Crexendo (NASDAQ: CXDO) CFO reports RSU vesting and tax withholding
Rhea-AI Filing Summary
Crexendo, Inc. (CXDO) reported that Chief Financial Officer Ron Vincent had Restricted Stock Units (RSUs) vest and convert into common stock on August 25 and August 27, 2026. A total of 1,666 RSUs were exercised into an equal number of common shares, and the company withheld 707 shares of common stock at prices of $6.31 and $6.42 per share to cover associated payroll taxes. The tax-withholding transactions are explicitly stated as not representing sales by the reporting person. The RSU awards vest in equal monthly installments over 36 months from grant-specific start dates in March 2025, October 2025 and June 2026, subject to continued employment.
Positive
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Insider Trade Summary
Net Buyer: 959 shares
Net Buy
9 txns
Insider
Vincent Ron
Role
Chief Financial 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 | 471 | $6.42 | $3K |
| Exercise | Restricted Stock Units F1, F4 | 278 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F5 | 277 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 278 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 118 | $6.31 | $744.58 |
| Exercise | Common Stock F1 | 277 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 118 | $6.31 | $744.58 |
Holdings After Transaction:
Restricted Stock Units — 48,616 shares (Direct);
Common Stock — 131,785 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 118 shares of common stock for payment of the associated payroll taxes, using the closing stock price on August 25, 2026 of $6.31. This transaction does not represent a sale by the reporting person.
- F3. The Company withheld 471 shares of common stock for payment of the associated payroll taxes, using the closing stock price on August 27, 2026 of $6.42. This transaction does not represent a sale by the reporting person.
- F4. The RSUs 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 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 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
RSUs exercised into common stock: 1,666 shares
Shares withheld for payroll taxes: 707 shares
Tax-withholding price August 25, 2026: $6.31 per share
+2 more
5 metrics
RSUs exercised into common stock
1,666 shares
Total RSUs converted to common stock on August 25 and 27, 2026
Shares withheld for payroll taxes
707 shares
Common shares withheld to pay associated payroll taxes on August 25 and 27, 2026
Tax-withholding price August 25, 2026
$6.31 per share
Closing stock price used to withhold 118 shares of common stock for payroll taxes
Tax-withholding price August 27, 2026
$6.42 per share
Closing stock price used to withhold 471 shares of common stock for payroll taxes
RSU vesting period per grant
36 months
Each RSU grant vests in equal monthly installments over 36 months from its start date
Key Terms
Restricted Stock Units, withheld, payroll taxes, 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.
withheld financial
"The Company withheld 118 shares of common stock for payment of"
payroll taxes financial
"for payment of the associated payroll taxes, using the closing stock"
vest in equal monthly installments financial
"The RSUs vest in equal monthly installments over 36 months starting"
FAQ
What insider transactions did CXDO’s CFO Ron Vincent report on this Form 4?
Ron Vincent reported RSUs vesting and converting into 1,666 shares of Crexendo common stock on August 25 and 27, 2026, plus company withholding of 707 shares to cover payroll taxes. The withholding entries are coded as tax payments and not as sales by him.
How many RSUs vested for the CXDO CFO in the reported period?
In total, 1,666 Restricted Stock Units vested and were exercised into an equal number of Crexendo common shares: 278 RSUs, 277 RSUs on August 25, 2026, and 1,111 RSUs on August 27, 2026, each RSU delivering one share of common stock upon vesting.
What are the vesting schedules for the CXDO RSUs reported by the CFO?
The RSUs vest in equal monthly installments over 36 months. One grant started vesting on March 25, 2025, another on October 25, 2025, and another on June 27, 2026. Vesting is contingent on continuous employment, and shares are delivered upon each vesting date.
Does this CXDO Form 4 indicate open-market buying or selling by the CFO?
No. The Form 4 shows RSU vesting and share delivery plus share withholding for payroll taxes. Footnotes state that the 118-share and 471-share dispositions are company withholding for tax payment and do not represent sales by the reporting person.
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