Crexendo COO receives 1,667 shares as awards vest

Q: How many CXDO shares were withheld for payroll taxes, and at what price?

Crexendo withheld 457 shares for associated payroll taxes: 77 and 76 shares on September 25, 2026, and 304 shares on September 27, 2026. The reported closing stock price was $6.09 per share; the company states these transactions were not sales by Gaylor.

Crexendo states that the shares withheld for payroll taxes did not represent a sale by its chief operating officer.

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Filing Sentiment

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Form Type

Rhea-AI Filing Summary

Crexendo, Inc. (CXDO) reported that Chief Operating Officer Douglas Walter Gaylor acquired 1,667 common shares as restricted stock units vested: 278 shares in each of two reported entries on September 25, 2026, and 1,111 shares on September 27, 2026. Vesting was subject to continued employment. Crexendo withheld 457 shares for associated payroll taxes, using a closing stock price of $6.09 per share; the company states this was not a sale by Gaylor.

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	$6.09	$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	$6.09	$468.93
Exercise	Common Stock ^F1	278	$0.00	$0.00
Tax Withholding	Common Stock ^F3	76	$6.09	$462.84

Holdings After Transaction: Restricted Stock Units — 46,949 contracts (Direct); Common Stock — 250,252 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 September 25, 2026 of $6.09. 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 September 25, 2026 of $6.09. 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 September 27, 2026 of $6.09. 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

Common shares acquired through RSU vesting: 1,667 shares Common shares acquired: 1,111 shares Common shares acquired: 278 shares per entry +2 more

5 metrics

Common shares acquired through RSU vesting 1,667 shares Three reported vesting entries

Common shares acquired 1,111 shares September 27, 2026 RSU vesting

Common shares acquired 278 shares per entry Two reported RSU vesting entries on September 25, 2026

Shares withheld for payroll taxes 457 shares 77 and 76 shares on September 25, 2026; 304 shares on September 27, 2026

Closing stock price $6.09 per share Price used for payroll-tax withholding on September 25 and September 27, 2026

Key Terms

RSUs, equal monthly installments, payroll taxes

3 terms

RSUs financial

"The RSUs will vest in equal monthly installments over 36 months"

RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.

equal monthly installments financial

"vest in equal monthly installments over 36 months"

payroll taxes financial

"withheld 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 COO Douglas Walter Gaylor receive from RSUs?

Douglas Walter Gaylor, Crexendo's chief operating officer, acquired 1,667 common shares as RSUs vested: 278 shares in each of two reported entries on September 25, 2026, and 1,111 shares on September 27, 2026. Vesting was subject to continued employment, and no Rule 10b5-1 plan is reported.

How many CXDO shares were withheld for payroll taxes, and at what price?

Crexendo withheld 457 shares for associated payroll taxes: 77 and 76 shares on September 25, 2026, and 304 shares on September 27, 2026. The reported closing stock price was $6.09 per share; the company states these transactions were not sales by Gaylor.

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

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Available on EDGAR 09/29/2026 - 06:12 PM Accepted by SEC EDGAR 09/29/2026 - 06:11 PM

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)
09/25/2026

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	09/25/2026		M		278	A	$0⁽¹⁾	249,320	D
Common Stock	09/25/2026		F⁽²⁾		77	D	$6.09	249,243	D
Common Stock	09/25/2026		M		278	A	$0⁽¹⁾	249,521	D
Common Stock	09/25/2026		F⁽³⁾		76	D	$6.09	249,445	D
Common Stock	09/27/2026		M		1,111	A	$0⁽¹⁾	250,556	D
Common Stock	09/27/2026		F⁽⁴⁾		304	D	$6.09	250,252	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⁾	09/25/2026		M			278	⁽⁵⁾	⁽⁵⁾	Common Stock	278	$0	4,724	D
Restricted Stock Units	$0⁽¹⁾	09/25/2026		M			278	⁽⁶⁾	⁽⁶⁾	Common Stock	278	$0	6,668	D
Restricted Stock Units	$0⁽¹⁾	09/27/2026		M			1,111	⁽⁷⁾	⁽⁷⁾	Common Stock	1,111	$0	35,557	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 September 25, 2026 of $6.09. 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 September 25, 2026 of $6.09. 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 September 27, 2026 of $6.09. 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	09/29/2026
	** 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