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Crexendo (CXDO) COO receives 1,666 RSU shares, 456 withheld for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Crexendo, Inc. (CXDO) reported that Chief Operating Officer Gaylor Douglas Walter had multiple equity compensation-related transactions. On August 25 and 27, 2026, he exercised or converted Restricted Stock Units (RSUs) into a total of 1,666 shares of Crexendo common stock at a conversion price of $0.00 per share, with each RSU representing one share upon vesting. In connection with these vestings, the company withheld 456 shares of common stock at prices of $6.31 and $6.42 per share to pay associated payroll taxes; the filing states these withholding transactions do not represent sales by the reporting person. The RSU grants referenced vest in equal monthly installments over 36 months starting on March 25, October 25, 2025, and June 27, 2026, subject to continued employment, with shares delivered upon each vesting.

Positive

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Negative

  • None.
Insider Gaylor Douglas Walter
Role Chief Operating 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 304 $6.42 $2K
Exercise Restricted Stock Units F1, F4 278 $0.00 $0.00
Exercise Restricted Stock Units F1, F5 277 $0.00 $0.00
Tax Withholding Common Stock F2 76 $6.31 $479.56
Exercise Common Stock F1 277 $0.00 $0.00
Tax Withholding Common Stock F2 76 $6.31 $479.56
Exercise Common Stock F1 278 $0.00 $0.00
Holdings After Transaction: Restricted Stock Units — 48,616 shares (Direct); Common Stock — 237,945 shares (Direct)
Footnotes (6)
  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 76 shares of common stock for payment of the associated payroll taxes, using the closing stock price on August 25, 2026 of $6.31. This transaction does not represent a sale by the reporting person.
  3. F3. The Company withheld 304 shares of common stock for payment of the associated payroll taxes, using the closing stock price on August 27, 2026 of $6.42. This transaction does not represent a sale by the reporting person.
  4. F4. 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.
  5. F5. 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.
  6. F6. The RSUs 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.
Total RSU underlying shares converted 1,666 shares RSU exercises/conversions into common stock reported on July 25, August 25, and August 27, 2026
Shares withheld for payroll taxes 456 shares Code F transactions used to pay associated payroll taxes on August 25 and 27, 2026
Tax withholding price August 25, 2026 $6.31 per share Company withheld 76 shares (twice) for payroll taxes using closing stock price
Tax withholding price August 27, 2026 $6.42 per share Company withheld 304 shares for payroll taxes using closing stock price
Single RSU conversion block 1,111 shares RSUs converted into common stock on August 27, 2026 at $0.00 conversion price
Additional RSU conversion blocks 278 shares; 277 shares RSUs converted into common stock on August 25, 2026 at $0.00 conversion price
RSU vesting period 36 months RSUs vest in equal monthly installments over 36 months for each grant
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.
equal monthly installments financial
"The RSUs vest in equal monthly installments over 36 months"
withheld 304 shares of common stock financial
"The Company withheld 304 shares of common stock for payment"
payroll taxes financial
"for payment of the associated payroll taxes, using the closing"
Exercise or conversion of derivative security financial
"transaction_code_description":"Exercise or conversion of derivative security"

FAQ

What insider transactions did CXDO's COO report on this Form 4?
The COO, Gaylor Douglas Walter, reported exercises/conversions of RSUs into 1,666 shares of Crexendo common stock on July 25, August 25, and August 27, 2026, along with share withholdings to cover payroll taxes related to these vestings.

How many Crexendo (CXDO) RSUs were converted to common stock in these transactions?
RSU conversions covered 1,666 shares of Crexendo common stock, including 1,111, 278, and 277 underlying shares from separate RSU grants. Each RSU represents the right to receive one share of CXDO common stock upon vesting, contingent on continued employment.

Were any of the CXDO Form 4 transactions open-market sales by the COO?
No. The filing states the company withheld 76 and 304 shares at $6.31 and $6.42 per share, respectively, to pay payroll taxes. It explicitly notes these withholding transactions do not represent sales by the reporting person.

What are the vesting schedules of the RSUs reported by CXDO's COO?
The RSUs vest in equal monthly installments over 36 months. The referenced grants begin vesting on March 25, 2025, October 25, 2025, and June 27, 2026, respectively, subject to continuous employment, with shares delivered upon each vesting date.

Does Crexendo (CXDO)'s Form 4 indicate the use of a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 affirmation box is not checked, and the footnotes describe RSU vesting and tax withholdings, not pre-arranged trading plan activity.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Gaylor Douglas Walter
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Operating Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/25/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock07/25/2026M278A$0(1)237,013D
Common Stock08/25/2026F(2)76D$6.31236,937D
Common Stock08/25/2026M277A$0(1)237,214D
Common Stock08/25/2026F(2)76D$6.31237,138D
Common Stock08/27/2026M1,111A$0(1)238,249D
Common Stock08/27/2026F(3)304D$6.42237,945D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$0(1)08/25/2026M278 (4) (4)Common Stock278$05,002D
Restricted Stock Units$0(1)08/25/2026M277 (5) (5)Common Stock277$06,946D
Restricted Stock Units$0(1)08/27/2026M1,111 (6) (6)Common Stock1,111$036,668D
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 76 shares of common stock for payment of the associated payroll taxes, using the closing stock price on August 25, 2026 of $6.31. This transaction does not represent a sale by the reporting person.
3. The Company withheld 304 shares of common stock for payment of the associated payroll taxes, using the closing stock price on August 27, 2026 of $6.42. This transaction does not represent a sale by the reporting person.
4. 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.
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.
6. The RSUs 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.
/s/Douglas Walter Gaylor08/27/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR