Crexendo Form 4: CFO Ron Vincent ups stake via RSU conversion

Rhea-AI Filing Summary

Crexendo (CXDO) filed a Form 4 reporting CFO Ron Vincent’s 25 Jul 2025 equity transactions. Vincent converted 278 restricted stock units (code “M”) into an equal number of common shares at $0 cost. To satisfy payroll taxes, the company automatically withheld 77 shares at the 25 Jun 2025 closing price of $5.89 (code “F”).

Net result: Vincent’s direct ownership increased by 201 shares to 180,948 shares. He also retains 8,612 unvested RSUs that vest monthly through Mar 2028, contingent on continued employment. No open-market sales occurred, and the transaction is routine compensation-related.

The small size and tax-withholding nature make the filing immaterial to float or near-term valuation, but the incremental share accumulation marginally reinforces insider alignment.

Insights

Securities Analyst

TL;DR: Routine RSU vesting; neutral market impact.

The Form 4 shows a standard monthly vest of 278 RSUs with 77 shares withheld for taxes, a structure common to Crexendo’s equity plan. Vincent’s net purchase of 201 shares is too small to influence supply–demand dynamics or signal a conviction buy. Post-transaction holdings of 180.9 k shares (≈1.0% of float) and 8.6 k remaining RSUs sustain alignment, but provide no fresh insight into fundamentals or guidance. I classify the event as neutral.

Corporate Governance Expert

TL;DR: Compensation plan executing as designed; no red flags.

The filing confirms Crexendo’s 36-month RSU schedule is operating normally. Tax withholding via share surrender avoids open-market selling and simplifies compliance. Withholding at the prior month’s close is typical and transparent. No amendments, accelerated vesting, or unusual dispositions are present, indicating healthy governance practices. Impact for investors is not material.

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
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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^*

Vincent Ron

(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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/25/2025

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	07/25/2025		M		278	A	$0(1)	181,024	D
Common Stock	07/25/2025		F(2)		77	D	$5.89	180,948	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)	07/25/2025		M			278	(3)	(3)	Common Stock	278	$0	8,612	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 77 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 25, 2025 of $5.89. 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.

	/s/Ron Vincent	07/31/2025
	** 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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did Crexendo CFO Ron Vincent report in the July 2025 Form 4?

He vested 278 RSUs, had 77 shares withheld for taxes, and now directly owns 180,948 CXDO shares.

Did the filing involve an open-market sale of CXDO shares?

No. The only disposition was 77 shares withheld for payroll taxes; no shares were sold in the market.

How many unvested RSUs does the CFO still hold after this transaction?

Vincent retains 8,612 RSUs that vest monthly through March 2028.

Is the transaction considered material for Crexendo investors?

Given the small share count and routine nature, the impact on valuation or float is immaterial.

What is the significance of transaction codes "M" and "F" on Form 4?

M denotes conversion of a derivative (RSU) into stock; F indicates shares withheld for tax obligations.