Crexendo COO vests 15,276 RSUs; shares withheld
Crexendo’s COO received vested RSU shares, with a portion withheld by the company to cover payroll taxes, not representing open-market sales.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Crexendo, Inc. (CXDO) reported that Chief Operating Officer Douglas Walter Gaylor settled several tranches of Restricted Stock Units into common stock on September 4 and 5, 2026. In connection with these vestings, the company withheld a portion of the newly issued shares to cover associated payroll tax liabilities at a price of $6.01 per share, and the filing states these withholding transactions do not represent sales by the officer.
Insider Trade Summary
15,276 shares exercised/converted
Exercise
12 txns
Insider
Gaylor Douglas Walter
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F9 | 4,166 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 4,166 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F5 | 1,140 | $6.01 | $7K |
| Exercise | Restricted Stock Units F1, F6 | 5,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F7 | 277 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F8 | 5,833 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 5,000 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 1,368 | $6.01 | $8K |
| Exercise | Common Stock F1 | 277 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3 | 77 | $6.01 | $462.77 |
| Exercise | Common Stock F1 | 5,833 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F4 | 1,594 | $6.01 | $10K |
Holdings After Transaction:
Restricted Stock Units — 104,725 contracts (Direct);
Common Stock — 249,042 shares (Direct)
Holdings Before and After:
Restricted Stock Units, 120,001 to 104,725 contracts (Direct);
Common Stock, 237,945 to 249,042 shares (Direct)
Footnotes (9)
- F1. Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
- F2. The Company withheld 1,368 shares of common stock for payment of the associated payroll taxes, using the closing stock price on September 4, 2026 of $6.01. This transaction does not represent a sale by the reporting person.
- F3. The Company withheld 77 shares of common stock for payment of the associated payroll taxes, using the closing stock price on September 4, 2026 of $6.01. This transaction does not represent a sale by the reporting person.
- F4. The Company withheld 1,594 shares of common stock for payment of the associated payroll taxes, using the closing stock price on September 4, 2026 of $6.01. This transaction does not represent a sale by the reporting person.
- F5. The Company withheld 1,140 shares of common stock for payment of the associated payroll taxes, using the closing stock price on September 5, 2026 of $6.01. This transaction does not represent a sale by the reporting person.
- F6. The RSUs 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.
- F7. 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.
- F8. The RSUs vest in equal quarterly installments over 12 quarters starting on June 4, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
- F9. 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.
Key Figures
RSU shares converted to common stock: 15,276 shares
Shares withheld for payroll taxes: 4,179 shares
Withholding price per share: $6.01 per share
+2 more
5 metrics
RSU shares converted to common stock
15,276 shares
Total of RSU exercises on September 4–5, 2026 (5,000 + 277 + 5,833 + 4,166)
Shares withheld for payroll taxes
4,179 shares
Common shares withheld on September 4–5, 2026 to pay tax liabilities
Withholding price per share
$6.01 per share
Closing stock price used for tax-withholding transactions on September 4 and 5, 2026
Quarterly vesting schedule length
12 quarters
Several RSU grants vest in equal quarterly installments over 12 quarters
Monthly vesting schedule length
36 months
One RSU grant vests in equal monthly installments over 36 months starting March 4, 2026
Key Terms
Restricted Stock Units, payroll taxes, vesting, continuous employment
4 terms
Restricted Stock Units financial
"Each RSU represents the right to receive, upon vesting, one share"
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.
payroll taxes financial
"for payment of the associated payroll taxes, using the closing stock price"
vesting financial
"The RSUs vest in equal quarterly installments over 12 quarters"
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.
continuous employment financial
"until such time as the RSUs are 100% vested, subject to continuous employment"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Crexendo (CXDO) report for its COO?
Crexendo reported that its Chief Operating Officer, Douglas Walter Gaylor, had several Restricted Stock Units vest and convert into common stock on September 4 and 5, 2026, with some of the resulting shares withheld by the company to pay associated payroll tax liabilities.
Were the Crexendo (CXDO) insider transactions open-market sales?
No. The Form 4 footnotes state that the company-withheld shares (1368, 77, 1,594, and 1,140) were used to pay associated payroll taxes at $6.01 per share, and explicitly note that these transactions do not represent sales by the reporting person.
What are the vesting terms of the Crexendo (CXDO) RSUs involved?
The RSUs vest in installments over time: some in equal quarterly installments over 12 quarters starting June 5, 2024 or June 4 and June 4, 2026, and another grant in equal monthly installments over 36 months starting March 4, 2026, all subject to continuous employment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
