Crexendo, Inc. (CXDO) director nets 6,696 shares after option exercise

Rhea-AI Filing Summary

Crexendo, Inc. director Anil K. Puri net exercised stock options for 10,000 shares of common stock on January 12, 2026. The options had an exercise price of $2.25 per share and were fully exercised, leaving no options remaining.

On net exercise, he received 6,696 shares of common stock, while 3,304 shares were withheld by the company to pay the exercise price using the closing stock price of $6.81 on January 12, 2026. This withholding is explicitly stated as not representing a sale by the reporting person. Following these transactions, Puri directly owned 56,514 shares of Crexendo common stock.

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

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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^*

Puri Anil K.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/12/2026

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	01/12/2026		M		10,000	A	$2.25	59,818	D
Common Stock	01/12/2026		F(1)		3,304	D	$6.81	56,514	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
Non-qualified Stock Options	$2.25	01/12/2026		M			10,000	03/12/2019	02/12/2026	Common Stock	10,000	$2.25	0	D

Explanation of Responses:

1. Represents a "net exercise" of outstanding stock options. The reporting person received 6,696 shares of common stock on net exercise of option to purchase 10,000 shares of common stock. The Company withheld 3,304 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on January 12, 2026 of $6.81, This transaction does not represent a sale by the reporting person.

	/s/ Anil Puri	01/14/2026
	** 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.
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FAQ

What insider transaction did Crexendo (CXDO) disclose for Anil K. Puri?

The company disclosed that director Anil K. Puri net exercised 10,000 non-qualified stock options for Crexendo common stock on January 12, 2026 at an exercise price of $2.25 per share.

How many Crexendo (CXDO) shares did Anil K. Puri receive from the option exercise?

On the net exercise of options to purchase 10,000 shares, Anil K. Puri received 6,696 shares of Crexendo common stock, with the remaining shares withheld to cover the exercise price.

Were any Crexendo (CXDO) shares sold by Anil K. Puri in this Form 4?

No. A footnote explains that the company withheld 3,304 shares to pay the exercise price using the $6.81 closing stock price on January 12, 2026, and that this transaction does not represent a sale by the reporting person.

How many Crexendo (CXDO) shares does Anil K. Puri own after this transaction?

After the reported transactions, Anil K. Puri directly owned 56,514 shares of Crexendo common stock.

What does a net exercise of stock options mean in Anil K. Puri’s Crexendo filing?

In this case, net exercise means Puri exercised options for 10,000 shares, received 6,696 shares, and 3,304 shares were withheld by the company to pay the $2.25 per-share exercise price using the $6.81 closing stock price.

What derivative security was involved in the Crexendo (CXDO) Form 4 for Anil K. Puri?

The derivative security was non-qualified stock options for 10,000 shares of Crexendo common stock, with an exercise price of $2.25 per share and an expiration date of February 12, 2026.