Crexendo CEO exercises RSUs; shares withheld for taxes
Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding.
Rhea-AI Filing Summary
Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On July 4, 2026, RSUs covering 278 shares of common stock were exercised at $0.00 per share, converting into the same number of common shares as part of his compensation plan.
The company withheld 68 common shares to cover associated payroll taxes, using a closing stock price of $7.62 per share; this withholding is explicitly described as not representing a sale by Korn. Following these transactions, he directly holds 222,681 shares of common stock and 8,612 RSUs. Each RSU represents the right to receive one share of common stock upon vesting, with the RSUs scheduled to vest in equal monthly installments over 36 months starting on February 4, 2026, contingent on continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
278 shares exercised/converted
Exercise
3 txns
Insider
KORN JEFFREY G
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 278 | $0.00 | $0.00 |
| Exercise | Common Stock | 278 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 68 | $7.62 | $518.16 |
Holdings After Transaction:
Restricted Stock Units — 8,612 contracts (Direct);
Common Stock — 222,681 shares (Direct)
Footnotes (3)
- F1. Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
- F2. The Company withheld 68 shares of common stock for payment of the associated payroll taxes, using the closing stock price on July 4, 2026 of $7.62. This transaction does not represent a sale by the reporting person.
- F3. The RSUs will vest in equal monthly installments over 36 months starting on February 4, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
Key Figures
RSUs exercised: 278 shares
Shares withheld for taxes: 68 shares
Tax valuation price: $7.62 per share
+3 more
6 metrics
RSUs exercised
278 shares
Common stock received from RSU exercise on July 4, 2026
Shares withheld for taxes
68 shares
Payroll tax withholding using $7.62 closing price on July 4, 2026
Tax valuation price
$7.62 per share
Closing stock price used to value withheld shares on July 4, 2026
Common shares held after
222,681 shares
Direct common stock ownership following reported transactions
RSUs held after
8,612 RSUs
Remaining restricted stock units after the 278-unit exercise
RSU vesting period
36 months
Equal monthly vesting starting February 4, 2026, contingent on employment
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security
3 terms
Restricted Stock Units financial
"The RSUs will vest in equal monthly installments over 36 months..."
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
"Payment of exercise price or tax liability by delivering securities"
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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did Crexendo (CXDO) CEO Jeffrey Korn report on July 4, 2026?
Jeffrey Korn reported exercising restricted stock units (RSUs) for 278 shares of Crexendo common stock at $0.00 per share. As part of the same event, the company withheld 68 shares to cover payroll taxes using a $7.62 closing stock price.
What are the terms of the Crexendo (CXDO) restricted stock units reported in this Form 4?
Each RSU represents the right to receive one share of Crexendo common stock upon vesting, contingent on continued employment. The RSUs vest in equal monthly installments over 36 months starting February 4, 2026, with shares delivered as they vest over that schedule.
How were payroll taxes handled for the Crexendo (CXDO) CEO’s RSU vesting?
To satisfy payroll tax obligations from the RSU vesting, the company withheld 68 shares of common stock. The withholding used the July 4, 2026 closing stock price of $7.62 per share and is classified as a tax-withholding disposition, not a market sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
