Crexendo (CXDO) COO exercises 12,000 stock options at $2.25 per share

Rhea-AI Filing Summary

Crexendo, Inc. Chief Operating Officer Douglas Walter Gaylor reported an option exercise on January 12, 2026. He exercised 12,000 stock options at an exercise price of $2.25 per share, receiving 12,000 shares of common stock. Following the transaction, he directly owned 262,599 shares of Crexendo common stock. The related stock option grant, which vested over 36 equal monthly installments beginning March 12, 2019, now shows 0 derivative securities beneficially owned after this exercise.

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^*

Gaylor Douglas Walter

(Last) (First) (Middle)

1225 W WASHINGTON ST

STE 213

(Street)

TEMPE AZ 85288

(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 Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/12/2026

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	01/12/2026		M		12,000	A	$2.25	262,599	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
Stock Options	$2.25	01/12/2026		M			12,000	(1)	02/12/2026	Common Stock	12,000	$2.25	0	D

Explanation of Responses:

1. The stock options vested over 36 equal monthly installments that began on 3/12/2019.

	/s/Douglas Walter Gaylor	01/14/2026
	** 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 insider transaction did Crexendo (CXDO) report for Douglas Walter Gaylor?

Crexendo reported that Chief Operating Officer Douglas Walter Gaylor exercised 12,000 stock options on January 12, 2026, acquiring 12,000 shares of common stock at $2.25 per share.

How many Crexendo (CXDO) shares does Douglas Walter Gaylor own after the Form 4 transaction?

After the reported transaction, Douglas Walter Gaylor directly owns 262,599 shares of Crexendo common stock, as shown in the Form 4.

What was the exercise price of the Crexendo options in this Form 4?

The stock options reported in the Form 4 had an exercise price of $2.25 per share, and 12,000 options were exercised at that price.

What happened to the Crexendo stock options after Douglas Gaylor’s exercise?

Following the January 12, 2026 transaction, the Form 4 shows 0 derivative securities (stock options) beneficially owned by Douglas Walter Gaylor from this grant.

How many Crexendo shares underlay the stock options exercised in this Form 4?

The stock options exercised by Douglas Walter Gaylor were exercisable for 12,000 shares of Crexendo common stock, matching the number of shares acquired.

What was the vesting schedule for the Crexendo options in Douglas Gaylor’s Form 4?

According to the footnote, the stock options vested over 36 equal monthly installments that began on March 12, 2019.