Crexendo CFO sells 62,539 shares in planned trades
Crexendo, Inc. Chief Financial Officer Ron Vincent reported a series of transactions in Crexendo common stock.
Rhea-AI Filing Summary
Crexendo, Inc. Chief Financial Officer Ron Vincent reported a series of transactions in Crexendo common stock. He sold a total of 62,539 shares in open-market transactions at weighted average prices around the high-$7 to mid-$9 range, under a pre-arranged Rule 10b5-1(c) trading plan entered on December 9, 2024.
In connection with equity compensation, 278 restricted stock units converted into the same number of common shares, while 77 shares were withheld on May 4, 2026 at a closing price of $8.17 to cover payroll taxes, which the company notes does not represent a sale by Vincent. He continues to hold Crexendo stock directly after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Vincent Ron
Role
Chief Financial Officer
Sold
62,539 shs ($555K)
Approx. gross sale proceeds
$555K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 278 | $0.00 | $0.00 |
| Exercise | Common Stock | 278 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 77 | $8.17 | $629.09 |
| Sale | Common Stock | 18,989 | $8.1363 | $155K |
| Sale | Common Stock | 10,000 | $8.6279 | $86K |
| Sale | Common Stock | 33,550 | $9.3592 | $314K |
Holdings After Transaction:
Restricted Stock Units — 9,167 contracts (Direct);
Common Stock — 118,537 shares (Direct)
Footnotes (7)
- F1. Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
- F2. The Company withheld 77 shares of common stock for payment of the associated payroll taxes, using the closing stock price on May 4, 2026 of $8.17. This transaction does not represent a sale by the reporting person.
- F3. The RSUs 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.
- F4. This sale was made pursuant to a plan intended to comply with Rule 10b5-1(c), previously entered into on December 9, 2024, at which time Mr. Vincent was not aware of material nonpublic information.
- F5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.997 to $8.2501. Details can be provided upon request.
- F6. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.6241 to $8.7001. Details can be provided upon request.
- F7. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.9701 to $9.75. Details can be provided upon request.
Key Figures
Total shares sold: 62,539 shares
Sale price 1: $9.3592 per share
Sale price 2: $8.6279 per share
+4 more
7 metrics
Total shares sold
62,539 shares
Open-market sales of Crexendo common stock
Sale price 1
$9.3592 per share
Weighted average price for one sale tranche
Sale price 2
$8.6279 per share
Weighted average price for another sale tranche
Sale price 3
$8.1363 per share
Weighted average price for third sale tranche
RSUs converted
278 units
Restricted stock units converting into common shares
Tax-withheld shares
77 shares
Shares withheld to cover payroll taxes
Tax valuation price
$8.17 per share
Closing price on May 4, 2026 used for tax withholding
Key Terms
Rule 10b5-1(c), Restricted Stock Units, tax-withholding disposition, weighted average price
4 terms
Rule 10b5-1(c) regulatory
"This sale was made pursuant to a plan intended to comply with Rule 10b5-1(c)"
Rule 10b5-1(c) is an SEC guideline that lets company insiders set up a written, pre-planned schedule to buy or sell their company stock when they are not in possession of material, nonpublic information. For investors, it matters because such plans can reduce the appearance of insider trading by separating decisions from inside knowledge—like putting your trades on autopilot—while also requiring scrutiny since pre-planned trades can still affect market confidence and share value.
Restricted Stock Units financial
"Each RSU represents the right to receive, upon vesting, one share of CXDO common stock"
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.
weighted average price financial
"The reported price in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Crexendo (CXDO) CFO Ron Vincent report in this Form 4?
Crexendo CFO Ron Vincent reported multiple transactions in company common stock. He sold 62,539 shares in open-market trades and also had 278 restricted stock units convert into shares, while 77 shares were withheld to cover payroll taxes related to equity compensation.
Were Ron Vincent’s Crexendo (CXDO) stock sales under a Rule 10b5-1 plan?
Yes. A footnote states that one of the reported sales was made under a plan intended to comply with Rule 10b5-1(c), which was entered on December 9, 2024, when Ron Vincent was not aware of material nonpublic information, indicating a pre-planned trading arrangement.
What happened with the Crexendo (CXDO) restricted stock units in this filing?
The filing shows 278 restricted stock units converting into an equal number of Crexendo common shares at a $0.00 exercise price. Each RSU represents the right to receive one share upon vesting, contingent on continued employment and subject to the vesting schedule described in the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
