person assert knowledge of material nonpublic information when the plan was entered?

The filing states that at the time the 10b5-1 plan was entered on 12/11/2024, Mr. Gaylor was not aware of material nonpublic information.