Crexendo (NASDAQ: CXDO) COO sells 80,000 shares and exercises 75,000 stock options

Rhea-AI Filing Summary

Crexendo, Inc. Chief Operating Officer Douglas Walter Gaylor reported a mix of stock sales and option exercises in the company’s common shares. He sold a total of 80,000 shares in open-market transactions at prices around $10 per share. At the same time, he exercised 75,000 stock options with an exercise price of $6.26 per share, converting options into common stock before selling part of the resulting holdings.

Insider Trade Summary

Net Seller: 80,000 shares ($801,558)

Net Sell 7 txns

Insider Gaylor Douglas Walter

Role Chief Operating Officer

Sold 80,000 shs ($802K)

Type	Security	Shares	Price	Value
Exercise	Stock Options	55,000	$6.26	$344K
Exercise	Stock Options	20,000	$6.26	$125K
Exercise	Common Stock	55,000	$6.26	$344K
Sale	Common Stock	55,000	$10.0001	$550K
Exercise	Common Stock	20,000	$6.26	$125K
Sale	Common Stock	20,000	$9.9901	$200K
Sale	Common Stock	5,000	$10.35	$52K

Holdings After Transaction: Stock Options — 20,000 shares (Direct, null); Common Stock — 282,816 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 80,000 shares Options exercised: 75,000 shares Sale price (block 1): $10.35 per share +4 more

7 metrics

Shares sold 80,000 shares Total open-market sales of Crexendo common stock

Options exercised 75,000 shares Stock options converted into Crexendo common stock

Sale price (block 1) $10.35 per share Open-market sale of 5,000 shares

Sale price (block 2) $9.9901 per share Open-market sale of 20,000 shares

Sale price (block 3) $10.0001 per share Open-market sale of 55,000 shares

Option exercise price $6.26 per share Exercise price for 75,000 stock options

Net share direction -80,000 shares NetBuySellShares from transaction summary (net-sell)

Key Terms

open-market sale, derivative exercise/conversion, Stock Options, Common Stock, +2 more

6 terms

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

derivative exercise/conversion financial

"transaction_action: "derivative exercise/conversion""

Stock Options financial

"security_title: "Stock Options""

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

transaction code "S" financial

"transaction_code: "S" for sales"

transaction code "M" financial

"transaction_code: "M" for option exercises"

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Form 4 Insider Transactions: What Each Field Means →

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^*

Gaylor Douglas Walter

(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 Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/29/2026		M		55,000	A	$6.26	282,816	D
Common Stock	05/29/2026		S		55,000	D	$10.0001	227,816	D
Common Stock	06/01/2026		M		20,000	A	$6.26	247,816	D
Common Stock	06/01/2026		S		20,000	D	$9.9901	227,816	D
Common Stock	06/02/2026		S		5,000	D	$10.35	222,816	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
Stock Options	$6.26	05/29/2026		M			55,000	11/21/2020	10/21/2027	Common Stock	55,000	$6.26	20,000	D
Stock Options	$6.26	06/01/2026		M			20,000	11/21/2020	10/21/2027	Common Stock	20,000	$6.26	0	D

Explanation of Responses:

	/s/ Douglas Walter Gaylor	06/02/2026
	** 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)

FAQ

What insider transactions did Crexendo (CXDO) report for COO Douglas Walter Gaylor?

Crexendo reported that COO Douglas Walter Gaylor both sold common stock and exercised stock options. The Form 4 shows open-market sales totaling 80,000 shares and option exercises for 75,000 shares, reflecting a combination of liquidity-taking and conversion of derivative awards into common stock.

How many Crexendo (CXDO) shares did the COO sell in this Form 4 filing?

The COO sold a total of 80,000 shares of Crexendo common stock. These sales occurred through several open-market transactions, with blocks of 5,000, 20,000, and 55,000 shares, as disclosed in the Form 4 insider trading report filed for Crexendo, Inc.

At what prices did the Crexendo (CXDO) COO sell his shares?

The reported sales occurred at prices around $10 per share. Specific transaction prices disclosed were $10.35, $9.9901, and $10.0001 per Crexendo common share, indicating sales executed near the same general price level across the different open-market transactions.

What stock options did the Crexendo (CXDO) COO exercise in this filing?

The COO exercised stock options covering 75,000 shares of Crexendo common stock. These options had an exercise price of $6.26 per share, and the transactions are classified as derivative exercises or conversions, turning option awards into common shares as reported in the Form 4.

Does the Crexendo (CXDO) Form 4 show remaining stock options after the COO’s exercises?

The filing shows option exercises of 75,000 shares and indicates no remaining position for one option lot and 20,000 shares remaining for another. The derivative summary section is otherwise empty, suggesting the disclosed exercises significantly reduced the reported option holdings.

What is the net share impact of the Crexendo (CXDO) COO’s transactions?

Across all reported transactions, the Form 4 shows a net sale of 80,000 shares. While 75,000 shares were acquired through stock option exercises, total open-market sales reached 80,000 shares, resulting in a disclosed net-sell direction in the transaction summary for Crexendo’s COO.