Crexendo COO exercises RSUs; shares withheld for tax
Crexendo, Inc. Chief Operating Officer Douglas Walter Gaylor reported compensation-related equity activity involving restricted stock units (RSUs) and associated tax withholding.
Rhea-AI Filing Summary
Crexendo, Inc. Chief Operating Officer Douglas Walter Gaylor reported compensation-related equity activity involving restricted stock units (RSUs) and associated tax withholding. He exercised RSUs to acquire a total of 15,277 shares of common stock and did not conduct any open‑market purchases or sales.
The company withheld 4,179 shares of common stock to cover payroll taxes, using closing prices of $8.93 on June 4, 2026 and $7.57 on June 5, 2026; footnotes clarify these are not sales by the executive. Following these transactions, Gaylor directly holds 226,448 shares of Crexendo common stock and continues to hold RSUs that vest over multi‑year schedules tied to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
15,277 shares exercised/converted
Exercise
12 txns
Insider
Gaylor Douglas Walter
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 277 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 5,833 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 4,167 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,368 | $8.93 | $12K |
| Exercise | Common Stock | 277 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 77 | $8.93 | $687.61 |
| Exercise | Common Stock | 5,833 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,594 | $8.93 | $14K |
| Exercise | Common Stock | 4,167 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,140 | $7.57 | $9K |
Holdings After Transaction:
Restricted Stock Units — 120,557 contracts (Direct);
Common Stock — 233,914 shares (Direct)
Footnotes (9)
- F1. Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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.
- F9. 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 withholding shares: 4,179 shares
Closing price June 4, 2026: $8.93 per share
+5 more
8 metrics
RSU exercises
15,277 shares
Common stock acquired via RSU exercises reported in this Form 4
Tax withholding shares
4,179 shares
Common shares withheld by Crexendo to cover payroll taxes
Closing price June 4, 2026
$8.93 per share
Used to value shares withheld for payroll taxes on June 4, 2026
Closing price June 5, 2026
$7.57 per share
Used to value shares withheld for payroll taxes on June 5, 2026
Direct holdings after transactions
226,448 shares
Crexendo common stock directly held by COO after reported transactions
RSUs remaining (grant example)
64,167 RSUs
Total RSUs following one reported RSU transaction
Another RSU grant balance
35,000 RSUs
Total RSUs following a separate RSU transaction
Quarterly vesting schedule length
12 quarters
Duration of several RSU awards vesting in equal quarterly installments
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, payroll taxes, +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 security financial
"Exercise or conversion of derivative security."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
payroll taxes financial
"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."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Crexendo (CXDO) report for its COO?
Crexendo’s COO, Douglas Walter Gaylor, exercised restricted stock units to acquire 15,277 shares of common stock. The company simultaneously withheld 4,179 shares to cover payroll taxes, and he now directly holds 226,448 Crexendo common shares while retaining additional unvested RSUs.
How do the Crexendo (CXDO) COO’s restricted stock units vest over time?
The COO’s RSUs vest over multi-year schedules: some awards vest in equal quarterly installments over 12 quarters starting June 4, 2025 or June 4, 2026, another from June 5, 2024, and one vests in equal monthly installments over 36 months from March 4, 2026, contingent on continuous employment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
