Crexendo (CXDO) CEO logs RSU share delivery and tax-related withholdings

Rhea-AI Filing Summary

Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported routine equity compensation activity involving restricted stock units (RSUs) that vested into common shares on February 25, 2026. He acquired a total of 556 shares of common stock through derivative exercises converting RSUs into shares at a stated price of $0.00 per share.

In connection with these vesting events, the company withheld 82 shares and 83 shares of common stock, respectively, using a closing stock price of $5.84 on February 25, 2026 to cover associated payroll taxes. Footnotes clarify these withholdings are tax-related and do not represent open-market sales by the reporting person. Following the transactions, Korn directly held 239,582 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^*

KORN JEFFREY G

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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	02/25/2026		M		278	A	$0(1)	239,469	D
Common Stock	02/25/2026		F(2)		82	D	$5.84	239,387	D
Common Stock	02/25/2026		M		278	A	$0(1)	239,665	D
Common Stock	02/25/2026		F(4)		83	D	$5.84	239,582	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)	02/25/2026		M			278	(3)	(3)	Common Stock	278	$0	6,668	D
Restricted Stock Units	$0(1)	02/25/2026		M			278	(5)	(5)	Common Stock	278	$0	8,612	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 82 shares of common stock for payment of the associated payroll taxes, using the closing stock price on February 25, 2026 of $5.84. This transaction does not represent a sale by the reporting person.

3. 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.

4. The Company withheld 83 shares of common stock for payment of the associated payroll taxes, using the closing stock price on February 25, 2026 of $5.84. This transaction does not represent a sale by the reporting person.

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.

	/s/ Jeffery G. Korn	02/27/2026
	** 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 transactions did Crexendo (CXDO) CEO Jeffrey Korn report on February 25, 2026?

Jeffrey Korn reported RSU vesting that converted into Crexendo common stock on February 25, 2026. Two blocks of 278 RSUs each settled into 556 total shares, reflecting ongoing equity compensation tied to continued employment and scheduled vesting terms.

Did the Crexendo (CXDO) CEO sell shares in this Form 4 filing?

The filing shows no open-market sales by the CEO. Shares labeled with transaction code “F” were withheld by the company, 82 and 83 shares respectively, solely to pay payroll taxes and are explicitly described as not representing sales by the reporting person.

How many Crexendo (CXDO) shares did the CEO acquire through RSU vesting?

The CEO acquired 556 shares of Crexendo common stock through the exercise or conversion of restricted stock units. Two separate 278-share RSU tranches vested and delivered shares, consistent with the company’s equity compensation structure and the RSUs’ vesting schedules.

What tax-withholding transactions are disclosed in this Crexendo (CXDO) Form 4?

The company withheld 82 shares and 83 shares of Crexendo common stock to cover payroll taxes related to RSU vesting. These withholdings used a closing stock price of $5.84 on February 25, 2026, and are noted as not sales by the CEO.

What are the vesting terms of the Crexendo (CXDO) RSUs held by the CEO?

One RSU grant vests in equal monthly installments over 36 months starting March 25, 2025. Another vests monthly over 36 months starting October 25, 2025. In both cases, each RSU delivers one share of Crexendo common stock upon vesting, contingent on continuous employment.

How many Crexendo (CXDO) shares does the CEO hold after these transactions?

After the reported RSU conversions and tax withholdings, the CEO directly holds 239,582 shares of Crexendo common stock. This updated holding reflects both the newly delivered shares from vested RSUs and the small number of shares withheld to satisfy payroll tax obligations.