Crexendo COO receives 1,111 shares as stock awards vest

The company withheld shares for payroll taxes at the stated closing prices as vested RSUs were delivered.

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Form Type

Rhea-AI Filing Summary

Crexendo, Inc. Chief Operating Officer Douglas Walter Gaylor reported vesting of 1,111 restricted stock units into common stock on October 27, 2026, and two separate 278-share RSU vestings on October 25, 2026. Crexendo withheld 304 shares at $5.90 on October 27, and 77 and 76 shares at $5.75 each on October 25, for associated payroll taxes; the footnotes state these were not sales by Gaylor.

The related RSUs vest in equal monthly installments over 36 months, subject to continuous employment. The 278-share tranches began vesting March 25, 2025, and October 25, 2025; the 1,111-share tranche began June 27, 2026.

Insider Trade Summary

1,667 shares exercised/converted

Exercise 9 txns

Insider Gaylor Douglas Walter

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units ^{F1, F7}	1,111	$0.00	$0.00
Exercise	Common Stock ^F1	1,111	$0.00	$0.00
Tax Withholding	Common Stock ^F4	304	$5.90	$2K
Exercise	Restricted Stock Units ^{F1, F5}	278	$0.00	$0.00
Exercise	Restricted Stock Units ^{F1, F6}	278	$0.00	$0.00
Exercise	Common Stock ^F1	278	$0.00	$0.00
Tax Withholding	Common Stock ^F2	77	$5.75	$442.75
Exercise	Common Stock ^F1	278	$0.00	$0.00
Tax Withholding	Common Stock ^F3	76	$5.75	$437.00

Holdings After Transaction: Restricted Stock Units — 45,282 contracts (Direct); Common Stock — 251,663 shares (Direct)

Footnotes (7)

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 October 25, 2026 of $5.75. This transaction does not represent a sale by the reporting person.
F3. The Company withheld 76 shares of common stock for payment of the associated payroll taxes, using the closing stock price on October 25, 2026 of $5.75. This transaction does not represent a sale by the reporting person.
F4. The Company withheld 304 shares of common stock for payment of the associated payroll taxes, using the closing stock price on October 27, 2026 of $5.90. This transaction does not represent a sale by the reporting person.
F5. The RSUs will vest in equal monthly installments over 36 months starting on March 25, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
F6. The RSUs will vest in equal monthly installments over 36 months starting on October 25, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
F7. The RSUs will vest in equal monthly installments over 36 months starting on June 27, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

Key Figures

RSUs vesting and underlying common shares: 1,111 RSUs; 1,111 shares RSUs vesting and underlying common shares per transaction: 278 RSUs; 278 shares Shares withheld for payroll taxes: 304 shares +4 more

7 metrics

RSUs vesting and underlying common shares 1,111 RSUs; 1,111 shares Reported October 27, 2026

RSUs vesting and underlying common shares per transaction 278 RSUs; 278 shares Two separate transactions reported October 25, 2026

Shares withheld for payroll taxes 304 shares October 27, 2026

Closing price used for payroll tax withholding $5.90 per share October 27, 2026

Shares withheld for payroll taxes 77 shares October 25, 2026

Shares withheld for payroll taxes 76 shares October 25, 2026

Closing price used for payroll tax withholding $5.75 per share October 25, 2026

Key Terms

Restricted Stock Units, equal monthly installments, payroll taxes

3 terms

Restricted Stock Units financial

"Each RSU represents the right to receive, upon vesting"

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.

equal monthly installments financial

"will vest in equal monthly installments over 36 months"

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.

What common shares were reported in CXDO RSU vestings?

The reported entries list 1,111 common shares on October 27, 2026, and two separate 278-share common stock acquisitions on October 25, 2026. The footnotes state that each RSU represents the right to receive one common share upon vesting, contingent on continued employment.

How many shares did Crexendo withhold for payroll taxes in CXDO insider transactions?

Crexendo withheld 304 shares at $5.90 per share on October 27, 2026, and 77 shares and 76 shares at $5.75 per share on October 25, 2026. The footnotes state that these withholdings were for associated payroll taxes and did not represent sales by Gaylor.

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

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Available on EDGAR 10/27/2026 - 08:42 PM EDT Accepted by SEC EDGAR 10/27/2026 - 08:42 PM EDT

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)
10/25/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/25/2026		M		278	A	$0⁽¹⁾	250,731	D
Common Stock	10/25/2026		F⁽²⁾		77	D	$5.75	250,654	D
Common Stock	10/25/2026		M		278	A	$0⁽¹⁾	250,932	D
Common Stock	10/25/2026		F⁽³⁾		76	D	$5.75	250,856	D
Common Stock	10/27/2026		M		1,111	A	$0⁽¹⁾	251,967	D
Common Stock	10/27/2026		F⁽⁴⁾		304	D	$5.9	251,663	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0⁽¹⁾	10/25/2026		M			278	⁽⁵⁾	⁽⁵⁾	Common Stock	278	$0	4,446	D
Restricted Stock Units	$0⁽¹⁾	10/25/2026		M			278	⁽⁶⁾	⁽⁶⁾	Common Stock	278	$0	6,390	D
Restricted Stock Units	$0⁽¹⁾	10/27/2026		M			1,111	⁽⁷⁾	⁽⁷⁾	Common Stock	1,111	$0	34,446	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 October 25, 2026 of $5.75. This transaction does not represent a sale by the reporting person.

3. The Company withheld 76 shares of common stock for payment of the associated payroll taxes, using the closing stock price on October 25, 2026 of $5.75. This transaction does not represent a sale by the reporting person.

4. The Company withheld 304 shares of common stock for payment of the associated payroll taxes, using the closing stock price on October 27, 2026 of $5.90. This transaction does not represent a sale by the reporting person.

5. The RSUs will vest in equal monthly installments over 36 months starting on March 25, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

6. The RSUs will vest in equal monthly installments over 36 months starting on October 25, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

7. The RSUs will vest in equal monthly installments over 36 months starting on June 27, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

	/s/Douglas Walter Gaylor	10/27/2026
	** 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)

Source: View Original Filing on SEC EDGAR