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Crexendo, Inc. (CXDO) CEO RSUs vest as 68 shares withheld for taxes

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

Rhea-AI Filing Summary

Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported the vesting and settlement of 278.0000 Restricted Stock Units into an equal number of shares of common stock on August 4, 2026. The RSUs vest in equal monthly installments over 36 months starting on March 4, 2026, subject to continuous employment, with 8334.0000 Restricted Stock Units reported as beneficially owned following this transaction. To cover payroll tax obligations related to this vesting, the company withheld 68.0000 shares of common stock at the August 4, 2026 closing price of $7.47 per share; this withholding is explicitly described as not representing a sale by Korn.

Positive

  • None.

Negative

  • None.
Insider KORN JEFFREY G
Role Chief Executive Officer
Type Security Shares Price Value
Exercise Restricted Stock Units F1, F3 278 $0.00 $0.00
Exercise Common Stock F1 278 $0.00 $0.00
Tax Withholding Common Stock F2 68 $7.47 $507.96
Holdings After Transaction: Restricted Stock Units — 8,334 shares (Direct); Common Stock — 224,150 shares (Direct)
Footnotes (3)
  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 August 4, 2026 of $7.47. 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 4, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
RSUs vested and converted 278.0000 Restricted Stock Units Vested and converted into common stock on August 4, 2026
Common shares received from RSUs 278.0000 shares Shares of common stock delivered upon RSU vesting
RSUs following transaction 8334.0000 Restricted Stock Units RSU balance reported after the August 4, 2026 vesting event
Shares withheld for taxes 68.0000 shares Common shares withheld to satisfy payroll tax obligations
Tax withholding share price $7.47 per share Closing stock price on August 4, 2026 used for payroll tax withholding
RSU vesting period 36 months Equal monthly vesting from March 4, 2026 until 100% vested
Restricted Stock Units financial
"Each RSU represents the right to receive, upon vesting, one share"
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.
payroll taxes financial
"The Company withheld 68 shares of common stock for payment of the associated payroll taxes"
continuous employment financial
"subject to continuous employment. Shares will be delivered upon vesting"

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FAQ

What insider transaction did Crexendo (CXDO) report for CEO Jeffrey Korn?
Jeffrey G. Korn had 278.0000 Restricted Stock Units vest and convert into 278.0000 shares of Crexendo common stock on August 4, 2026, as part of a scheduled RSU vesting program tied to continued employment.

How many Crexendo (CXDO) Restricted Stock Units does Jeffrey Korn hold after this transaction?
After this transaction, Jeffrey G. Korn is reported as beneficially owning 8334.0000 Restricted Stock Units. These RSUs are subject to an ongoing monthly vesting schedule over 36 months that began on March 4, 2026, contingent on continuous employment.

What is the vesting schedule for Jeffrey Korn’s Crexendo (CXDO) RSUs?
Korn’s RSUs vest in equal monthly installments over 36 months starting on March 4, 2026, until they are 100% vested. Delivery of common shares occurs upon each vesting event, assuming continuous employment with Crexendo.

Were any Crexendo (CXDO) shares sold by Jeffrey Korn in this Form 4 transaction?
No. A total of 68.0000 shares of Crexendo common stock were withheld by the company to pay associated payroll taxes at $7.47 per share, and this withholding is expressly stated as not representing a sale by Korn.

At what price were Crexendo (CXDO) shares valued for Jeffrey Korn’s tax withholding?
The 68.0000 shares withheld for payroll taxes were valued at the closing Crexendo stock price of $7.47 on August 4, 2026. This valuation was used solely for tax payment purposes, not as an open-market sale.
SEC Form 4
FORM 4UNITED 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 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/04/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock08/04/2026M278A$0(1)224,218D
Common Stock08/04/2026F(2)68D$7.47224,150D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$0(1)08/04/2026M278 (3) (3)Common Stock278$08,334D
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 August 4, 2026 of $7.47. 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 4, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
/s/ Jeffery G. Korn08/06/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR