Trust linked to Crexendo (NASDAQ: CXDO) director sells 25K shares

Rhea-AI Filing Summary

Crexendo, Inc. director-related holdings reported an open-market sale of Common Stock. A trust associated with director Steven G. Mihaylo sold 25,000 shares at $9.17 per share. Following this transaction, the trust’s indirect ownership stands at 11,216,771 shares of Crexendo common stock.

Insider Trade Summary

Net Seller: 25,000 shares ($229,250)

Net Sell 1 txn

Insider MIHAYLO STEVEN G

Role null

Sold 25,000 shs ($229K)

Type	Security	Shares	Price	Value
Sale	Common Stock	25,000	$9.17	$229K

Holdings After Transaction: Common Stock — 11,216,771 shares (Indirect, via Trust)

Footnotes (1)

Key Figures

Shares sold: 25,000 shares Sale price: $9.17 per share Shares held after transaction: 11,216,771 shares

3 metrics

Shares sold 25,000 shares Open-market sale of Crexendo common stock

Sale price $9.17 per share Price for the 25,000-share open-market sale

Shares held after transaction 11,216,771 shares Indirect holdings via trust following the sale

Key Terms

open-market sale, indirect, Common Stock

3 terms

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect financial

"ownership_type: indirect with nature of ownership via Trust"

Common Stock financial

"security_title: Common Stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

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^*

MIHAYLO STEVEN G

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026

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	05/08/2026		S		25,000	D	$9.17	11,216,771	I	via Trust

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

Explanation of Responses:

	/s/Steven G Mihaylo	05/12/2026
	** 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)

FAQ

What insider transaction did Crexendo (CXDO) report on this Form 4?

Crexendo reported an insider-related open-market sale of common stock. A trust associated with director Steven G. Mihaylo sold 25,000 shares of Crexendo, Inc. common stock, as disclosed in the Form 4 insider trading report filed with regulators.

How many Crexendo (CXDO) shares were sold and at what price?

The disclosed transaction involved the sale of 25,000 shares of Crexendo common stock. These shares were sold in an open-market transaction at a price of $9.17 per share, according to the Form 4 filing’s transaction details.

Who is the reporting person in this Crexendo (CXDO) Form 4 filing?

The reporting person is Steven G. Mihaylo, identified in the filing as a director of Crexendo, Inc. The transaction reflects activity in shares held indirectly for his benefit, rather than a direct personal holding, according to the ownership information provided.

Is the Crexendo (CXDO) insider transaction held directly or through another entity?

The reported shares are held indirectly through a trust. The Form 4 describes the ownership as “via Trust,” indicating that the 25,000 shares sold and the remaining holdings are attributed to a trust rather than direct individual ownership.

How many Crexendo (CXDO) shares are held after the reported sale?

After the open-market sale, the reporting person’s indirect holdings total 11,216,771 shares of Crexendo common stock. This figure reflects the position following the 25,000-share disposition by the trust associated with director Steven G. Mihaylo.

Does this Crexendo (CXDO) Form 4 show any derivative securities activity?

No derivative securities activity is shown in this Form 4 excerpt. The filing only reports a non-derivative transaction in Crexendo common stock, with no options, warrants, or other derivative positions listed in the derivative transaction summary provided.