Crexendo CEO acquires 1,667 shares from stock awards

Company payroll-tax withholding is reported separately from share acquisitions, and the footnotes state it did not represent sales by the CEO.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Crexendo, Inc. (CXDO) Chief Executive Officer Jeffrey G. Korn reported RSU conversions and acquisition of 1,667 common shares: two reported acquisitions of 278 shares each on October 25, 2026, and 1,111 shares on October 27, 2026. The Company withheld 407 shares for payroll taxes, including two 68-share entries on October 25 and 271 shares on October 27, using closing stock prices of $5.75 and $5.90, respectively. The footnotes state these withholdings were not sales by Korn. The RSUs vest in equal monthly installments over 36 months, subject to continuous employment.

Insider Trade Summary

1,667 shares exercised/converted

Exercise 9 txns

Insider KORN JEFFREY G

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units ^{F1, F6}	1,111	$0.00	$0.00
Exercise	Common Stock ^F1	1,111	$0.00	$0.00
Tax Withholding	Common Stock ^F3	271	$5.90	$2K
Exercise	Restricted Stock Units ^{F1, F4}	278	$0.00	$0.00
Exercise	Restricted Stock Units ^{F1, F5}	278	$0.00	$0.00
Exercise	Common Stock ^F1	278	$0.00	$0.00
Tax Withholding	Common Stock ^F2	68	$5.75	$391.00
Exercise	Common Stock ^F1	278	$0.00	$0.00
Tax Withholding	Common Stock ^F2	68	$5.75	$391.00

Holdings After Transaction: Restricted Stock Units — 45,282 contracts (Direct); Common Stock — 240,325 shares (Direct)

Footnotes (6)

F1. Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
F2. The Company withheld 68 shares of common stock for payment of the associated payroll taxes, using the closing stock price on October 25, 2026 of $5.75. This transaction does not represent a sale by the reporting person
F3. The Company withheld 271 shares of common stock for payment of the associated payroll taxes, using the closing stock price on October 27, 2026 of $5.90. This transaction does not represent a sale by the reporting person
F4. The RSUs will vest in equal monthly installments over 36 months starting on March 25, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
F5. The RSUs will vest in equal monthly installments over 36 months starting on October 25, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
F6. The RSUs will vest in equal monthly installments over 36 months starting on June 27, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

Key Figures

RSU shares acquired: 1,667 shares Shares withheld for payroll taxes: 407 shares RSU conversion: 278 shares each +5 more

8 metrics

RSU shares acquired 1,667 shares Across reported transactions on October 25 and October 27, 2026

Shares withheld for payroll taxes 407 shares Across reported transactions on October 25 and October 27, 2026

RSU conversion 278 shares each Two reported transactions on October 25, 2026

RSU conversion 1,111 shares October 27, 2026

Payroll-tax withholding 68 shares each Two reported transactions on October 25, 2026

Payroll-tax withholding 271 shares October 27, 2026

Closing stock price used for withholding $5.75 per share October 25, 2026

Closing stock price used for withholding $5.90 per share October 27, 2026

Key Terms

Restricted Stock Units, vesting, payroll taxes

3 terms

Restricted Stock Units technical

"Restricted Stock Units"

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.

vesting technical

"upon vesting, one share of CXDO common stock"

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 RSU conversions?

Jeffrey G. Korn acquired 1,667 shares of Crexendo common stock through RSU conversions: two reported acquisitions of 278 shares each on October 25, 2026, and 1,111 shares on October 27, 2026. Each RSU represents the right to receive one common share upon vesting.

How many shares did Crexendo withhold for Jeffrey G. Korn's payroll taxes?

Crexendo withheld 407 shares for associated payroll taxes. The reported entries include two 68-share withholdings on October 25, 2026, using a closing stock price of $5.75, and a 271-share withholding on October 27, 2026, using a closing stock price of $5.90. The footnotes state these were not sales by Korn.

When do Jeffrey G. Korn's CXDO RSUs vest?

The RSUs vest in equal monthly installments over 36 months, subject to continuous employment, with shares delivered upon vesting. The two 278-share entries have vesting schedules beginning March 25, 2025, and October 25, 2025; the 1,111-share entry has a schedule beginning June 27, 2026.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Available on EDGAR 10/27/2026 - 08:42 PM EDT Accepted by SEC EDGAR 10/27/2026 - 08:41 PM EDT

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)
10/25/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/25/2026		M		278	A	$0⁽¹⁾	239,343	D
Common Stock	10/25/2026		F⁽²⁾		68	D	$5.75	239,275	D
Common Stock	10/25/2026		M		278	A	$0⁽¹⁾	239,553	D
Common Stock	10/25/2026		F⁽²⁾		68	D	$5.75	239,485	D
Common Stock	10/27/2026		M		1,111	A	$0⁽¹⁾	240,596	D
Common Stock	10/27/2026		F⁽³⁾		271	D	$5.9	240,325	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0⁽¹⁾	10/25/2026		M			278	⁽⁴⁾	⁽⁴⁾	Common Stock	278	$0	4,446	D
Restricted Stock Units	$0⁽¹⁾	10/25/2026		M			278	⁽⁵⁾	⁽⁵⁾	Common Stock	278	$0	6,390	D
Restricted Stock Units	$0⁽¹⁾	10/27/2026		M			1,111	⁽⁶⁾	⁽⁶⁾	Common Stock	1,111	$0	34,446	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 25, 2026 of $5.75. This transaction does not represent a sale by the reporting person

3. The Company withheld 271 shares of common stock for payment of the associated payroll taxes, using the closing stock price on October 27, 2026 of $5.90. This transaction does not represent a sale by the reporting person

4. The RSUs will vest in equal monthly installments over 36 months starting on March 25, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

5. The RSUs will vest in equal monthly installments over 36 months starting on October 25, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

6. The RSUs will vest in equal monthly installments over 36 months starting on June 27, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

	/s/ Jeffery G. Korn	10/27/2026
	** 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)

Source: View Original Filing on SEC EDGAR