Crexendo (CXDO) CEO details RSU vesting and tax withholdings

Rhea-AI Filing Summary

Crexendo, Inc. reported insider equity activity by Chief Executive Officer Jeffrey G. Korn. On January 25, 2026, 277 restricted stock units (RSUs) twice converted to common stock at an exercise price of $0, reflecting scheduled vesting tied to continued employment.

To cover payroll taxes on these vestings, the company withheld 82 shares and 83 shares of common stock using the $7.45 closing stock price on January 25, 2026; these withholdings are explicitly stated not to be sales by the executive. The underlying RSU grants vest in equal monthly installments over 36 months starting on March 25, 2025 and October 25, 2025, with shares delivered as they vest.

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

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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)
01/25/2026

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	01/25/2026		M		277	A	$0(1)	239,079	D
Common Stock	01/25/2026		F(2)		82	D	$7.45	238,997	D
Common Stock	01/25/2026		M		277	A	$0(1)	239,274	D
Common Stock	01/25/2026		F(4)		83	D	$7.45	239,191	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)	01/25/2026		M			277	(3)	(3)	Common Stock	277	$0	6,946	D
Restricted Stock Units	$0(1)	01/25/2026		M			277	(5)	(5)	Common Stock	277	$0	8,890	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 82 shares of common stock for payment of the associated payroll taxes, using the closing stock price on January 25, 2026 of $7.45. 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 Company withheld 83 shares of common stock for payment of the associated payroll taxes, using the closing stock price on January 25, 2026 of $7.45. This transaction does not represent a sale by the reporting person.

5. 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	01/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Crexendo (CXDO) report for its CEO?

Crexendo reported RSU vesting transactions for its CEO. On January 25, 2026, 277 restricted stock units twice converted into common shares at a zero exercise price as part of scheduled equity vesting tied to the CEO’s continued employment with the company.

Did the Crexendo (CXDO) CEO sell any shares in this Form 4 filing?

The filing states there was no sale by the CEO. The company withheld 82 and 83 common shares solely to pay payroll taxes, using the $7.45 closing price, and the description specifies these tax withholdings do not represent sales by the reporting person.

How many Crexendo (CXDO) shares were withheld for taxes on January 25, 2026?

A total of 165 shares were withheld for taxes. The company retained 82 shares and 83 shares of common stock to satisfy associated payroll tax obligations, using the $7.45 closing stock price as the valuation for these tax-related withholdings.

What are the vesting terms of the Crexendo (CXDO) CEO’s RSUs?

The CEO’s RSUs vest monthly over 36 months. One grant vests in equal monthly installments starting March 25, 2025, and another starts October 25, 2025. Vesting requires continuous employment, and one share of common stock is delivered for each RSU that vests.

What stock price did Crexendo (CXDO) use for tax withholdings in this Form 4?

Crexendo used a $7.45 closing stock price. For both tax-withholding entries, the company calculated payroll taxes based on the $7.45 closing price on January 25, 2026, when shares related to vested restricted stock units were delivered.

How many restricted stock units did the Crexendo (CXDO) CEO convert on January 25, 2026?

The CEO converted a total of 554 RSUs that day. Two separate transactions each involved 277 restricted stock units converting into common stock at a zero exercise price, as part of previously granted equity awards scheduled to vest over time.