Crexendo (CXDO) CEO RSU vesting and tax withholding Form 4

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.

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.

Insider Trade Summary

556 shares exercised/converted

Exercise 6 txns

Insider KORN JEFFREY G

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	278	$0.00	$0.00
Exercise	Restricted Stock Units	278	$0.00	$0.00
Exercise	Common Stock	278	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	68	$6.96	$473.28
Exercise	Common Stock	278	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	68	$6.96	$473.28

Holdings After Transaction: Restricted Stock Units — 16,946 contracts (Direct); Common Stock — 230,818 shares (Direct)

Footnotes (4)

1. F1. Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
2. F2. 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. F3. 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. F4. 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.

FAQ

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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.

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Accepted by SEC EDGAR 11/26/2025 - 10:48 AM 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^*

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).
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