Crexendo CFO exercises options, sells 75K shares
Crexendo, Inc. Chief Financial Officer Vincent Ron reported an exercise-and-sell transaction plus new equity awards in company stock.
Rhea-AI Filing Summary
Crexendo, Inc. Chief Financial Officer Vincent Ron reported an exercise-and-sell transaction plus new equity awards in company stock. He exercised options covering 75,556 shares of common stock at $6.26 per share and sold 75,000 shares in open-market transactions at prices around $9.77–$9.84.
The company withheld 153 shares to cover payroll taxes, which the filing notes are not sales by Ron. After these transactions, he directly holds 117,365 shares of common stock. Ron also received a grant of 40,000 restricted stock units that vest in monthly installments over 36 months, along with small RSU conversions into common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
13 txns
Insider
Vincent Ron
Role
Chief Financial Officer
Sold
75,000 shs ($736K)
Approx. gross sale proceeds
$736K
Approx. exercise cost
$470K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 278 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 278 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 40,000 | $0.00 | $0.00 |
| Exercise | Non Qualified Stock Options | 29,000 | $6.26 | $182K |
| Exercise | Non Qualified Stock Options | 46,000 | $6.26 | $288K |
| Exercise | Common Stock | 29,000 | $6.26 | $182K |
| Sale | Common Stock | 29,000 | $9.77 | $283K |
| Exercise | Common Stock | 278 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 77 | $9.61 | $739.97 |
| Exercise | Common Stock | 278 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 76 | $9.61 | $730.36 |
| Exercise | Common Stock | 46,000 | $6.26 | $288K |
| Sale | Common Stock | 46,000 | $9.84 | $453K |
Holdings After Transaction:
Restricted Stock Units — 53,614 contracts (Direct);
Non Qualified Stock Options — 0 contracts (Direct);
Common Stock — 117,490 shares (Direct)
Footnotes (8)
- F1. Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
- F2. The Company withheld 77 shares of common stock for payment of the associated payroll taxes, using the closing stock price on May 25, 2026 of $9.61. This transaction does not represent a sale by the reporting person.
- F3. The Company withheld 76 shares of common stock for payment of the associated payroll taxes, using the closing stock price on May 25, 2026 of $9.61. This transaction does not represent a sale by the reporting person.
- F4. 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.
- F5. 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.
- F6. The RSUs will 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.
- F7. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.76 to $9.78. Details can be provided upon request.
- F8. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.76 to $9.87. Details can be provided upon request.
Key Figures
Shares sold: 75,000 shares
Sale prices: $9.77–$9.84 per share
Options exercised: 75,556 shares
+4 more
7 metrics
Shares sold
75,000 shares
Open-market sales of Crexendo common stock
Sale prices
$9.77–$9.84 per share
Weighted average sale prices with trades from $9.76 to $9.87
Options exercised
75,556 shares
Exercise of options and RSU conversions into common stock
Option strike price
$6.26 per share
Non qualified stock options exercised on common stock
Tax-withheld shares
153 shares
Shares withheld to cover payroll taxes at $9.61 closing price
Post-transaction holdings
117,365 shares
Common stock directly held after reported transactions
RSU grant
40,000 RSUs
New restricted stock unit award vesting over 36 months
Key Terms
Restricted Stock Units, Non Qualified Stock Options, tax-withholding disposition, weighted average price, +1 more
5 terms
Restricted Stock Units financial
"Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment."
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.
Non Qualified Stock Options financial
"Non Qualified Stock Options with an exercise price of 6.2600 and expiration date of 2027-10-21."
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.
weighted average price financial
"The reported price in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
derivative exercise/conversion financial
"Exercise or conversion of derivative security."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Crexendo (CXDO) CFO Vincent Ron do in this Form 4 filing?
Crexendo CFO Vincent Ron exercised stock options and sold shares. He exercised options for 75,556 common shares, sold 75,000 shares in open-market trades, and had some shares withheld to cover taxes, while also receiving a new restricted stock unit grant.
What stock options did the Crexendo (CXDO) CFO exercise in this Form 4?
The filing shows exercises of non qualified stock options for 46,000 and 29,000 shares. Both option blocks had an exercise price of $6.26 per share and were previously scheduled to expire on October 21, 2027, according to the derivative transaction details.
What restricted stock units did the Crexendo (CXDO) CFO receive?
Vincent Ron received 40,000 restricted stock units linked to Crexendo common stock. Footnotes explain each RSU converts into one share upon vesting, and the RSUs vest in equal monthly installments over 36 months starting on specified vesting commencement dates, subject to continued employment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
