Crexendo CEO Korn converts stock awards into 278 shares

The RSUs vest in equal monthly installments over 36 months, subject to continued employment, with shares delivered upon vesting.

Available on EDGAR 11/06/2026 - 04:20 PM EST Accepted by SEC EDGAR 11/06/2026 - 04:20 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported the conversion of 278 restricted stock units into 278 common shares on November 4, 2026. The company withheld 68 shares for payroll taxes, using a closing stock price of $5.24; the withholding was not a sale by Korn. The derivative holding row reports 7,501 restricted stock units following the transaction.

The RSUs vest in equal monthly installments over 36 months starting March 4, 2026, subject to continuous employment, with shares delivered upon vesting.

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 F1, F3	278	$0.00	$0.00
Exercise	Common Stock F1	278	$0.00	$0.00
Tax Withholding	Common Stock F2	68	$5.24	$356.32

Holdings After Transaction: Restricted Stock Units — 7,501 contracts (Direct); Common Stock — 240,535 shares (Direct)

Holdings Before and After: Restricted Stock Units, 7,779 to 7,501 contracts (Direct); Common Stock, 240,325 to 240,535 shares (Direct)

Footnotes (3)

1. F1. Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
2. F2. The Company withheld 68 shares of common stock for payment of the associated payroll taxes, using the closing stock price on November 4, 2026 of $5.24. This transaction does not represent a sale by the reporting person.
3. F3. The RSUs will 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.

Key Figures

Restricted stock units converted: 278 restricted stock units Common shares acquired upon conversion: 278 shares Shares withheld for payroll taxes: 68 shares +3 more

6 metrics

Restricted stock units converted 278 restricted stock units November 4, 2026

Common shares acquired upon conversion 278 shares November 4, 2026

Shares withheld for payroll taxes 68 shares November 4, 2026

Closing stock price $5.24 per share November 4, 2026; used for the payroll tax withholding

Restricted stock units following transaction 7,501 restricted stock units Reported following the transaction

RSU vesting period 36 months Equal monthly installments starting March 4, 2026, subject to continuous employment

Key Terms

Restricted Stock Units, vesting, payroll taxes

3 terms

Restricted Stock Units financial

"Each RSU represents the right to receive, upon vesting, one share"

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.

vesting financial

"The RSUs will vest in equal monthly installments over 36 months"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

payroll taxes financial

"withheld 68 shares of common stock for payment of the associated payroll taxes"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many RSUs did CXDO CEO Jeffrey G. Korn convert?

Jeffrey G. Korn converted 278 restricted stock units into 278 common shares on November 4, 2026. The derivative holding row reports 7,501 restricted stock units following the transaction.

Why were 68 CXDO shares withheld from Jeffrey G. Korn?

Crexendo withheld 68 shares for associated payroll taxes, using the November 4, 2026 closing stock price of $5.24. The transaction does not represent a sale by Korn.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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 ARIZONA 85288

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	11/04/2026		M		278	A	$0(1)	240,603	D
Common Stock	11/04/2026		F(2)		68	D	$5.24	240,535	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)	11/04/2026		M			278	(3)	(3)	Common Stock	278	$0	7,501	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 68 shares of common stock for payment of the associated payroll taxes, using the closing stock price on November 4, 2026 of $5.24. This transaction does not represent a sale by the reporting person.

3. The RSUs will 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	11/06/2026
	** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)