Crexendo (CXDO) COO exercises 6K options and sells 10K common shares

Rhea-AI Filing Summary

Crexendo, Inc. Chief Operating Officer Douglas Walter Gaylor exercised stock options and sold shares of common stock. He exercised options for 6,000 shares of common stock at $2.72 per share and then sold 10,000 shares in an open-market transaction at $9.52 per share. After these transactions, he directly owned 221,413 shares of Crexendo common stock. The stock options referenced in the filing vest over 36 equal monthly installments beginning on 11/24/2022, indicating they are part of an ongoing equity compensation program.

Insider Trade Summary

Net Seller: 10,000 shares ($95,200)

Net Sell 3 txns

Insider Gaylor Douglas Walter

Role Chief Operating Officer

Sold 10,000 shs ($95K)

Type	Security	Shares	Price	Value
Exercise	Stock Options	6,000	$2.72	$16K
Sale	Common Stock	10,000	$9.52	$95K
Exercise	Common Stock	6,000	$2.72	$16K

Holdings After Transaction: Stock Options — 19,000 shares (Direct, null); Common Stock — 221,413 shares (Direct, null)

Footnotes (1)

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Key Figures

Options exercised: 6,000 shares Exercise price: $2.72/share Shares sold: 10,000 shares +3 more

6 metrics

Options exercised 6,000 shares Stock options exercised into common stock at $2.72 per share

Exercise price $2.72/share Strike price for 6,000 stock options exercised

Shares sold 10,000 shares Open-market sale of Crexendo common stock

Sale price $9.52/share Price for 10,000-share open-market sale

Post-transaction holdings 221,413 shares Direct ownership of Crexendo common stock after transactions

Option vesting schedule 36 monthly installments Options vest over 36 equal monthly installments beginning 11/24/2022

Key Terms

open-market sale, stock options, derivative exercise/conversion, non-derivative

4 terms

open-market sale financial

"Sale in open market or private transaction"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

stock options financial

"The stock options vest over 36 equal monthly installments"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

derivative exercise/conversion financial

"transaction_action: derivative exercise/conversion"

non-derivative financial

"transaction_type: non-derivative"

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^*

Gaylor Douglas Walter

(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 Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026

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	05/14/2026		S		10,000	D	$9.52	221,413	D
Common Stock	05/15/2026		M		6,000	A	$2.72	227,413	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
Stock Options	$2.72	05/15/2026		M			6,000	(1)	10/24/2032	Common Stock	6,000	$2.72	19,000	D

Explanation of Responses:

1. The stock options vest over 36 equal monthly installments beginning on 11/24/2022.

	/s/Douglas Walter Gaylor	05/18/2026
	** 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) report for Douglas Walter Gaylor?

Crexendo reported that Chief Operating Officer Douglas Walter Gaylor exercised options for 6,000 shares and sold 10,000 shares of common stock. These actions combine a derivative exercise with an open-market sale, typical of equity compensation and liquidity management.

How many Crexendo (CXDO) shares does Douglas Walter Gaylor hold after this Form 4?

After the reported transactions, Douglas Walter Gaylor directly holds 221,413 shares of Crexendo common stock. This figure reflects his remaining position following the 10,000-share open-market sale disclosed in the Form 4 filing.

At what prices did the Crexendo (CXDO) COO exercise options and sell shares?

Douglas Walter Gaylor exercised stock options at an exercise price of $2.72 per share for 6,000 shares and sold 10,000 shares of common stock at $9.52 per share. These prices are taken directly from the reported Form 4 transactions.

What type of transactions are reported in this Crexendo (CXDO) Form 4?

The Form 4 shows a derivative exercise and an open-market sale. Gaylor exercised 6,000 stock options into common shares and then completed an open-market sale of 10,000 common shares, combining compensation-related activity with a share disposition.

How do the Crexendo (CXDO) stock options for the COO vest?

The stock options referenced in the filing vest over 36 equal monthly installments beginning on 11/24/2022. This schedule indicates gradual vesting, a common structure for executive equity awards that aligns ongoing service with incremental option availability.