Crexendo (NASDAQ: CXDO) CFO exercises RSUs as company withholds shares for taxes

Rhea-AI Filing Summary

Crexendo, Inc. Chief Financial Officer Vincent Ron reported routine equity compensation activity rather than open-market trading. On June 4 and 5, he exercised restricted stock units into a total of 15,277 shares of common stock through multiple derivative exercises. To cover payroll tax obligations tied to these vestings, the company withheld 4,179 shares at closing prices of $8.93 and $7.57, which the footnotes state do not represent sales by him. Following these transactions, he holds 129,728 shares of common stock directly and continues to hold several RSU awards that vest in equal installments over quarterly or monthly schedules, contingent on continued employment.

Insights

Equity compensation analyst

Routine RSU vesting and tax withholding with no open-market trades.

Vincent Ron, CFO of Crexendo, Inc., exercised RSUs into 15,277 common shares via multiple derivative transactions coded M. These reflect equity awards vesting, not discretionary stock purchases. Such exercises are common as long-term incentives convert into stock.

The F-coded entries show 4,179 shares withheld by the company to pay associated payroll taxes at closing prices of $8.93 and $7.57. Footnotes explicitly clarify these are not sales by the reporting person, so they carry little informational value about his view of the stock.

After the transactions, Ron directly owns 129,728 common shares and several RSU grants that vest over 12 quarters or 36 months starting on June 4, 2024, June 4, 2025, June 4, 2026, and March 4, 2026. From an investor perspective, this filing primarily updates his equity-based compensation position rather than signaling a change in commitment or sentiment.

Insider Trade Summary

15,277 shares exercised/converted

Mixed 12 txns

Insider Vincent Ron

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	4,167	$0.00	--
Exercise	Common Stock	4,167	$0.00	--
Tax Withholding	Common Stock	1,140	$7.57	$9K
Exercise	Restricted Stock Units	5,000	$0.00	--
Exercise	Restricted Stock Units	277	$0.00	--
Exercise	Restricted Stock Units	5,833	$0.00	--
Exercise	Common Stock	5,000	$0.00	--
Tax Withholding	Common Stock	1,368	$8.93	$12K
Exercise	Common Stock	277	$0.00	--
Tax Withholding	Common Stock	77	$8.93	$687.61
Exercise	Common Stock	5,833	$0.00	--
Tax Withholding	Common Stock	1,594	$8.93	$14K

Holdings After Transaction: Restricted Stock Units — 12,500 shares (Direct, null); Common Stock — 129,728 shares (Direct, null)

Footnotes (1)

1. Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment. The Company withheld 1368 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 4, 2026 of $8.93. This transaction does not represent a sale by the reporting person. The Company withheld 77 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 4, 2026 of $8.93. This transaction does not represent a sale by the reporting person. The Company withheld 1594 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 4, 2026 of $8.93. This transaction does not represent a sale by the reporting person. The Company withheld 1140 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 5, 2026 of $7.57. This transaction does not represent a sale by the reporting person. The RSUs 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. The RSUs vest in equal quarterly installments over 12 quarters starting on June 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 4, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting. 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.

Key Figures

RSU exercises: 15,277 shares Tax-withheld shares: 4,179 shares Holding after transactions: 129,728 shares +5 more

8 metrics

RSU exercises 15,277 shares Total derivative exercise shares reported in transactionSummary

Tax-withheld shares 4,179 shares Shares withheld to cover payroll taxes across F-code entries

Holding after transactions 129,728 shares Common stock directly owned following June 5, 2026 transactions

Withholding price June 4 $8.93 per share Closing stock price used for June 4, 2026 tax withholding

Withholding price June 5 $7.57 per share Closing stock price used for June 5, 2026 tax withholding

RSU award balance 64,167 RSUs One RSU grant total following June 4, 2026 derivative transaction

RSU quarterly vesting 12 quarters Several RSU grants vest over 12 quarters from stated start dates

RSU monthly vesting 36 months One RSU grant vests in equal monthly installments over 36 months

Key Terms

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

5 terms

Restricted Stock Units financial

"Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment."

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.

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"

vesting financial

"The RSUs 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."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

continuous employment financial

"subject to continuous employment. Shares will be delivered upon vesting."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/30/2026 - 07:39 PM Accepted by SEC EDGAR 06/30/2026 - 07:38 PM Learn about SEC filing dates

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)
06/04/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/04/2026		M		5,000	A	$0(1)	122,490	D
Common Stock	06/04/2026		F(2)		1,368	D	$8.93	121,122	D
Common Stock	06/04/2026		M		277	A	$0(1)	121,399	D
Common Stock	06/04/2026		F(3)		77	D	$8.93	121,322	D
Common Stock	06/04/2026		M		5,833	A	$0(1)	127,155	D
Common Stock	06/04/2026		F(4)		1,594	D	$8.93	125,561	D
Common Stock	06/05/2026		M		4,167	A	$0(1)	129,728	D
Common Stock	06/05/2026		F(5)		1,140	D	$7.57	128,588	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)	06/04/2026		M			5,000	(6)	(6)	Common Stock	5,000	$0	35,000	D
Restricted Stock Units	$0(1)	06/04/2026		M			277	(8)	(8)	Common Stock	277	$0	8,890	D
Restricted Stock Units	$0(1)	06/04/2026		M			5,833	(7)	(7)	Common Stock	5,833	$0	64,167	D
Restricted Stock Units	$0(1)	06/05/2026		M			4,167	(9)	(9)	Common Stock	4,167	$0	12,500	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 1368 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 4, 2026 of $8.93. This transaction does not represent a sale by the reporting person.

3. The Company withheld 77 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 4, 2026 of $8.93. This transaction does not represent a sale by the reporting person.

4. The Company withheld 1594 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 4, 2026 of $8.93. This transaction does not represent a sale by the reporting person.

5. The Company withheld 1140 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 5, 2026 of $7.57. This transaction does not represent a sale by the reporting person.

6. The RSUs 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.

7. The RSUs vest in equal quarterly installments over 12 quarters starting on June 4, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

8. 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.

9. 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	06/30/2026
	** 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) CFO Vincent Ron report?

Vincent Ron reported RSU exercises into 15,277 shares of Crexendo common stock, plus 4,179 shares withheld by the company to cover payroll taxes. Footnotes clarify these are compensation-related events, not open-market purchases or sales of CXDO shares.

Did the Crexendo (CXDO) CFO sell shares in this Form 4 filing?

The filing shows no open-market sales by the CFO. Shares labeled with code F were withheld by Crexendo to pay payroll taxes on vesting RSUs. Footnotes explicitly state these withholding transactions do not represent sales by the reporting person.

How many Crexendo (CXDO) shares does the CFO own after these transactions?

After the reported transactions, the CFO directly holds 129,728 shares of Crexendo common stock. He also continues to hold several RSU awards that will convert into additional shares over time as they vest, subject to continued employment conditions.

What prices were used for the Crexendo (CXDO) tax-withholding shares?

For tax withholding, Crexendo used closing stock prices of $8.93 on June 4, 2026 and $7.57 on June 5, 2026. At these prices, the company withheld 4,179 shares of common stock to satisfy the CFO’s associated payroll tax obligations.

How do the Crexendo (CXDO) CFO’s RSUs vest over time?

The CFO’s RSUs vest in equal installments over 12 quarters or 36 months, starting on dates such as June 4, 2024, June 4, 2025, June 4, 2026, and March 4, 2026. Vesting requires continuous employment, with shares delivered upon each vesting event.