Crexendo (NASDAQ: CXDO) CEO trades shares, retains 208,615-share stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported multiple transactions in the company’s common stock. He completed open-market sales totaling 40,000 shares at prices of $9.00, $8.50 and $8.1565 per share, and now holds 208,615 shares directly. In connection with restricted stock units (RSUs), 278 RSUs were converted into common shares at a $0.00 exercise price, with 68 of those shares withheld to cover payroll taxes at a price of $8.17 per share; the filing notes this tax withholding does not represent a sale. After these transactions, he also holds 9,167 RSUs, which vest in equal monthly installments over 36 months starting on March 4, 2026, with delivery of shares upon vesting. One of the reported sales was carried out under a pre-arranged Rule 10b5-1(c) trading plan entered into on December 9, 2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 40,000 shares ($338,130)
Net Sell
6 txns
Insider
KORN JEFFREY G
Role
Chief Executive Officer
Sold
40,000 shs ($338K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 278 | $0.00 | -- |
| Exercise | Common Stock | 278 | $0.00 | -- |
| Tax Withholding | Common Stock | 68 | $8.17 | $555.56 |
| Sale | Common Stock | 20,000 | $8.1565 | $163K |
| Sale | Common Stock | 10,000 | $8.50 | $85K |
| Sale | Common Stock | 10,000 | $9.00 | $90K |
Holdings After Transaction:
Restricted Stock Units — 9,167 shares (Direct, null);
Common Stock — 248,683 shares (Direct, null)
Footnotes (1)
- Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment. The Company withheld 68 shares of common stock for payment of the associated payroll taxes, using the closing stock price on May 4, 2026 of $8.17. This transaction does not represent a sale by the reporting person. 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. This sale was made pursuant to a plan intended to comply with Rule 10b5-1(c), previously entered into on December 9, 2024, at which time Mr. Korn was not aware of material nonpublic information. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.134 to $8.179. Details can be provided upon request.
Key Figures
Shares sold: 40,000 shares
Sale prices: $9.00, $8.50, $8.1565 per share
Shares held after: 208,615 shares
+4 more
7 metrics
Shares sold
40,000 shares
Total Crexendo common stock sold in open-market transactions
Sale prices
$9.00, $8.50, $8.1565 per share
Per-share prices for the three reported common stock sales
Shares held after
208,615 shares
Direct Crexendo common stock holdings following transactions
RSUs outstanding
9,167 RSUs
Restricted Stock Units held after derivative transaction
RSUs converted
278 RSUs
RSUs exercised into Crexendo common stock at $0.00 exercise price
Tax-withheld shares
68 shares at $8.17
Shares withheld to cover payroll taxes on May 4, 2026
RSU vesting period
36 months
Equal monthly RSU vesting starting March 4, 2026
Key Terms
Restricted Stock Units, Rule 10b5-1(c), tax-withholding disposition, weighted average price, +1 more
5 terms
Restricted Stock Units financial
"Each RSU represents the right to receive, upon vesting, one share of CXDO common stock"
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.
Rule 10b5-1(c) regulatory
"This sale was made pursuant to a plan intended to comply with Rule 10b5-1(c)"
Rule 10b5-1(c) is an SEC guideline that lets company insiders set up a written, pre-planned schedule to buy or sell their company stock when they are not in possession of material, nonpublic information. For investors, it matters because such plans can reduce the appearance of insider trading by separating decisions from inside knowledge—like putting your trades on autopilot—while also requiring scrutiny since pre-planned trades can still affect market confidence and share value.
tax-withholding disposition financial
"The Company withheld 68 shares of common stock for payment of the associated payroll taxes"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
weighted average price financial
"The reported price in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
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.
FAQ
What insider transactions did CXDO CEO Jeffrey G. Korn report?
Jeffrey G. Korn reported open-market sales of 40,000 Crexendo common shares, exercises of 278 restricted stock units into common stock, and a tax-withholding disposition of 68 shares. These transactions together adjust his direct holdings and outstanding RSUs.
What is the vesting schedule for Jeffrey Korn’s Crexendo RSUs?
The filing states that the CEO’s RSUs vest in equal monthly installments over 36 months, beginning on March 4, 2026. Shares will be delivered upon vesting, assuming Mr. Korn’s continuous employment with Crexendo throughout the vesting period.