Crexendo (CXDO) director granted 10,000 options and nets 6,676 shares

Rhea-AI Filing Summary

Crexendo, Inc. director Todd Andrew Goergen reported option awards and related share movements. On March 4, 2026, he was granted 10,000 stock options at $6.47 per share, vesting in 36 equal monthly installments beginning on April 4, 2026.

On September 12, 2025, he exercised 10,000 non-qualified stock options at $2.25 per share, receiving 10,000 shares of common stock and increasing his directly held common shares to 238,676 before withholding. A related tax-withholding transaction used 3,324 shares at $6.77 to cover obligations, leaving him with 235,352 common shares held directly. A footnote explains this was a net exercise in which he effectively received 6,676 shares after withholding, and it does not represent an open-market sale.

Insider Trade Summary

10,000 shares exercised/converted

Mixed 4 txns

Insider Goergen Todd Andrew

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock options	10,000	$6.47	$65K
Exercise	Non-qualified Stock options	10,000	$2.25	$23K
Exercise	Common Stock	10,000	$2.25	$23K
Tax Withholding	Common Stock	3,324	$6.77	$23K

Holdings After Transaction: Stock options — 10,000 shares (Direct); Non-qualified Stock options — 0 shares (Direct); Common Stock — 238,676 shares (Direct)

Footnotes (1)

1. Represents a "net exercise" of outstanding stock options. The reporting person received 6,676 shares of common stock on net exercise of option to purchase 10,000 shares of common stock. The Company withheld 3,324 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on September 12, 2025 of $6.77, This transaction does not represent a sale by the reporting person. The stock options vest over 36 equal monthly installments beginning on 4/4/2026.

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^*

Goergen Todd Andrew

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025

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	09/12/2025		M		10,000	A	$2.25	238,676	D
Common Stock	09/12/2025		F(1)		3,324	D	$6.77	235,352	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
Non-qualified Stock options	$2.25	09/12/2025		M			10,000	03/12/2019	02/12/2026	Common Stock	10,000	$2.25	0	D
Stock options	$6.47	03/04/2026		A		10,000		(2)	03/04/2036	Common Stock	10,000	$6.47	10,000	D

Explanation of Responses:

1. Represents a "net exercise" of outstanding stock options. The reporting person received 6,676 shares of common stock on net exercise of option to purchase 10,000 shares of common stock. The Company withheld 3,324 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on September 12, 2025 of $6.77, This transaction does not represent a sale by the reporting person.

2. The stock options vest over 36 equal monthly installments beginning on 4/4/2026.

	/s/Todd Goergen	03/06/2026
	** 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.

FAQ

What insider transactions did Todd Andrew Goergen report for Crexendo (CXDO)?

Todd Andrew Goergen reported a grant of 10,000 stock options at $6.47, an exercise of 10,000 non-qualified options at $2.25, and a related tax-withholding disposition of 3,324 common shares at $6.77 through a net exercise structure.

How many Crexendo (CXDO) stock options were granted to the director?

He was granted 10,000 stock options at an exercise price of $6.47 per share. These options vest over 36 equal monthly installments starting April 4, 2026, creating a three-year vesting period tied to continued service with the company.

How many Crexendo (CXDO) common shares does the director hold after these transactions?

After the September 12, 2025 transactions, Todd Andrew Goergen holds 235,352 shares of Crexendo common stock directly. This figure reflects the exercise of 10,000 options and the withholding of 3,324 shares to cover the exercise price and related tax obligations.

Was the 3,324-share Crexendo (CXDO) disposition an open-market sale?

No, the 3,324-share disposition was not an open-market sale. A footnote states the company withheld these shares in a net exercise to pay the option exercise price and taxes, so the reporting person did not execute a regular market sale.

How does the net exercise affect the Crexendo (CXDO) director’s received shares?

In the net exercise, 10,000 option shares were due, but 3,324 shares were withheld for exercise price and taxes. As a result, Todd Andrew Goergen effectively received 6,676 Crexendo common shares, while satisfying his obligations without using cash.

When do the newly granted Crexendo (CXDO) stock options begin vesting?

The newly granted 10,000 stock options begin vesting on April 4, 2026. Vesting occurs in 36 equal monthly installments, meaning the award vests gradually over three years, aligning the director’s incentives with longer-term company performance.