Crexendo (NASDAQ: CXDO) director Steven Mihaylo sells 17,068 common shares

Rhea-AI Filing Summary

Crexendo, Inc. director and more-than-10% owner Steven G. Mihaylo reported an open-market sale of 17,068 shares of common stock at an average price of $10.0925 per share. After this transaction, he directly holds 11,199,703 shares, indicating he continues to maintain a very large position in the company.

Insider Trade Summary

Net Seller: 17,068 shares ($172,259)

Net Sell 1 txn

Insider MIHAYLO STEVEN G

Role null

Sold 17,068 shs ($172K)

Type	Security	Shares	Price	Value
Sale	Common Stock	17,068	$10.0925	$172K

Holdings After Transaction: Common Stock — 11,199,703 shares (Direct, null)

Footnotes (1)

Key Figures

Shares sold: 17,068 shares Sale price: $10.0925 per share Shares held after transaction: 11,199,703 shares +1 more

4 metrics

Shares sold 17,068 shares Common Stock open-market sale

Sale price $10.0925 per share Price for Common Stock sale

Shares held after transaction 11,199,703 shares Total direct holdings following sale

Net shares sold 17,068 shares Net buy/sell shares in this Form 4

Key Terms

open-market sale, ten percent owner, Common Stock, Form 4

4 terms

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

ten percent owner financial

"is_ten_percent_owner: 1"

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

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^*

MIHAYLO STEVEN G

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/29/2026		S		17,068	D	$10.0925	11,199,703	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:

	/s/Steven G Mihaylo	06/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Crexendo (CXDO) report in this Form 4?

Crexendo reported an insider sale of common stock. Director and more-than-10% owner Steven G. Mihaylo executed an open-market sale of 17,068 Crexendo common shares, as disclosed in the Form 4 insider trading report filed with regulators.

How many Crexendo (CXDO) shares did Steven G. Mihaylo sell?

Steven G. Mihaylo sold 17,068 Crexendo shares. The Form 4 shows a single non-derivative transaction in common stock, reflecting an open-market sale of exactly 17,068 shares as part of his reported insider trading activity.

What price did the Crexendo (CXDO) insider receive per share?

The reported sale price was about $10.0925 per share. The Form 4 lists a transaction price per share of $10.0925 for the 17,068 Crexendo common shares sold in the open-market transaction by Steven G. Mihaylo.

How many Crexendo (CXDO) shares does Steven G. Mihaylo own after the sale?

He directly holds 11,199,703 Crexendo shares after the sale. The Form 4 states total shares following the reported transaction of 11,199,703 common shares, showing his remaining direct ownership position in Crexendo stock.

Is Steven G. Mihaylo considered a 10% owner of Crexendo (CXDO)?

Yes, the filing identifies him as a more-than-10% owner. In addition to serving as a director, the Form 4 metadata marks Steven G. Mihaylo as a ten percent owner, indicating significant equity ownership in Crexendo.

Was the Crexendo (CXDO) insider transaction an open-market sale?

Yes, it was classified as an open-market sale. The Form 4 transaction code is “S” and the description specifies an “open-market sale,” meaning the 17,068 Crexendo shares were sold in market or private transactions rather than through derivative exercises.