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CXDO CEO reports RSU vesting and 230,818 shares owned on Form 4

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Crexendo, Inc. (CXDO) CEO equity update: The Chief Executive Officer reported multiple transactions on 11/25/2025 involving restricted stock units (RSUs) and related common stock. RSU awards converted into common stock in blocks of 278 shares at an exercise price of $0, reflecting vesting of previously granted RSUs. To cover payroll taxes, the company withheld 68 shares of common stock at a closing stock price of $6.96, which is stated as not representing a sale by the reporting person. Following these transactions, the CEO beneficially owned 230,818 shares of Crexendo common stock directly. The RSUs underlying these transactions vest in equal monthly installments over 36 months from March 25, 2025 and October 25, 2025, contingent on continued employment, with shares delivered upon vesting.

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Insider KORN JEFFREY G
Role Chief Executive Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 278 $0.00 --
Exercise Restricted Stock Units 278 $0.00 --
Exercise Common Stock 278 $0.00 --
Tax Withholding Common Stock 68 $6.96 $473.28
Exercise Common Stock 278 $0.00 --
Tax Withholding Common Stock 68 $6.96 $473.28
Holdings After Transaction: Restricted Stock Units — 7,501 shares (Direct); Common Stock — 230,676 shares (Direct)
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 68 shares of common stock for payment of the associated payroll taxes, using the closing stock price on November 25, 2025 of $6.96. This transaction does not represent a sale by the reporting person. The RSUs vest in equal monthly installments over 36 months starting on March 25, 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 monthly installments over 36 months starting on October 25, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
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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*
KORN JEFFREY G
(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 Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
11/25/2025
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 11/25/2025 M 278 A $0(1) 230,676 D
Common Stock 11/25/2025 F(2) 68 D $6.96 230,608 D
Common Stock 11/25/2025 M 278 A $0(1) 230,886 D
Common Stock 11/25/2025 F(2) 68 D $6.96 230,818 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) 11/25/2025 M 278 (3) (3) Common Stock 278 $0 7,501 D
Restricted Stock Units $0(1) 11/25/2025 M 278 (4) (4) Common Stock 278 $0 9,445 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 68 shares of common stock for payment of the associated payroll taxes, using the closing stock price on November 25, 2025 of $6.96. This transaction does not represent a sale by the reporting person.
3. The RSUs vest in equal monthly installments over 36 months starting on March 25, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
4. The RSUs vest in equal monthly installments over 36 months starting on October 25, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
/s/ Jeffery G. Korn 11/26/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Crexendo (CXDO) report on this Form 4?

The filing reports the Chief Executive Officer’s RSU vesting on 11/25/2025, where restricted stock units converted into 278-share blocks of Crexendo common stock at an exercise price of $0, along with related tax withholding in shares.

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

After the reported transactions on 11/25/2025, the CEO beneficially owned 230,818 shares of Crexendo common stock directly, as shown in Table I of the filing.

Why were 68 shares of Crexendo (CXDO) stock withheld in this Form 4?

The company withheld 68 shares of Crexendo common stock to pay associated payroll taxes, using the closing stock price of $6.96 on November 25, 2025. The filing notes that this does not represent a sale by the reporting person.

What are the vesting terms of the Crexendo (CXDO) RSUs reported?

One RSU grant vests in equal monthly installments over 36 months starting March 25, 2025, and another over 36 months starting October 25, 2025. Each RSU delivers one share of Crexendo common stock upon vesting, subject to continuous employment.

What type of securities are involved in this Crexendo (CXDO) Form 4?

The Form 4 involves restricted stock units (RSUs) with a conversion price of $0 and the corresponding Crexendo common stock issued upon vesting and withheld for taxes.

Is this Crexendo (CXDO) Form 4 filed by one or multiple reporting persons?

The Form 4 is indicated as filed by one reporting person, who is an officer of Crexendo and serves as Chief Executive Officer.