Crexendo CRO reports RSU vesting and tax withholding
Crexendo, Inc. Chief Revenue Officer Jon Brinton reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding.
Rhea-AI Filing Summary
Crexendo, Inc. Chief Revenue Officer Jon Brinton reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. He acquired 9,167 shares of common stock through RSU vesting and had 2,416 shares withheld by the company to cover payroll taxes, which footnotes clarify are not sales.
After these transactions, he directly holds 71,943 shares of Crexendo common stock and 20,417 RSUs that will deliver shares upon future vesting, subject to continued employment under multi-year quarterly vesting schedules starting on June 4, 2025, June 4, 2026, and June 5, 2024.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,167 shares exercised/converted
Exercise
9 txns
Insider
Brinton Jon
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,917 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,333 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 2,917 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,917 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 769 | $8.93 | $7K |
| Exercise | Common Stock | 3,333 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 878 | $8.93 | $8K |
| Exercise | Common Stock | 2,917 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 769 | $7.57 | $6K |
Holdings After Transaction:
Restricted Stock Units — 65,834 contracts (Direct);
Common Stock — 76,546 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 769 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 4, 2026 of $8.93. This transaction does not represent a sale by the reporting person.
- F3. The Company withheld 878 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 4, 2026 of $8.93. This transaction does not represent a sale by the reporting person.
- F4. The Company withheld 769 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 5, 2026 of $7.57. This transaction does not represent a sale by the reporting person.
- F5. 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.
- F6. 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.
- F7. 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 vested: 9,167 shares
Shares withheld for taxes: 2,416 shares
Tax withholding price June 4, 2026: $8.93 per share
+3 more
6 metrics
RSU shares vested
9,167 shares
Total shares acquired via RSU exercises (exerciseShares in summary)
Shares withheld for taxes
2,416 shares
Total tax-withholding shares across three F-code transactions
Tax withholding price June 4, 2026
$8.93 per share
Closing stock price used for two withholding transactions
Tax withholding price June 5, 2026
$7.57 per share
Closing stock price used for one withholding transaction
Common shares after transactions
71,943 shares
Direct holdings of Crexendo common stock following last transaction
RSUs remaining
20,417 units
Restricted stock units remaining after reported RSU conversions
Key Terms
Restricted Stock Units, tax-withholding disposition, vesting, continuous employment, +1 more
5 terms
Restricted Stock Units financial
"Each RSU represents the right to receive, upon vesting, one share of CXDO common stock"
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.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
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
"subject to continuous employment. Shares will be delivered upon vesting."
closing stock price financial
"using the closing stock price on June 4, 2026 of $8.93."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Crexendo (CXDO) Chief Revenue Officer Jon Brinton report in this Form 4?
Jon Brinton reported RSU vesting and related tax-withholding transactions, not open-market trades. He received common shares from vested restricted stock units, while the company withheld a portion of shares to pay associated payroll taxes, as described in the detailed Form 4 footnotes.
Were any of Jon Brinton’s Crexendo (CXDO) transactions open-market sales?
No, the Form 4 footnotes state the transactions coded “F” were shares withheld by the company to pay payroll taxes. They explicitly clarify these withholdings do not represent sales by Jon Brinton in the open market or discretionary stock disposals.
What are the vesting terms of Jon Brinton’s Crexendo (CXDO) RSUs?
His RSUs vest in equal quarterly installments over 12 quarters. The schedules begin on June 5, 2024, June 4, 2025, and June 4, 2026, respectively. Shares are delivered upon vesting, and vesting remains contingent on continuous employment with Crexendo throughout the vesting periods.
AI-generated analysis. How Rhea-AI works. Not financial advice.
