Crexendo COO Exercises 278 RSUs, Shares Withheld for Tax

Crexendo Chief Operating Officer Douglas Walter Gaylor reported the vesting and conversion of 278 Restricted Stock Units into an equal number of common shares on August 4, 2026.

Rhea-AI Filing Summary

Crexendo Chief Operating Officer Douglas Walter Gaylor reported the vesting and conversion of 278 Restricted Stock Units into an equal number of common shares on August 4, 2026. To cover payroll taxes, the company withheld 77 shares valued at $7.47 per share, which was not treated as a sale by him. Following this event, he directly holds 8,334 RSUs that vest in equal monthly installments over 36 months starting March 4, 2026, contingent on continued employment.

Insider Trade Summary

278 shares exercised/converted

Exercise 3 txns

Insider Gaylor Douglas Walter

Role Chief Operating 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	77	$7.47	$575.19

Holdings After Transaction: Restricted Stock Units — 8,334 contracts (Direct); Common Stock — 236,735 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 77 shares of common stock for payment of the associated payroll taxes, using the closing stock price on August 4, 2026 of $7.47. This transaction does not represent a sale by the reporting person.
3. F3. The RSUs 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

RSUs converted to common stock: 278 shares Shares withheld for taxes: 77 shares Tax valuation price: $7.47 per share +3 more

6 metrics

RSUs converted to common stock 278 shares Restricted Stock Units converted into common stock on August 4, 2026

Shares withheld for taxes 77 shares Common shares withheld to satisfy payroll tax obligations

Tax valuation price $7.47 per share Closing stock price on August 4, 2026 used for tax withholding

Remaining RSUs 8,334 units Restricted Stock Units directly held after the August 4, 2026 vesting event

RSU vesting period 36 months RSUs vest in equal monthly installments over 36 months

Vesting start date March 4, 2026 Commencement date for the RSU monthly vesting schedule

Key Terms

Restricted Stock Units, payroll taxes, closing stock price, vest in equal monthly installments

4 terms

Restricted Stock Units financial

"Each RSU represents the right to receive, upon vesting, one share"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

payroll taxes financial

"withheld 77 shares of common stock for payment of the associated payroll taxes"

closing stock price financial

"using the closing stock price on August 4, 2026 of $7.47"

vest in equal monthly installments financial

"The RSUs vest in equal monthly installments over 36 months"

FAQ

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

What insider transactions did Crexendo (CXDO) COO Douglas Gaylor report on August 4, 2026?

Douglas Gaylor reported 278 Restricted Stock Units vesting into an equal number of Crexendo common shares on August 4, 2026. To cover payroll taxes, the company withheld 77 shares valued at $7.47 each, and this withholding was not reported as a sale by him.

How many Crexendo (CXDO) RSUs vested for Douglas Gaylor, and how many shares were withheld for taxes?

On August 4, 2026, 278 RSUs vested for COO Douglas Gaylor, delivering the same number of Crexendo common shares. Of those shares, the company withheld 77 to satisfy associated payroll tax obligations, as described in the footnotes to the reported transactions.

At what price were the withheld Crexendo (CXDO) shares valued for payroll tax purposes?

The 77 withheld Crexendo shares were valued using a closing stock price of $7.47 on August 4, 2026. That price was applied solely to determine the payroll tax withholding amount and does not reflect an open-market sale by Douglas Gaylor.

What is the vesting schedule for Douglas Gaylor’s RSUs at Crexendo (CXDO)?

Douglas Gaylor’s RSUs vest in equal monthly installments over 36 months, starting on March 4, 2026. Vesting is contingent on his continued employment, and shares of Crexendo common stock are delivered upon each vesting date under this schedule.

Were Douglas Gaylor’s Crexendo (CXDO) transactions made under a Rule 10b5-1 trading plan?

These transactions were not reported as being made under a Rule 10b5-1 trading plan. The reporting checkbox for Rule 10b5-1 status was not marked as an affirmative plan, indicating the activity was not carried out under such a pre-arranged program.

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

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Available on EDGAR 08/06/2026 - 06:44 PM Accepted by SEC EDGAR 08/06/2026 - 06:44 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^*

Gaylor Douglas Walter

(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 Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/04/2026

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	08/04/2026		M		278	A	$0(1)	236,812	D
Common Stock	08/04/2026		F(2)		77	D	$7.47	236,735	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)	08/04/2026		M			278	(3)	(3)	Common Stock	278	$0	8,334	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 77 shares of common stock for payment of the associated payroll taxes, using the closing stock price on August 4, 2026 of $7.47. 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 4, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

	/s/Douglas Walter Gaylor	08/06/2026
	** 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)