Crexendo CFO awarded RSUs totaling 9,167; tax-withholdings executed at $6.49/$6.59

Rhea-AI Filing Summary

Vincent Ron, Chief Financial Officer of Crexendo, Inc. (CXDO), reported restricted stock unit (RSU) awards and related withholdings. The filing shows 5,000 RSUs granted on 09/04/2025 and 4,167 RSUs granted on 09/05/2025; each RSU converts to one share upon vesting. The company withheld 1,368 shares on 09/04/2025 and 1,140 shares on 09/05/2025 to cover payroll taxes at closing prices of $6.49 and $6.59, respectively. Following the reported transactions, Mr. Ron beneficially owned 191,345 shares (after the 09/05 awards) and held 50,000 and 25,000 underlying shares attributable to the two RSU grant pools, which vest quarterly over 12 quarters subject to continued employment.

Positive

• Total of 9,167 RSUs granted to the CFO across two grant dates, indicating continued executive compensation alignment with shareholder interests
• Clear vesting schedule: RSUs vest in equal quarterly installments over 12 quarters, providing transparent time-based retention incentives

Negative

• 1,368 and 1,140 shares withheld for payroll taxes on the respective grant dates, reducing the reporting person’s immediate share count
• Future issuance of up to 50,000 and 25,000 shares tied to the two RSU pools will increase shares outstanding as RSUs vest

Insights

Financial Analyst

TL;DR: Routine executive equity compensation with scheduled vesting and tax-withholding, modest incremental insider ownership.

The Form 4 discloses time-based RSU awards to the CFO totaling 9,167 RSUs across two grant dates with defined quarterly vesting over 12 quarters. Withholdings of 1,368 and 1,140 shares were executed to satisfy payroll taxes at market prices of $6.49 and $6.59. The transactions are compensation-related rather than open-market purchases or sales, and the reported beneficial ownership totals (ending at 191,345 shares) reflect these movements. For investors, this signals standard equity-based pay and scheduled future share issuance upon vesting.

Corporate Governance Expert

TL;DR: Compensation-driven equity grants with clear vesting terms; disclosures appear complete and standard for an officer.

The filing specifies that each RSU vests in equal quarterly installments over 12 quarters contingent on continuous employment and that shares will be delivered upon vesting. The Form 4 also documents tax-withholding via share withholding rather than cash, using closing prices on the stated dates. These are routine governance disclosures showing alignment of executive pay with service-based vesting schedules; no departures, derivative exercises, or sales beyond withholding are reported.

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)
09/04/2025

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	09/04/2025		M		5,000	A	$0(1)	188,546	D
Common Stock	09/04/2025		F(2)		1,368	D	$6.49	187,178	D
Common Stock	09/05/2025		M		4,167	A	$0(1)	191,345	D
Common Stock	09/05/2025		F(4)		1,140	D	$6.59	190,205	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)	09/04/2025		M			5,000	(3)	(3)	Common Stock	5,000	$0	50,000	D
Restricted Stock Units	$0(1)	09/05/2025		M			4,167	(5)	(5)	Common Stock	4,167	$0	25,000	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 1,368 shares of common stock for payment of the associated payroll taxes, using the closing stock price on September 4, 2025 of $6.49. This transaction does not represent a sale by the reporting person.

3. The RSUs will vest in equal quarterly installments over 12 quarters starting on June 4, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

4. The Company withheld 1,140 shares of common stock for payment of the associated payroll taxes, using the closing stock price on September 5, 2025 of $6.59. This transaction does not represent a sale by the reporting person.

5. The RSUs vest in equal quarterly installments over 12 quarters starting on June 5, 2024 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

	/s/Ron Vincent	09/08/2025
	** Signature of Reporting Person	Date
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FAQ

What transactions did CXDO CFO Ron Vincent report on Form 4?

The filing reports awards of 5,000 RSUs (09/04/2025) and 4,167 RSUs (09/05/2025), plus share withholding of 1,368 and 1,140 shares to pay payroll taxes.

How do the RSUs awarded to the CXDO CFO vest?

Each RSU converts to one share upon vesting and vests in equal quarterly installments over 12 quarters, subject to continued employment.

How many shares did Ron Vincent beneficially own after the reported transactions?

Following the reported transactions, the filing shows Mr. Vincent beneficially owned 191,345 shares.

At what prices were shares withheld for taxes in the CXDO Form 4?

The company withheld shares using the closing prices of $6.49 on 09/04/2025 and $6.59 on 09/05/2025 to satisfy payroll tax obligations.

Do the reported transactions represent open-market sales by the reporting person?

No; the filing states the withheld-share transactions do not represent sales by the reporting person and were executed to cover payroll taxes.