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Crexendo (CXDO) CFO discloses RSU vesting and stock tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Crexendo, Inc.’s Chief Financial Officer, Ron Vincent, reported changes in his ownership of CXDO common stock from restricted stock unit (RSU) vesting and related tax withholding. On December 4, 2025, 5,000 shares were acquired at $0 upon RSU vesting, and 1,368 shares were withheld by the company to cover payroll taxes at a closing price of $6.71. On December 5, 2025, an additional 4,166 shares vested at $0, and 1,140 shares were withheld at $6.64; the filing states these withholding transactions do not represent sales.

Following these transactions, Vincent directly beneficially owned 172,870 shares of Crexendo common stock. He also continues to hold 45,000 RSUs that vest in equal quarterly installments over 12 quarters starting on June 4, 2025, and 20,834 RSUs vesting in equal quarterly installments over 12 quarters starting on June 5, 2024, in each case contingent on continued employment, with shares delivered upon vesting.

Positive

  • None.

Negative

  • None.
Insider Vincent Ron
Role Chief Financial Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 4,166 $0.00 --
Exercise Common Stock 4,166 $0.00 --
Tax Withholding Common Stock 1,140 $6.64 $8K
Exercise Restricted Stock Units 5,000 $0.00 --
Exercise Common Stock 5,000 $0.00 --
Tax Withholding Common Stock 1,368 $6.71 $9K
Holdings After Transaction: Restricted Stock Units — 20,834 shares (Direct); Common Stock — 174,010 shares (Direct)
Footnotes (1)
  1. Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment. The Company withheld 1,368 shares of common stock for payment of the associated payroll taxes, using the closing stock price on December 4, 2025 of $6.71. This transaction does not represent a sale by the reporting person. The RSUs will vest in equal quarterly installments over 12 quarters starting on June 4, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting. The Company withheld 1,140 shares of common stock for payment of the associated payroll taxes, using the closing stock price on December 5, 2025 of $6.64. This transaction does not represent a sale by the reporting person. The RSUs vest in equal quarterly installments over 12 quarters starting on June 5, 2024 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
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Form 4 Insider Transactions: What Each Field Means →
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*
Vincent Ron
(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 Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
12/04/2025
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 12/04/2025 M 5,000 A $0(1) 171,212 D
Common Stock 12/04/2025 F(2) 1,368 D $6.71 169,844 D
Common Stock 12/05/2025 M 4,166 A $0(1) 174,010 D
Common Stock 12/05/2025 F(4) 1,140 D $6.64 172,870 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) 12/04/2025 M 5,000 (3) (3) Common Stock 5,000 $0 45,000 D
Restricted Stock Units $0(1) 12/05/2025 M 4,166 (5) (5) Common Stock 4,166 $0 20,834 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 1,368 shares of common stock for payment of the associated payroll taxes, using the closing stock price on December 4, 2025 of $6.71. This transaction does not represent a sale by the reporting person.
3. The RSUs will vest in equal quarterly installments over 12 quarters starting on June 4, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
4. The Company withheld 1,140 shares of common stock for payment of the associated payroll taxes, using the closing stock price on December 5, 2025 of $6.64. This transaction does not represent a sale by the reporting person.
5. The RSUs vest in equal quarterly installments over 12 quarters starting on June 5, 2024 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
/s/Ron Vincent 12/08/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider stock transactions did the Crexendo (CXDO) CFO report?

The Chief Financial Officer, Ron Vincent, reported the acquisition of Crexendo common stock through the vesting of restricted stock units (RSUs) on December 4, 2025 and December 5, 2025, along with share withholdings used to pay associated payroll taxes.

How many Crexendo (CXDO) shares vested for the CFO in December 2025?

On December 4, 2025, 5,000 shares of Crexendo common stock vested, and on December 5, 2025, an additional 4,166 shares vested, all at an exercise price of $0 per share as RSUs converted into common stock.

Why were some Crexendo (CXDO) shares withheld, and do these count as sales?

The company withheld 1,368 shares on December 4, 2025 at $6.71 and 1,140 shares on December 5, 2025 at $6.64 to pay payroll taxes related to RSU vesting. The filing explicitly states that these withholding transactions do not represent sales by the reporting person.

How many Crexendo (CXDO) shares does the CFO own after these transactions?

After the reported transactions, Ron Vincent beneficially owned 172,870 shares of Crexendo common stock in direct ownership, as shown in the post-transaction holdings column.

What RSU awards does the Crexendo (CXDO) CFO still hold and how do they vest?

The CFO holds 45,000 RSUs that vest in equal quarterly installments over 12 quarters starting on June 4, 2025, and 20,834 RSUs that vest in equal quarterly installments over 12 quarters starting on June 5, 2024. Each RSU represents the right to receive one share of CXDO common stock upon vesting, contingent on continued employment.

What does each Crexendo (CXDO) RSU represent for the CFO?

Each RSU reported represents the right to receive, upon vesting, one share of Crexendo (CXDO) common stock, contingent on the CFO’s continued employment, with shares delivered when the units vest.