Crexendo Insider Filing: Chief Strategy Officer Reports RSU Grants, Withholdings

Rhea-AI Filing Summary

Anand Buch, Chief Strategy Officer of Crexendo, Inc. (CXDO), reported restricted stock unit (RSU) activity and related share withholdings on September 4–5, 2025. The filing shows grants of 2,083 RSUs on 09/04/2025 and 4,167 RSUs on 09/05/2025, each with $0 exercise price and vesting in equal quarterly installments over 12 quarters subject to continued employment. The company withheld 1,218 shares on 09/04/2025 and 1,959 shares on 09/05/2025 to cover payroll taxes using closing prices of $6.49 and $6.59. Following these transactions, Mr. Buch beneficially owned 563,042 shares of common stock and 25,000 RSUs.

Positive

• No open-market sales reported; withheld shares were used solely to satisfy payroll taxes, not a sale by the reporting person
• Long-term vesting schedule (quarterly over 12 quarters) aligns executive compensation with ongoing performance

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine equity compensation and tax-withholding activity; increases in vested alignment with management but no open-market sales.

The Form 4 documents RSU grants and tax-withholdings rather than discretionary market sales. The grants vest quarterly over three years, creating longer-term alignment of the Chief Strategy Officer with shareholder outcomes. Withholdings of 1,218 and 1,959 shares were executed to satisfy payroll taxes at closing prices of $6.49 and $6.59, respectively. The reporting shows total beneficial ownership of 563,042 common shares and 25,000 RSUs following the reported entries, indicating continued concentrated insider ownership but no disposition that would signal liquidity-taking.

Corporate Governance Expert

TL;DR: Standard compensation disclosure; vesting schedule and tax-withholding are consistent with routine executive equity awards.

The filing discloses conditional RSUs that vest in equal quarterly installments over 12 quarters, subject to service. Withholding of shares to satisfy payroll taxes is explicitly noted as not representing a sale by the reporting person. These details conform to typical executive equity compensation practices and provide transparency on dilution timing and insider alignment. No changes in control, option exercises for cash, or market sales by the reporting person are reported.

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^*

Buch Anand

(Last) (First) (Middle)

8910 UNIVERSITY CENTER LANE

STE 400

(Street)

SAN DIEGO CA 92122

(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 Strategy Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/04/2025

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	09/04/2025		M		2,083	A	$0(1)	562,052	D
Common Stock	09/04/2025		F(2)		1,218	D	$6.49	560,834	D
Common Stock	09/05/2025		M		4,167	A	$0(1)	565,001	D
Common Stock	09/05/2025		F(4)		1,959	D	$6.59	563,042	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)	09/04/2025		M			2,083	(3)	(3)	Common Stock	2,083	$0	20,834	D
Restricted Stock Units	$0(1)	09/05/2025		M			4,167	(5)	(5)	Common Stock	4,167	$0	25,000	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 1,218 shares of common stock for payment of the associated payroll taxes, using the closing stock price on September 4, 2025 of $6.49. This transaction does not represent a sale by the reporting person.

3. The RSUs will vest in equal quarterly installments over 12 quarters starting on June 4, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

4. The Company withheld 1,959 shares of common stock for payment of the associated payroll taxes, using the closing stock price on September 5, 2025 of $6.59. This transaction does not represent a sale by the reporting person.

5. The RSUs vest in equal quarterly installments over 12 quarters starting on June 5, 2024 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

	/s/ Anand Buch	09/08/2025
	** 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 transactions did CXDO insider Anand Buch report on Form 4?

The Form 4 reports grants of 2,083 RSUs (09/04/2025) and 4,167 RSUs (09/05/2025), plus share withholdings of 1,218 and 1,959 shares to cover payroll taxes.

How many CXDO shares does Anand Buch beneficially own after these transactions?

Following the reported transactions, the filing shows 563,042 shares of common stock beneficially owned and 25,000 RSUs.

Were any shares sold by the reporting person in these transactions?

No. The filing states the withheld shares were used to pay payroll taxes and explicitly notes those withholdings do not represent a sale by the reporting person.

What are the vesting terms for the RSUs reported by CXDO?

The RSUs vest in equal quarterly installments over 12 quarters, subject to continuous employment, with shares delivered upon vesting.

At what prices were the withheld shares valued for tax withholding?

Withholdings used the closing stock prices of $6.49 on 09/04/2025 and $6.59 on 09/05/2025 to determine the number of shares withheld.