Crexendo (CXDO) director nets 6,951 shares in option exercise

Rhea-AI Filing Summary

Crexendo, Inc. director David Roy Williams reported a net exercise of stock options and an increase in his common share holdings. On January 15, 2026, he exercised 10,000 non-qualified stock options at an exercise price of $2.25 per share, receiving common stock instead of cash.

According to the footnote, this was a “net exercise”: Williams received 6,951 shares of common stock, while the company withheld 3,049 shares to cover the exercise price using the $7.38 closing stock price on that date. The filing states this does not represent a sale by Williams. After these transactions, he directly owns 41,085 shares of Crexendo common stock.

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^*

Williams David Roy

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

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	01/15/2026		M		10,000	A	$2.25	44,134	D
Common Stock	01/15/2026		F(1)		3,049	D	$7.38	41,085	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
Non-Qualified Stock Options	$2.25	01/15/2026		M			10,000	03/12/2019	02/12/2026	Common Stock	10,000	$2.25	0	D

Explanation of Responses:

1. Represents a "net exercise" of outstanding stock options. The reporting person received 6,951 shares of common stock on net exercise of option to purchase 10,000 shares of common stock. The Company withheld 3,049 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on January 15, 2026 of $7.38, This transaction does not represent a sale by the reporting person.

	/s/David R. Williams	01/22/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Crexendo (CXDO) director David Roy Williams report?

David Roy Williams reported exercising 10,000 non-qualified stock options for Crexendo, Inc. (CXDO) on January 15, 2026, receiving common shares through a net exercise rather than taking cash.

Did the Crexendo (CXDO) Form 4 show an open-market sale by the director?

No. The footnote explains the transaction as a net exercise of options. The company withheld 3,049 shares to cover the exercise price using the $7.38 closing stock price, and the filing states this does not represent a sale by David Roy Williams.

How many Crexendo (CXDO) shares did the director receive and how many were withheld?

On net exercise of options to purchase 10,000 shares, David Roy Williams received 6,951 shares of common stock. The company withheld 3,049 shares of common stock to pay the exercise price, based on the $7.38 closing stock price on January 15, 2026.

What is David Roy Williams’ Crexendo (CXDO) common stock ownership after this Form 4 transaction?

Following the reported transactions on January 15, 2026, David Roy Williams directly owns 41,085 shares of Crexendo common stock, as shown in the Form 4.

What type of derivative security did the Crexendo (CXDO) director exercise?

He exercised non-qualified stock options with an exercise price of $2.25 per share, covering 10,000 underlying shares of Crexendo common stock. After this exercise, the Form 4 shows 0 such options remaining beneficially owned.

What does a net exercise of stock options mean in this Crexendo (CXDO) filing?

In this case, a net exercise means David Roy Williams used part of the option shares themselves to cover the exercise cost. He exercised options for 10,000 shares, received 6,951 shares, and the company withheld 3,049 shares to pay the exercise price using the $7.38 closing stock price on January 15, 2026.