Crexendo COO reports RSU vesting and tax withholding
Crexendo, Inc. Chief Operating Officer Douglas Walter Gaylor reported RSU vesting and related tax-withholding entries.
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Form Type
4
Rhea-AI Filing Summary
Crexendo, Inc. Chief Operating Officer Douglas Walter Gaylor reported RSU vesting and related tax-withholding entries. On July 25 and 27, 2026, 1,666 shares of common stock were delivered upon RSU vesting at no cost, while 456 shares were withheld by the company to satisfy payroll taxes at prices of $6.62 and $6.92 per share. The footnotes state that these withholding transactions do not represent sales by the reporting person.
Insider Trade Summary
1,666 shares exercised/converted
Exercise
9 txns
Insider
Gaylor Douglas Walter
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F6 | 1,111 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 1,111 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3 | 304 | $6.92 | $2K |
| Exercise | Restricted Stock Units F1, F4 | 277 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F5 | 278 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 277 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 76 | $6.62 | $503.12 |
| Exercise | Common Stock F1 | 278 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 76 | $6.62 | $503.12 |
Holdings After Transaction:
Restricted Stock Units — 50,282 contracts (Direct);
Common Stock — 236,534 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 51,948 to 50,282 contracts (Direct);
Common Stock, 235,324 to 236,534 shares (Direct)
Footnotes (6)
- F1. Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
- F2. The Company withheld 76 shares of common stock for payment of the associated payroll taxes, using the closing stock price on July 25, 2026 of $6.62. This transaction does not represent a sale by the reporting person.
- F3. The Company withheld 304 shares of common stock for payment of the associated payroll taxes, using the closing stock price on July 27, 2026 of $6.92. This transaction does not represent a sale by the reporting person.
- F4. The RSUs will 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.
- F5. The RSUs will 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.
- F6. The RSUs will vest in equal monthly installments over 36 months starting on June 27, 2026 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: 1,666 shares
Shares withheld for taxes: 456 shares
Tax withholding price on July 25, 2026: $6.62 per share
+2 more
5 metrics
RSUs converted to common stock
1,666 shares
Total common shares received from RSU vesting on July 25 and 27, 2026
Shares withheld for taxes
456 shares
Total common shares withheld to cover payroll taxes on July 25 and 27, 2026
Tax withholding price on July 25, 2026
$6.62 per share
Closing stock price used to value 76 shares withheld for payroll taxes
Tax withholding price on July 27, 2026
$6.92 per share
Closing stock price used to value 304 shares withheld for payroll taxes
RSU vesting period
36 months
RSUs vest in equal monthly installments over 36 months from each grant’s start date
Key Terms
Restricted Stock Units, tax-withholding disposition, continuous employment
3 terms
Restricted Stock Units financial
"Each RSU represents the right to receive, upon vesting, one share of CXDO common stock"
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.
tax-withholding disposition financial
"transaction_action is a tax-withholding disposition of common stock for payroll taxes"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
continuous employment financial
"RSUs vest over 36 months starting on specific dates, subject to continuous employment"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Crexendo (CXDO) report for its COO?
Crexendo’s COO reported RSU vesting that delivered 1,666 common shares and related tax-withholding transactions. Shares were issued at no cost upon vesting, and some were withheld by the company to cover payroll tax obligations.
Were there any open-market sales of CXDO stock in this Form 4?
No. The entries marked code F reflect shares withheld for payroll taxes, not open-market sales. Footnotes clarify that these transactions "do not represent a sale" by the reporting person, but rather tax payments in shares.
How do the COO’s RSUs in CXDO vest over time?
The RSUs vest in equal monthly installments over 36 months from grant-specific start dates in March 2025, October 2025, and June 2026. Vesting for each grant is subject to continuous employment, with shares delivered upon vesting.
Does this CXDO Form 4 indicate a new equity award to the COO?
The reported activity reflects vesting and conversion of previously granted RSUs into common stock plus tax withholding. It does not describe a new grant; instead, it shows ongoing settlement of existing RSU awards under their vesting schedules.
AI-generated analysis. How Rhea-AI works. Not financial advice.
