Crexendo CTO vests 5,832 RSUs; shares withheld
Crexendo’s CTO had RSUs vest into 5,832 common shares, with 1,882 shares withheld for taxes at $6.01 per share.
Rhea-AI Filing Summary
Crexendo, Inc. (CXDO) reported that its Chief Technology Officer, Christopher Ryan Aaker, converted a total of 5,832 Restricted Stock Units (RSUs) into common stock on September 4 and 5, 2026. Each RSU represents one share of common stock upon vesting, contingent on continued employment.
In connection with these vestings, the company withheld 1,882 shares of common stock at $6.01 per share to pay associated payroll taxes; the filing states these withholding transactions do not represent sales by the reporting person. No Rule 10b5-1 trading plan is indicated.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,832 shares exercised/converted
Exercise
9 txns
Insider
Aaker Christopher Ryan
Role
Chief Technology Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F7 | 1,666 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 1,666 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F4 | 538 | $6.01 | $3K |
| Exercise | Restricted Stock Units F1, F5 | 2,083 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F6 | 2,083 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 2,083 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 672 | $6.01 | $4K |
| Exercise | Common Stock F1 | 2,083 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3 | 672 | $6.01 | $4K |
Holdings After Transaction:
Restricted Stock Units — 36,669 contracts (Direct);
Common Stock — 12,616 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 672 shares of common stock for payment of the associated payroll taxes, using the closing stock price on September 4, 2026 of $6.01. This transaction does not represent a sale by the reporting person.
- F3. The Company withheld 672 shares of common stock for payment of the associated payroll taxes, using the closing stock price on September 4, 2026 of $6.01. This transaction does not represent a sale by the reporting person.
- F4. The Company withheld 538 shares of common stock for payment of the associated payroll taxes, using the closing stock price on September 5, 2026 of $6.01. This transaction does not represent a sale by the reporting person.
- F5. The RSUs vest in equal quarterly installments over 12 quarters starting on June 4, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
- F6. The RSUs vest in equal quarterly installments over 12 quarters starting on June 4, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
- F7. The RSUs vest in equal quarterly installments over 12 quarters starting on June 5, 2024 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
Key Figures
RSUs converted to common stock: 5,832 shares
Shares withheld for payroll taxes: 1,882 shares
Tax withholding share price: $6.01 per share
+2 more
5 metrics
RSUs converted to common stock
5,832 shares
Total RSUs converted into Crexendo common stock on September 4–5, 2026
Shares withheld for payroll taxes
1,882 shares
Common shares withheld to cover associated payroll taxes on RSU vesting
Tax withholding share price
$6.01 per share
Closing stock price used to determine shares withheld on September 4–5, 2026
Vesting schedule length
12 quarters
Each RSU grant vests in equal quarterly installments over 12 quarters
RSU grant start dates
June 5, 2024; June 4, 2025; June 4, 2026
Quarterly vesting start dates for the RSU grants reported
Key Terms
Restricted Stock Units, withheld 672 shares of common stock, continuous employment
3 terms
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.
continuous employment financial
"subject to continuous employment. Shares will be delivered upon vesting"
FAQ
What insider equity activity did CXDO report for its CTO on this Form 4?
The CTO, Christopher Ryan Aaker, converted 5,832 RSUs into Crexendo (CXDO) common stock on September 4 and 5, 2026. These RSUs each represent one share of common stock that is delivered upon vesting, contingent on continuous employment.
Do the CXDO tax-withholding transactions represent sales by the CTO?
No. The footnotes state that the withheld 1,882 shares were used to pay payroll taxes and that these transactions do not represent sales by the reporting person, but rather shares withheld by the company.
What is the vesting schedule for the CXDO RSUs reported in this Form 4?
The RSUs vest in equal quarterly installments over 12 quarters for each grant, starting on June 5, 2024, June 4, 2025, and June 4, 2026, respectively, subject to continuous employment, with shares delivered upon each vesting date.
Were the CXDO insider transactions made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that no Rule 10b5-1 plan applies to these transactions, meaning they were not reported as being executed under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
