Crexendo (CXDO) CEO receives 10,000 RSU equity award

Rhea-AI Filing Summary

Crexendo, Inc. reported an insider equity award for its Chief Executive Officer, Jeffrey G. Korn. On February 4, 2026, he was granted 10,000 restricted stock units (RSUs) at a stated price of $0 per unit, held as a derivative security.

Each RSU represents the right to receive one share of CXDO common stock upon vesting, contingent on continued employment. The RSUs vest in equal monthly installments over 36 months, starting on March 4, 2026, until fully vested, with shares delivered upon each vesting date. Following this grant, he directly beneficially owns 10,000 derivative securities related to these RSUs.

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)
02/04/2026

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

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)	02/04/2026		A		10,000		(2)	(2)	Common Stock	10,000	$0	10,000	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 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. Korn	02/06/2026
	** 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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** 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 insider transaction did Crexendo (CXDO) disclose in this Form 4?

Crexendo reported that its CEO, Jeffrey G. Korn, received 10,000 restricted stock units on February 4, 2026. These RSUs are a stock-based compensation award that convert into common shares as they vest over time, subject to continued employment.

How many restricted stock units were granted to the Crexendo (CXDO) CEO?

The CEO of Crexendo, Jeffrey G. Korn, was granted 10,000 restricted stock units. Each unit represents the right to receive one share of CXDO common stock once it vests, providing equity-based compensation aligned with the company’s performance and his continued service.

What is the vesting schedule for the Crexendo (CXDO) CEO’s 10,000 RSUs?

The 10,000 RSUs vest in equal monthly installments over 36 months starting March 4, 2026. Vesting continues until the award is 100% vested, and shares of CXDO common stock are delivered upon each vesting date, assuming the CEO’s continuous employment.

What does each Crexendo (CXDO) RSU granted to the CEO represent?

Each RSU granted to the Crexendo CEO represents the right to receive one share of CXDO common stock upon vesting. The award is contingent on continued employment, meaning the CEO must remain with the company for the units to vest and shares to be delivered.

How many derivative securities does the Crexendo (CXDO) CEO own after this RSU grant?

After the February 4, 2026 grant, the Crexendo CEO beneficially owns 10,000 derivative securities related to the RSUs. These reflect the full grant amount and will translate into common shares over time as the restricted stock units vest and settle.

Is the Crexendo (CXDO) CEO’s RSU award reported as directly owned?

Yes. The Form 4 shows the 10,000 restricted stock units as directly owned by the Crexendo CEO. The ownership form is listed as “D” for direct, indicating the award is attributed personally rather than through an indirect entity or related account.