Crexendo COO RSUs vest, shares withheld for tax
Crexendo, Inc. Chief Operating Officer Douglas Walter Gaylor reported routine equity compensation activity.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Crexendo, Inc. Chief Operating Officer Douglas Walter Gaylor reported routine equity compensation activity. On July 4, 2026, 278 Restricted Stock Units converted into an equal number of common shares as part of his vesting schedule. To cover payroll taxes, the company withheld 77 common shares at a value of $7.62 per share; this was a tax-withholding disposition and not an open-market sale. Following these transactions, Gaylor directly holds 235,324 shares of common stock and 8,612 RSUs that may convert into additional shares as they vest.
Insider Trade Summary
278 shares exercised/converted
Exercise
3 txns
Insider
Gaylor Douglas Walter
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 278 | $0.00 | $0.00 |
| Exercise | Common Stock | 278 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 77 | $7.62 | $586.74 |
Holdings After Transaction:
Restricted Stock Units — 8,612 contracts (Direct);
Common Stock — 235,324 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 8,890 to 8,612 contracts (Direct);
Common Stock, 235,123 to 235,324 shares (Direct)
Footnotes (3)
- F1. Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
- F2. The Company withheld 77 shares of common stock for payment of the associated payroll taxes, using the closing stock price on July 4, 2026 of $7.62. This transaction does not represent a sale by the reporting person.
- F3. The RSUs will vest in equal monthly installments over 36 months starting on February 4, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
Key Figures
RSUs vested: 278 shares
Shares withheld for taxes: 77 shares
Withholding reference price: $7.62 per share
+3 more
6 metrics
RSUs vested
278 shares
Restricted Stock Units converted to common stock on July 4, 2026
Shares withheld for taxes
77 shares
Common stock withheld to cover payroll taxes on July 4, 2026
Withholding reference price
$7.62 per share
Closing stock price on July 4, 2026 used for tax withholding
Post-transaction common shares
235,324 shares
Direct common stock holdings after reported transactions
Remaining RSUs
8,612 units
Restricted Stock Units remaining after the 278-unit conversion
Tax-withholding shares count
77 shares
Reflected as a tax-withholding disposition, not an open-market sale
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, payroll taxes, +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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
payroll taxes financial
"The Company withheld 77 shares of common stock for payment of the associated payroll taxes"
vesting financial
"RSUs will vest in equal monthly installments over 36 months"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Crexendo (CXDO) COO Douglas Walter Gaylor report in this Form 4?
Douglas Walter Gaylor reported routine equity compensation activity. 278 Restricted Stock Units vested into common shares, and the company withheld 77 shares to satisfy payroll taxes. These entries show compensation-related movements rather than open-market buying or selling of Crexendo stock.
How many Crexendo (CXDO) RSUs vested for the COO and what do they represent?
278 Restricted Stock Units vested for the COO. Each RSU represents the right to receive one share of Crexendo common stock upon vesting, contingent on continued employment. The RSUs vest in equal monthly installments over 36 months starting February 4, 2026.
Is this Crexendo (CXDO) Form 4 an indication of insider selling in the market?
The filing does not show open-market selling. The 77-share disposition was for tax withholding on vested RSUs, specifically noted as not representing a sale by the reporting person. The main economic action is RSU vesting and share issuance as part of compensation.
How do the Crexendo (CXDO) RSUs vest for the COO going forward?
The RSUs vest in equal monthly installments over 36 months starting February 4, 2026. Vesting continues until the units are 100% vested, provided the COO maintains continuous employment. Shares of Crexendo common stock are delivered to him upon each vesting event.
AI-generated analysis. How Rhea-AI works. Not financial advice.
