Crexendo (CXDO) CEO reports RSU vesting and tax withholding
Rhea-AI Filing Summary
Crexendo, Inc. (CXDO) reported that Chief Executive Officer Jeffrey G. Korn exercised and settled 1,666 Restricted Stock Units into the same number of shares of common stock in transactions on August 25 and 27, 2026. In connection with these vestings, the company withheld a total of 407 shares of common stock, valued at per-share prices of $6.31 and $6.42, to pay associated payroll tax liabilities. Footnotes clarify that these withholding transactions are for tax payments and do not represent market sales by Mr. Korn.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,259 shares
Net Buy
9 txns
Insider
KORN JEFFREY G
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F6 | 1,111 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 1,111 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F3 | 271 | $6.42 | $2K |
| Exercise | Restricted Stock Units F1, F4 | 278 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F1, F5 | 277 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 278 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 68 | $6.31 | $429.08 |
| Exercise | Common Stock F1 | 277 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 68 | $6.31 | $429.08 |
Holdings After Transaction:
Restricted Stock Units — 48,616 shares (Direct);
Common Stock — 225,409 shares (Direct)
Footnotes (6)
- F1. Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
- F2. The Company withheld 68 shares of common stock for payment of the associated payroll taxes, using the closing stock price on August 25, 2026 of $6.31. This transaction does not represent a sale by the reporting person.
- F3. The Company withheld 271 shares of common stock for payment of the associated payroll taxes, using the closing stock price on August 27, 2026 of $6.42. This transaction does not represent a sale by the reporting person.
- F4. The RSUs 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.
- F5. The RSUs 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.
- F6. The RSUs 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
RSUs exercised: 1,666 shares
Shares withheld for taxes: 407 shares
Tax withholding price: $6.31 per share
+5 more
8 metrics
RSUs exercised
1,666 shares
Total Restricted Stock Units converted to common stock reported in this Form 4
Shares withheld for taxes
407 shares
Total shares withheld to pay payroll taxes (Form 4 code F transactions)
Tax withholding price
$6.31 per share
Closing stock price used for 68-share tax withholding on August 25, 2026
Tax withholding price
$6.42 per share
Closing stock price used for 271-share tax withholding on August 27, 2026
Vesting period
36 months
RSUs vest in equal monthly installments over 36 months from each grant’s start date
Vesting start date
March 25, 2025
One RSU grant begins vesting in equal monthly installments on this date
Vesting start date
October 25, 2025
A separate RSU grant begins vesting on this date
Vesting start date
June 27, 2026
Another RSU grant begins vesting on this date
Key Terms
Restricted Stock Units, equal monthly installments, continuous employment, withheld 271 shares of common stock for payment of the associated payroll taxes, +1 more
5 terms
Restricted Stock Units financial
"Each RSU represents the right to receive, upon vesting, one share"
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.
equal monthly installments financial
"The RSUs vest in equal monthly installments over 36 months starting"
continuous employment financial
"until such time as the RSUs are 100% vested, subject to continuous employment"
does not represent a sale by the reporting person financial
"This transaction does not represent a sale by the reporting person"
FAQ
What insider equity activity did CXDO report for CEO Jeffrey G. Korn?
Crexendo reported that CEO Jeffrey G. Korn settled 1,666 Restricted Stock Units into common stock on August 25 and 27, 2026. In connection with these vestings, the company withheld 407 shares to pay payroll taxes, which the filing states do not represent sales by Mr. Korn.
How many CXDO RSUs vested for the CEO in this Form 4?
The Form 4 reports the exercise or conversion of 1,666 Restricted Stock Units into an equal number of Crexendo common shares. These RSUs vest in equal monthly installments over 36 months starting on specified dates in 2025 and 2026, subject to continuous employment.
Do the CXDO Form 4 tax withholdings count as sales by the CEO?
No. Footnotes explicitly state that the 68-share and 271-share withholding transactions for payroll taxes "do not represent a sale by the reporting person." They are classified as Form 4 code F transactions for tax liability payments.
What are the vesting terms of the CXDO RSUs reported for the CEO?
The RSUs reported for CEO Jeffrey G. Korn vest in equal monthly installments over 36 months. Separate grants begin vesting on March 25, 2025, October 25, 2025, and June 27, 2026, and require continuous employment, with shares delivered upon each vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
