CXDO Form 4: Crexendo COO details RSU conversions and holdings

Rhea-AI Filing Summary

Crexendo, Inc. (CXDO) Chief Operating Officer Douglas Walter Gaylor reported routine equity compensation activity. On November 25, 2025, 278 restricted stock units (RSUs) converted into common stock at an exercise price of $0, and the company withheld 77 shares of common stock at $6.96 per share to cover payroll taxes. A second block of 278 RSUs converted the same day, with 76 shares withheld at $6.96 for taxes.

Following these transactions, Gaylor beneficially owned 243,538 shares of Crexendo common stock directly. He also held 7,501 RSUs that vest in equal monthly installments over 36 months starting on March 25, 2025, and 9,445 RSUs that vest in equal monthly installments over 36 months starting on October 25, 2025, in each case contingent on continued employment, with shares delivered as they vest.

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^*

Gaylor Douglas Walter

(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 Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/25/2025

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	11/25/2025		M		278	A	$0(1)	243,413	D
Common Stock	11/25/2025		F(2)		77	D	$6.96	243,336	D
Common Stock	11/25/2025		M		278	A	$0(1)	243,614	D
Common Stock	11/25/2025		F(4)		76	D	$6.96	243,538	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)	11/25/2025		M			278	(3)	(3)	Common Stock	278	$0	7,501	D
Restricted Stock Units	$0(1)	11/25/2025		M			278	(5)	(5)	Common Stock	278	$0	9,445	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 November 25, 2025 of $6.96. 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.

4. The Company withheld 76 shares of common stock for payment of the associated payroll taxes, using the closing stock price on November 25, 2025 of $6.96. This transaction does not represent a sale by the reporting person.

5. The RSUs 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.

	/s/Douglas Walter Gaylor	11/26/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did Crexendo (CXDO) report for its COO?

Crexendo Chief Operating Officer Douglas Walter Gaylor reported the vesting and settlement of two blocks of 278 restricted stock units (RSUs) into common stock on November 25, 2025, along with share withholding to cover payroll taxes.

How many Crexendo (CXDO) shares were withheld for taxes in this Form 4?

The company withheld 77 shares of common stock in one transaction and 76 shares in another, both using the $6.96 closing stock price on November 25, 2025 to pay associated payroll taxes. These withholdings are reported with transaction codes F and are stated as not representing sales by the reporting person.

How many Crexendo (CXDO) shares does the COO own after the reported transactions?

After the reported RSU conversions and tax withholdings, Douglas Walter Gaylor beneficially owned 243,538 shares of Crexendo common stock in direct ownership.

What are the vesting terms of the Crexendo (CXDO) RSUs held by the COO?

One RSU grant of 7,501 units vests in equal monthly installments over 36 months starting March 25, 2025, and a second grant of 9,445 units vests in equal monthly installments over 36 months starting October 25, 2025. Each RSU represents the right to receive one share of CXDO common stock upon vesting, contingent on continued employment.

What do the transaction codes M and F mean in this Crexendo (CXDO) Form 4?

Transaction code M is used for the conversion of restricted stock units (RSUs) into common stock at an exercise price of $0. Transaction code F is used where the company withheld shares of common stock to pay associated payroll taxes at a price of $6.96 per share, and the explanation notes that these withholdings do not represent sales by the reporting person.

Does the Crexendo (CXDO) Form 4 indicate any open-market share sales by the COO?

The explanation states that the company’s withholding of 77 shares and 76 shares of common stock at $6.96 per share was for payment of associated payroll taxes and that each such transaction does not represent a sale by the reporting person.