Crexendo (NASDAQ: CXDO) CRO reports 40,000 RSU grant and tax withholdings

Rhea-AI Filing Summary

Crexendo, Inc. Chief Revenue Officer Jon Brinton reported multiple equity compensation transactions. On March 4, 2026, he received a grant of 40,000 Restricted Stock Units (RSUs), which will vest in equal quarterly installments over 12 quarters starting on June 4, 2026, subject to continuous employment, with shares delivered upon vesting.

Brinton also exercised RSUs into common stock on March 4 and 5, 2026, converting 2,916 and 2,917 RSUs, respectively, into the same number of common shares at no exercise price. To cover associated payroll taxes, the company withheld 923 shares at $6.47 on March 4 and 843 shares at $6.88 on March 5; footnotes state these withholdings do not represent sales by Brinton. After these transactions, he directly held 124,795 shares of common stock and RSU awards as reported.

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

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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^*

Brinton Jon

(Last) (First) (Middle)

1225 W WASHINGTON ST

SUITE 213

(Street)

TEMPE AZ 85288

(City) (State) (Zip)

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 Revenue Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	03/04/2026		M		2,916	A	$0(1)	123,644	D
Common Stock	03/04/2026		F(2)		923	D	$6.47	122,721	D
Common Stock	03/05/2026		M		2,917	A	$0(1)	125,638	D
Common Stock	03/05/2026		F(4)		843	D	$6.88	124,795	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(1)	03/04/2026		M			2,916	(3)	(3)	Common Stock	2,916	$0	23,334	D
Restricted Stock Units	$0(1)	03/05/2026		M			2,917	(5)	(5)	Common Stock	2,917	$0	11,667	D
Restricted Stock Units	$0	03/04/2026		A		40,000		(6)	(6)	Common Stock	40,000	$0	40,000	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 923 shares of common stock for payment of the associated payroll taxes, using the closing stock price on March 4, 2026 of $6.47. This transaction does not represent a sale by the reporting person.

3. The RSUs will 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.

4. The Company withheld 843 shares of common stock for payment of the associated payroll taxes, using the closing stock price on March 5, 2026 of $6.88. This transaction does not represent a sale by the reporting person.

5. 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.

6. The RSUs will 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

	/s/Jon Brinton	03/06/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did Crexendo (CXDO) CRO Jon Brinton report?

Jon Brinton reported RSU grants, RSU exercises, and tax-related share withholdings. He received 40,000 new RSUs, converted 2,916 and 2,917 RSUs into common stock, and had 923 and 843 shares withheld to cover payroll taxes, which were not open-market sales.

How many Restricted Stock Units were granted to CXDO CRO Jon Brinton?

Brinton was granted 40,000 Restricted Stock Units. According to the filing, these RSUs were awarded at no exercise price and represent the right to receive one share of Crexendo common stock per unit, subject to vesting conditions tied to his continued employment.

What are the vesting terms for Jon Brinton’s new 40,000 RSUs at Crexendo (CXDO)?

The 40,000 RSUs vest in equal quarterly installments over 12 quarters starting June 4, 2026. Vesting continues until the RSUs are 100% vested, provided Brinton remains continuously employed, and shares of Crexendo common stock will be delivered upon each vesting date.

Were any of Jon Brinton’s Form 4 transactions in CXDO common stock actual sales?

The filing indicates no open-market sales. Instead, 923 shares on March 4 and 843 shares on March 5 were withheld by the company to pay associated payroll taxes, with footnotes explicitly stating these tax-withholding transactions do not represent sales by the reporting person.

At what prices were Crexendo (CXDO) shares valued for Jon Brinton’s tax withholdings?

For tax-withholding purposes, 923 shares were valued at $6.47 on March 4, 2026, and 843 shares were valued at $6.88 on March 5, 2026. These values reflect the closing stock prices used to calculate payroll tax obligations in the transactions.

How many Crexendo (CXDO) common shares does Jon Brinton hold after these transactions?

After the reported transactions, Brinton directly held 124,795 shares of Crexendo common stock. This figure reflects RSU conversions into common stock and the shares withheld for payroll taxes, as detailed in the non-derivative transaction table of the Form 4.