Crexendo CEO gains 1,666 shares from RSU vesting

Q: 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.

Q: 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.

Q: How many CXDO shares were withheld for tax payments in this filing?

The filing states that the company withheld a total of 407 shares of Crexendo common stock to pay associated payroll taxes related to RSU vesting events. This includes 68 shares at $6.31 per share and 271 shares at $6.42 per share, plus an additional 68-share withholding entry.

Q: 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.

Q: 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.

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.

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Form Type

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.

Insider Trade Summary

1,666 shares exercised/converted

Exercise 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 contracts (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"

withheld 271 shares of common stock for payment of the associated payroll taxes financial

"The Company withheld 271 shares of common stock for payment of the associated"

does not represent a sale by the reporting person financial

"This transaction does not represent a sale by the reporting person"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many CXDO shares were withheld for tax payments in this filing?

The filing states that the company withheld a total of 407 shares of Crexendo common stock to pay associated payroll taxes related to RSU vesting events. This includes 68 shares at $6.31 per share and 271 shares at $6.42 per share, plus an additional 68-share withholding entry.

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.

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Available on EDGAR 08/27/2026 - 06:08 PM EDT Accepted by SEC EDGAR 08/27/2026 - 06:08 PM EDT

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^*

KORN JEFFREY 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/25/2026		M		278	A	$0⁽¹⁾	224,428	D
Common Stock	08/25/2026		F⁽²⁾		68	D	$6.31	224,360	D
Common Stock	08/25/2026		M		277	A	$0⁽¹⁾	224,637	D
Common Stock	08/25/2026		F⁽²⁾		68	D	$6.31	224,569	D
Common Stock	08/27/2026		M		1,111	A	$0⁽¹⁾	225,680	D
Common Stock	08/27/2026		F⁽³⁾		271	D	$6.42	225,409	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0⁽¹⁾	08/25/2026		M			278	⁽⁴⁾	⁽⁴⁾	Common Stock	278	$0	5,002	D
Restricted Stock Units	$0⁽¹⁾	08/25/2026		M			277	⁽⁵⁾	⁽⁵⁾	Common Stock	277	$0	6,946	D
Restricted Stock Units	$0⁽¹⁾	08/27/2026		M			1,111	⁽⁶⁾	⁽⁶⁾	Common Stock	1,111	$0	36,668	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 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.

3. 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.

4. 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.

5. 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.

6. 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.

	/s/ Jeffery G. Korn	08/27/2026
	** 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)

Source: View Original Filing on SEC EDGAR