Crexendo CEO Korn acquires 278 shares from stock awards

The chief executive’s RSUs vest in equal monthly installments over 36 months beginning March 4, 2026, subject to continuous employment.

Rhea-AI Filing Summary

Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported conversion of 278 restricted stock units into 278 common shares on October 4, 2026, subject to continuous employment. Crexendo withheld 68 shares for associated payroll taxes, using a closing price of $5.92 per share; the withholding was not a sale by Korn. His reported RSU balance after the transaction was 7,779. No Rule 10b5-1 plan is reported.

Insider Trade Summary

278 shares exercised/converted

Exercise 3 txns

Insider KORN JEFFREY G

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F1, F3	278	$0.00	$0.00
Exercise	Common Stock F1	278	$0.00	$0.00
Tax Withholding	Common Stock F2	68	$5.92	$402.56

Holdings After Transaction: Restricted Stock Units — 7,779 contracts (Direct); Common Stock — 239,065 shares (Direct)

Footnotes (3)

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 68 shares of common stock for payment of the associated payroll taxes, using the closing stock price on October 4, 2026 of $5.92. This transaction does not represent a sale by the reporting person.
3. F3. The RSUs will vest in equal monthly installments over 36 months starting on March 4, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

Key Figures

Restricted Stock Units converted: 278 restricted stock units Common shares acquired: 278 shares Shares withheld: 68 shares +2 more

5 metrics

Restricted Stock Units converted 278 restricted stock units October 4, 2026

Common shares acquired 278 shares Upon conversion of the RSUs on October 4, 2026

Shares withheld 68 shares Withheld for associated payroll taxes on October 4, 2026

Closing stock price $5.92 per share October 4, 2026; used for payroll-tax withholding

RSUs following transaction 7,779 restricted stock units Reported after the October 4, 2026 transaction

Key Terms

RSU, vesting, payroll taxes

3 terms

RSU technical

"Each RSU represents the right to receive"

Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.

vesting technical

"RSUs will vest in equal monthly installments"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

payroll taxes financial

"payment of the associated payroll taxes"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many CXDO shares did Jeffrey G. Korn receive from RSUs?

Jeffrey G. Korn received 278 shares of common stock when 278 RSUs were converted on October 4, 2026. The RSUs vest in equal monthly installments over 36 months beginning March 4, 2026, subject to continuous employment, and shares are delivered upon vesting.

Why were 68 CXDO shares withheld from Jeffrey G. Korn?

Crexendo withheld 68 shares to pay associated payroll taxes, using the October 4, 2026 closing stock price of $5.92 per share. The withholding transaction does not represent a sale by Jeffrey G. Korn.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/06/2026 - 08:38 PM Accepted by SEC EDGAR 10/06/2026 - 08:38 PM Learn about SEC filing dates

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^*

KORN JEFFREY 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/04/2026

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	10/04/2026		M		278	A	$0(1)	239,133	D
Common Stock	10/04/2026		F(2)		68	D	$5.92	239,065	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)	10/04/2026		M			278	(3)	(3)	Common Stock	278	$0	7,779	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 68 shares of common stock for payment of the associated payroll taxes, using the closing stock price on October 4, 2026 of $5.92. This transaction does not represent a sale by the reporting person.

3. The RSUs will vest in equal monthly installments over 36 months starting on March 4, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

	/s/ Jeffery G. Korn	10/06/2026
	** 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)