Crexendo CEO exercises RSUs, covers taxes with stock
Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported vesting of Restricted Stock Units that converted into 1,666 shares of common stock on July 25 and 27, 2026 at a $0.00 exercise price.
Rhea-AI Filing Summary
Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported vesting of Restricted Stock Units that converted into 1,666 shares of common stock on July 25 and 27, 2026 at a $0.00 exercise price.
To cover payroll taxes, the company withheld a total of 407 shares valued at closing prices of $6.62 and $6.92 per share; these are expressly described as not representing sales by Korn. The RSUs vest in equal monthly installments over 36 months from 2025–2026 grant dates, contingent on continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,666 shares exercised/converted
Exercise
9 txns
Insider
KORN JEFFREY G
Role
Chief Executive 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 | 271 | $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 | 68 | $6.62 | $450.16 |
| Exercise | Common Stock F1 | 278 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 68 | $6.62 | $450.16 |
Holdings After Transaction:
Restricted Stock Units — 50,282 contracts (Direct);
Common Stock — 223,940 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 68 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 271 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 payroll taxes: 407 shares
Tax withholding price on July 25, 2026: $6.62 per share
+3 more
6 metrics
RSUs converted to common stock
1,666 shares
Total underlying shares from RSU exercises on July 25 and 27, 2026
Shares withheld for payroll taxes
407 shares
Total shares withheld at $6.62 and $6.92 per share to cover tax obligations
Tax withholding price on July 25, 2026
$6.62 per share
Closing stock price used to value 68-share withholdings for payroll taxes
Tax withholding price on July 27, 2026
$6.92 per share
Closing stock price used to value 271-share withholding for payroll taxes
RSU vesting period
36 months
RSUs vest in equal monthly installments over 36 months from each grant’s start date
RSU vesting start dates
March 25, 2025; October 25, 2025; June 27, 2026
Three RSU grants vest monthly over 36 months from these dates, subject to continuous employment
Key Terms
Restricted Stock Units, withheld for payment of the associated payroll taxes, closing stock price, continuous employment
4 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.
withheld for payment of the associated payroll taxes financial
"The Company withheld 68 shares of common stock for payment of the associated payroll taxes"
closing stock price financial
"using the closing stock price on July 25, 2026 of $6.62"
continuous employment financial
"until such time as the RSUs are 100% vested, subject to continuous employment"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stock transactions did Crexendo (CXDO) CEO Jeffrey Korn report in this Form 4?
Jeffrey G. Korn reported vesting and conversion of Restricted Stock Units into 1,666 shares of Crexendo common stock. The conversions occurred on July 25 and 27, 2026 at a stated $0.00 exercise price, reflecting equity compensation rather than open-market purchases.
What are the vesting terms of Jeffrey Korn’s Crexendo (CXDO) RSUs?
The RSUs vest in equal monthly installments over 36 months, subject to continuous employment. One grant begins vesting on March 25, 2025, another on October 25, 2025, and another on June 27, 2026, with shares delivered upon each monthly vesting date.
Are Jeffrey Korn’s Crexendo (CXDO) transactions reported under a Rule 10b5-1 trading plan?
The transactions are not affirmed as executed under a Rule 10b5-1 trading plan. The Rule 10b5-1 checkbox is not marked as applicable, and the accompanying footnotes describe routine RSU vesting and tax-withholding, without referencing any pre-arranged trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
