CXDO Form 4: CEO Jeffery Korn Disposes of 3,200 Shares Under 10b5-1 Plan

Rhea-AI Filing Summary

Jeffery G. Korn, Chief Executive Officer of Crexendo, Inc. (CXDO), sold 3,200 shares of the company’s common stock on 08/07/2025 at a reported price of $6.509 per share. After the sale he beneficially owned 241,996 shares. The Form 4 shows the sale was executed under a written plan intended to qualify for the Rule 10b5-1(c) affirmative defense; that plan was entered on December 9, 2024, and the form states Mr. Korn was not aware of material nonpublic information at that time.

The filing discloses only a non-derivative sale and the remaining beneficial ownership level; no options, warrants, or other derivative transactions are reported on this Form 4.

Positive

• Sale executed under a documented Rule 10b5-1 plan, which supports transparency and reduces concerns about contemporaneous insider information.
• Reporting person retains a substantial position after the transaction: 241,996 shares remain beneficially owned.

Negative

• None.

Insights

Financial Analyst

TL;DR: A small, pre-planned insider sale that appears immaterial to share count and was executed under a 10b5-1 plan.

The reported sale of 3,200 shares at $6.509 reduced Mr. Korn's holdings to 241,996 shares. Based on the Form 4 data, the sale represents roughly about 1.3% of his prior holding (3,200 of an implied 245,196 shares), which is modest in size and unlikely to be material to the company’s capitalization. The use of a Rule 10b5-1 plan and the explicit statement that he was not aware of material nonpublic information at plan entry reduce the likelihood the sale signals undisclosed company news. Market reaction is typically limited for small, pre-arranged disposals.

Corporate Governance Expert

TL;DR: Governance procedures followed: sale under a documented 10b5-1 plan and clearly reported on Form 4.

The filing documents a contemporaneous disclosure and confirms the transaction was made pursuant to a written 10b5-1 plan established on December 9, 2024. From a governance perspective, that adherence to a preset trading plan and prompt Form 4 reporting aligns with best practices for executive trading transparency. The Form shows no related-party or derivative maneuvers and leaves a substantial remaining beneficial stake of 241,996 shares, which maintains alignment with shareholder interests.

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
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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).

X

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

SUITE 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 Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2025

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	08/07/2025		S(1)		3,200	D	$6.509	241,996	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

Explanation of Responses:

1. This sale was made pursuant to a plan intended to comply with Rule 10b5-1(c), previously entered into on December 9, 2024, at which time Mr. Korn was not aware of material nonpublic information.

	/s/ Jeffery G. Korn	08/11/2025
	** 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.
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.

FAQ

What did Jeffery G. Korn sell according to the CXDO Form 4?

Mr. Korn sold 3,200 shares of Crexendo common stock on 08/07/2025 at a reported price of $6.509 per share.

How many Crexendo (CXDO) shares does the CEO own after the sale?

Following the reported transaction Mr. Korn beneficially owned 241,996 shares according to the Form 4.

Was the sale pre-planned under a 10b5-1 trading plan?

Yes. The sale was made pursuant to a Rule 10b5-1(c) plan entered on December 9, 2024, and the form states he was not aware of material nonpublic information when the plan was entered.

Does the Form 4 report any derivative transactions for CXDO?

No. Table II in the Form 4 contains no entries; no derivative securities (options, warrants, or convertible instruments) are reported.

What is Jeffery Korn’s role at Crexendo as listed on the Form 4?

The Form 4 identifies him as an Officer with the title Chief Executive Officer.