RSU vesting leaves Crexendo (CXDO) CFO holding 173,009 common shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Crexendo, Inc. Chief Financial Officer Vincent Ron reported routine equity award activity involving restricted stock units and common stock. On February 25, 2026, he acquired 278 shares of common stock through derivative exercise/conversion transactions at $0.00 per share, reflecting RSUs settling into stock.

The company withheld 91 shares of common stock, using a closing price of $5.84, to pay associated payroll taxes, and the disclosure specifies these tax-withholding dispositions do not represent sales by Ron. After these transactions, he directly holds 173,009 shares of Crexendo common stock.

The RSUs referenced vest in equal monthly installments over 36 months starting on March 25, 2025 and October 25, 2025, subject to continuous employment, with one share of CXDO common stock delivered for each RSU upon vesting.

Insider Trade Summary

278 shares exercised/converted

Mixed 6 txns

Insider Vincent Ron

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Restricted Stock Units	278	$0.00	--
Exercise	Restricted Stock Units	278	$0.00	--
Exercise	Common Stock	278	$0.00	--
Tax Withholding	Common Stock	91	$5.84	$531.44
Exercise	Common Stock	278	$0.00	--
Tax Withholding	Common Stock	91	$5.84	$531.44

Holdings After Transaction: Restricted Stock Units — 6,668 shares (Direct); Common Stock — 172,913 shares (Direct)

Footnotes (1)

Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment. The Company withheld 91 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. 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. The Company withheld 91 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. 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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/27/2026 - 07:25 PM

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^*

Vincent Ron

(Last)

(First)

(Middle)

1225 W WASHINGTON ST

STE 213

(Street)

TEMPE

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 Financial 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/25/2026		M		278	A	$0⁽¹⁾	172,913	D
Common Stock	02/25/2026		F⁽²⁾		91	D	$5.84	172,822	D
Common Stock	02/25/2026		M		278	A	$0⁽¹⁾	173,100	D
Common Stock	02/25/2026		F⁽⁴⁾		91	D	$5.84	173,009	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0⁽¹⁾	02/25/2026		F⁽¹⁾			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 91 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 91 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/Ron Vincent	02/27/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Crexendo (CXDO) CFO Vincent Ron report?

Crexendo CFO Vincent Ron reported RSU-related transactions that converted into common stock and associated tax-withholding. He exercised derivative securities into 278 common shares and had 91 shares withheld for payroll taxes, a non-sale disposition, while retaining direct ownership of 173,009 common shares.

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

The filing states the CFO did not sell shares in an open-market transaction. Instead, the company withheld 91 shares at a $5.84 closing price to cover payroll taxes, and it explicitly notes these tax-withholding dispositions do not represent sales by the reporting person.

How many Crexendo (CXDO) shares does the CFO own after the reported transactions?

After the reported RSU exercises and tax-withholding, the CFO directly owns 173,009 shares of Crexendo common stock. This figure reflects the net position following derivative exercises, conversions of restricted stock units, and company share withholdings for associated payroll tax obligations.

What are the terms of the Crexendo (CXDO) restricted stock units held by the CFO?

Each Crexendo RSU gives the CFO one share of CXDO common stock upon vesting, contingent on continued employment. The RSUs vest in equal monthly installments over 36 months starting on March 25, 2025 and October 25, 2025, with shares delivered at each vesting date.

Why did Crexendo (CXDO) withhold 91 shares from the CFO in this Form 4?

Crexendo withheld 91 common shares to pay payroll taxes tied to RSU vesting, using the $5.84 closing stock price on February 25, 2026. The disclosure clarifies that this tax-withholding disposition is strictly for tax payment and does not constitute a sale by the CFO.

What transaction codes appear in the Crexendo (CXDO) CFO’s Form 4, and what do they mean?

The Form 4 shows code M for exercise or conversion of derivative securities and code F for tax-withholding dispositions. Code M reflects RSUs converting into common stock, while code F represents shares withheld by the company to satisfy payroll tax liabilities related to those equity awards.