Crexendo CEO exercises RSUs, covers taxes in shares
Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. He exercised or converted RSUs into 16,110 shares of common stock, increasing his direct ownership.
To cover payroll tax obligations on these vestings, the company withheld 3,924 shares of common stock, using closing stock prices of $8.93 on June 4, 2026 and $7.57 on June 5, 2026. The filing states these withholdings do not represent sales by Korn. After the most recent transaction, he directly holds 221,212 shares of Crexendo common stock.
Insider Trade Summary
16,110 shares exercised/converted
Exercise
12 txns
Insider
KORN JEFFREY G
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 277 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 5,833 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 5,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,218 | $8.93 | $11K |
| Exercise | Common Stock | 277 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 68 | $8.93 | $607.24 |
| Exercise | Common Stock | 5,833 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,420 | $8.93 | $13K |
| Exercise | Common Stock | 5,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,218 | $7.57 | $9K |
Holdings After Transaction:
Restricted Stock Units — 123,057 contracts (Direct);
Common Stock — 221,212 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 1218 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 68 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 1420 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.
- F5. The Company withheld 1218 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.
- 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 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.
- F8. 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.
- 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 exercised: 16,110 shares
Shares withheld for taxes: 3,924 shares
Tax withholding price June 4, 2026: $8.93 per share
+4 more
7 metrics
RSU shares exercised
16,110 shares
Total RSU-derived common stock reported as exercised or converted
Shares withheld for taxes
3,924 shares
Common stock retained by company to pay payroll taxes
Tax withholding price June 4, 2026
$8.93 per share
Closing stock price used to value certain withholding transactions
Tax withholding price June 5, 2026
$7.57 per share
Closing stock price used to value another withholding transaction
CEO shares after transactions
214,026 shares
Direct Crexendo common stock holdings following latest transaction
Quarterly RSU vesting period
12 quarters
Some RSU awards vest in equal quarterly installments over 12 quarters
Monthly RSU vesting period
36 months
One RSU award vests in equal monthly installments over 36 months
Key Terms
Restricted Stock Units, tax-withholding disposition, Exercise or conversion of derivative security, continued 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.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
continued employment financial
"subject to continuous employment. Shares will be delivered upon vesting"
Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.
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 transactions did Crexendo (CXDO) CEO Jeffrey Korn report on this Form 4?
Jeffrey Korn reported RSU-related activity, exercising or converting awards into 16,110 shares of Crexendo common stock. The company simultaneously withheld 3,924 shares to satisfy payroll tax obligations. No open-market purchases or sales were reported in connection with these transactions.
What do the RSU vesting terms look like for Crexendo (CXDO) CEO awards?
Footnotes state several RSU awards vest in equal installments over 12 quarters or 36 months, starting on dates such as June 4, 2025, June 4, 2026, March 4, 2026, and June 5, 2024, contingent on the CEO’s continued employment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates