CXDO Form 4: Vincent Ron Granted 278 RSUs, Beneficial Ownership Updated

Rhea-AI Filing Summary

Crexendo, Inc. reporting person Vincent Ron, who serves as Chief Financial Officer and a director, received 278 restricted stock units (RSUs) on 08/25/2025 that convert to common shares upon vesting. The RSUs vest in equal monthly installments over 36 months beginning 03/25/2025, subject to continued employment. The company withheld 77 shares to cover payroll taxes at the closing price of $6.06, which the filer notes is not a sale. After these transactions the reporting person beneficially owns 183,546 shares of common stock and holds 8,334 RSUs that would convert to the same number of shares upon vesting.

Insights

Securities Analyst

TL;DR: CFO acquired 278 RSUs, increasing deferred equity exposure; tax withholding of 77 shares was used to satisfy payroll taxes.

The transaction shows a routine equity compensation grant to a senior executive rather than an open-market purchase or sale. The RSU grant vests monthly over 36 months, aligning management incentives with long-term performance. Withholding of 77 shares to cover payroll taxes at $6.06 per share reduced immediate share count but is a standard administrative step and not a market sale. Beneficial ownership post-transaction is 183,546 shares plus 8,334 RSUs, indicating meaningful ongoing insider exposure to the issuer's equity.

Corporate Governance Expert

TL;DR: The disclosure documents a standard equity award to the CFO with multi-year vesting; no red flags in governance or related-party activity are evident.

The filing details a compensatory equity grant (RSUs) with clear vesting terms (36 months, monthly). Tax withholding was handled via share retention rather than cash, which is common. The reporting person is identified as both an officer and director, and the filing reports aggregate beneficial ownership after the grant. There is no indication of unusual acceleration, derivative hedging, or dispositions that would raise governance concerns.

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^*

Vincent Ron

(Last) (First) (Middle)

1225 W WASHINGTON ST

STE 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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

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	08/25/2025		M		278	A	$0(1)	183,623	D
Common Stock	08/25/2025		F(2)		77	D	$6.06	183,546	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)	08/25/2025		M			278	(3)	(3)	Common Stock	278	$0	8,334	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 77 shares of common stock for payment of the associated payroll taxes, using the closing stock price on August 25, 2025 of $6.06. This transaction does not represent a sale by the reporting person.

3. 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.

	/s/Ron Vincent	08/27/2025
	** 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.

FAQ

What transactions did Crexendo CFO Vincent Ron report on Form 4 (CXDO)?

The CFO reported receipt of 278 RSUs on 08/25/2025 and withholding of 77 shares to cover payroll taxes at $6.06 per share.

How do the RSUs granted to Vincent Ron vest?

The RSUs vest in equal monthly installments over 36 months beginning on 03/25/2025, subject to continuous employment.

How many Crexendo shares does the reporting person beneficially own after the transaction?

After the reported transactions the reporting person beneficially owns 183,546 common shares and holds 8,334 RSUs.

Was any sale reported by the reporting person in this Form 4?

No sale was reported; the 77 shares were withheld to satisfy payroll tax obligations and the filer states this is not a sale.

What price was used to calculate the tax withholding on the RSUs?

The company used the closing stock price on 08/25/2025 of $6.06 to determine withholding for payroll taxes.