Crexendo CEO exercises RSUs; shares withheld for tax
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. The filing shows exercises of RSUs into common stock alongside dispositions where the company withheld shares to cover payroll tax obligations at prices of $6.19 and $6.82 per share. Footnotes clarify these tax-withholding transactions do not represent open-market sales by the executive.
Insider Trade Summary
832 shares exercised/converted
Exercise
9 txns
Insider
KORN JEFFREY G
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 278 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 277 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 277 | $0.00 | $0.00 |
| Exercise | Common Stock | 278 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 68 | $6.19 | $420.92 |
| Exercise | Common Stock | 277 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 67 | $6.82 | $456.94 |
| Exercise | Common Stock | 277 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 68 | $6.82 | $463.76 |
Holdings After Transaction:
Restricted Stock Units — 23,615 contracts (Direct);
Common Stock — 248,405 shares (Direct)
Footnotes (7)
- 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 April 4, 2026 of $6.19. This transaction does not represent a sale by the reporting person.
- F4. The Company withheld 67 shares of common stock for payment of the associated payroll taxes, using the closing stock price on April 25, 2026 of $6.82. This transaction does not represent a sale by the reporting person.
- F6. The Company withheld 68 shares of common stock for payment of the associated payroll taxes, using the closing stock price on April 25, 2026 of $6.82. This transaction does not represent a sale by the reporting person.
- F7. 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.
- F8. The RSUs will 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.
- F9. The RSUs will 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.
Key Figures
RSUs exercised into common stock: 832 shares
Shares withheld for taxes: 203 shares
Tax withholding price (April 4, 2026): $6.19 per share
+2 more
5 metrics
RSUs exercised into common stock
832 shares
Total derivative exercises (M code) reported in transaction summary
Shares withheld for taxes
203 shares
Tax-withholding dispositions (F code) in transaction summary
Tax withholding price (April 4, 2026)
$6.19 per share
Used to withhold 68 shares for payroll taxes per footnote
Tax withholding price (April 25, 2026)
$6.82 per share
Used to withhold 67 and 68 shares for payroll taxes
RSU vesting period
36 months
Equal monthly installments from grant-specific start dates
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, vest in equal monthly installments, +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.
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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vest in equal monthly installments financial
"The RSUs will vest in equal monthly installments over 36 months"
continuous employment financial
"subject to continuous employment. Shares will be delivered upon vesting"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Crexendo (CXDO) CEO Jeffrey Korn report in this Form 4?
Jeffrey Korn reported routine equity compensation activity, including exercises of restricted stock units into Crexendo common stock and share dispositions where the company withheld shares to pay payroll taxes. Footnotes state these withholding transactions do not represent open-market sales by the CEO.
Were any of the Crexendo (CXDO) CEO’s transactions open-market stock sales?
The filing indicates no open-market stock sales by the CEO. Dispositions coded as “F” reflect shares withheld by the company to satisfy payroll tax obligations, with footnotes explicitly stating these transactions do not represent sales by the reporting person in the market.
What RSU activity did the Crexendo (CXDO) CEO report?
The CEO reported RSU-related exercises totaling 832 shares, converting restricted stock units into Crexendo common stock. Additional derivative entries show remaining RSU positions, with footnotes explaining that each RSU represents the right to receive one share upon vesting, contingent on continued employment with the company.
How do the Crexendo (CXDO) CEO’s RSUs vest over time?
Footnotes state certain RSU grants vest in equal monthly installments over 36 months, starting on March 4, 2026, March 25, 2025, and October 25, 2025. Shares of Crexendo common stock are delivered upon vesting, subject to the CEO’s continuous employment during the vesting period.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates