Crexendo (CXDO) CEO logs RSU conversions, shares withheld for tax

Rhea-AI Filing Summary

Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported multiple equity award transactions. On March 4 and 5, 2026, he acquired common stock through the exercise or conversion of restricted stock units (RSUs), with several RSU grants scheduled to vest over quarterly or monthly periods, subject to continued employment.

The company withheld shares of common stock, including 1,218 shares at $6.47 and 1,218 shares at $6.88 per share, to cover payroll taxes; footnotes state these tax-withholding transactions do not represent sales by the reporting person.

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 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 Executive 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		5,000	A	$0(1)	244,582	D
Common Stock	03/04/2026		F(2)		1,218	D	$6.47	243,364	D
Common Stock	03/05/2026		M		277	A	$0(1)	243,641	D
Common Stock	03/04/2026		F(4)		67	D	$6.47	243,574	D
Common Stock	03/05/2026		M		5,000	A	$0(1)	248,574	D
Common Stock	03/05/2026		F(6)		1,218	D	$6.88	247,356	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			5,000	(3)	(3)	Common Stock	5,000	$0	40,000	D
Restricted Stock Units	$0(1)	03/04/2026		M			277	(5)	(5)	Common Stock	277	$0	9,723	D
Restricted Stock Units	$0(1)	03/05/2026		M			5,000	(7)	(7)	Common Stock	5,000	$0	20,000	D
Restricted Stock Units	$0(1)	03/05/2026		M		70,000		(8)	(8)	Common Stock	70,000	$0	70,000	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 1,218 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 67 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.

5. The RSUs 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.

6. The Company withheld 1,218 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.

7. 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.

8. 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/ Jeffery G. Korn	03/05/2026
	** 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.

FAQ

What insider activity did Crexendo (CXDO) report for its CEO?

Crexendo reported its CEO, Jeffrey G. Korn, exercised or converted several restricted stock unit (RSU) awards into common stock on March 4 and 5, 2026. Some resulting shares were withheld by the company to pay associated payroll tax obligations, as detailed in accompanying footnotes.

Were any of the Crexendo (CXDO) CEO’s Form 4 transactions open-market sales?

The filing states the company withheld shares to pay payroll taxes and explicitly notes those transactions do not represent sales by the reporting person. The other reported transactions are exercises or conversions of derivative securities, rather than open-market purchases or sales of common stock.

How are the Crexendo (CXDO) CEO’s RSU awards structured to vest?

Footnotes describe several RSU grants vesting in equal quarterly installments over 12 quarters or in equal monthly installments over 36 months. Vesting is contingent on continuous employment, and shares of common stock will be delivered to the CEO upon each applicable vesting date.

What stock prices were used for Crexendo (CXDO) tax-withholding transactions?

For tax-withholding, the company used closing stock prices of $6.47 and $6.88 per share on March 4 and March 5, 2026, respectively. These prices determined how many shares were withheld to satisfy the CEO’s associated payroll tax liabilities on the RSU-related stock deliveries.

Does the Crexendo (CXDO) CEO directly own the shares reported in this Form 4?

The transactions are reported as directly owned, with ownership coded as “D” and no footnotes indicating indirect ownership through another entity. Following these exercises, conversions, and tax withholdings, the listed totals reflect Jeffrey G. Korn’s direct holdings of RSUs and common stock.