Crexendo COO Gaylor converts stock awards into 278 shares

The RSUs vest in equal monthly installments over 36 months beginning March 4, 2026, subject to continuous employment.

Available on EDGAR 11/06/2026 - 04:20 PM EST Accepted by SEC EDGAR 11/06/2026 - 04:20 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Crexendo, Inc. Chief Operating Officer Douglas Walter Gaylor reported the conversion of 278 restricted stock units into 278 common shares on November 4, 2026. His reported post-transaction position was 7,501 RSUs. Crexendo withheld 77 common shares for associated payroll taxes, using the November 4, 2026 closing stock price of $5.24; the footnote says this was not a sale by Gaylor. The RSUs vest in equal monthly installments over 36 months beginning March 4, 2026, subject to continuous employment, with shares delivered upon vesting.

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 F1, F3	278	$0.00	$0.00
Exercise	Common Stock F1	278	$0.00	$0.00
Tax Withholding	Common Stock F2	77	$5.24	$403.48

Holdings After Transaction: Restricted Stock Units — 7,501 contracts (Direct); Common Stock — 251,864 shares (Direct)

Holdings Before and After: Restricted Stock Units, 7,779 to 7,501 contracts (Direct); Common Stock, 251,663 to 251,864 shares (Direct)

Footnotes (3)

1. F1. Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
2. F2. The Company withheld 77 shares of common stock for payment of the associated payroll taxes, using the closing stock price on November 4, 2026 of $5.24. This transaction does not represent a sale by the reporting person.
3. F3. The RSUs will vest in equal monthly installments over 36 months starting on March 4, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

Key Figures

RSUs converted: 278 RSUs Common shares acquired: 278 shares RSUs following transaction: 7,501 RSUs +3 more

6 metrics

RSUs converted 278 RSUs November 4, 2026

Common shares acquired 278 shares Upon conversion on November 4, 2026

RSUs following transaction 7,501 RSUs Reported post-transaction position

Shares withheld for payroll taxes 77 common shares November 4, 2026

Closing stock price $5.24 November 4, 2026; used for payroll-tax withholding

Vesting period 36 months Equal monthly installments beginning March 4, 2026, subject to continuous employment

Key Terms

Restricted Stock Units, vesting, payroll taxes

3 terms

Restricted Stock Units financial

"Each RSU represents the right to receive"

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.

vesting financial

"upon vesting, one share of CXDO common stock"

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.

payroll taxes financial

"withheld 77 shares of common stock for payment of the associated payroll taxes"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many CXDO shares did the COO receive from RSUs?

On November 4, 2026, Crexendo Chief Operating Officer Douglas Walter Gaylor reported the conversion of 278 RSUs into 278 common shares. Each RSU represents the right to receive one share upon vesting, contingent on continued employment.

Why were 77 CXDO shares withheld?

Crexendo withheld 77 common shares for associated payroll taxes, using the November 4, 2026 closing stock price of $5.24. The footnote says this transaction was not a sale by Douglas Walter Gaylor.

What is the vesting schedule for Douglas Walter Gaylor’s CXDO RSUs?

The RSUs vest in equal monthly installments over 36 months beginning March 4, 2026, subject to continuous employment. Shares are delivered upon vesting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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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^*

Gaylor Douglas Walter

(Last) (First) (Middle)

1225 W WASHINGTON ST

STE 213

(Street)

TEMPE ARIZONA 85288

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	11/04/2026		M		278	A	$0(1)	251,941	D
Common Stock	11/04/2026		F(2)		77	D	$5.24	251,864	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)	11/04/2026		M			278	(3)	(3)	Common Stock	278	$0	7,501	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 77 shares of common stock for payment of the associated payroll taxes, using the closing stock price on November 4, 2026 of $5.24. This transaction does not represent a sale by the reporting person.

3. The RSUs will vest in equal monthly installments over 36 months starting on March 4, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

	/s/Douglas Walter Gaylor	11/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)