Crexendo CEO Granted 278 RSUs, 68 Shares Withheld for Taxes (CXDO)

Rhea-AI Filing Summary

Jeffrey G. Korn, Chief Executive Officer of Crexendo, Inc. (CXDO), received 278 restricted stock units on 08/25/2025. Each RSU converts to one share upon vesting subject to continued employment; the award vests in equal monthly installments over 36 months beginning 03/25/2025. The company withheld 68 shares to cover payroll taxes using the closing price of $6.06 on 08/25/2025; this withholding was a disposition and does not represent a sale by the reporting person. After these transactions, Mr. Korn beneficially owned 242,206 shares of common stock directly, with 8,334 RSUs/derivative securities reported as beneficially owned following the reported transactions.

Positive

• 278 RSUs granted to the CEO on 08/25/2025, creating ongoing alignment with shareholders through a 36-month vesting schedule
• Withholding of 68 shares for payroll taxes was administrative and not a sale, per the filer
• Clear disclosure of post-transaction direct beneficial ownership (242,206 shares) and RSUs outstanding (8,334)

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine executive equity grant and tax-withholding; no sale for proceeds, modest change to direct holdings.

The Form 4 shows a standard equity compensation event: 278 RSUs awarded and 68 shares withheld for payroll taxes at a $6.06 closing price on 08/25/2025. Such grants are typical for retention and align executive pay with shareholder value over a 36-month vesting schedule. The withholding is administrative and explicitly not a sale. The report does not disclose any cash proceeds to the reporting person or additional transactions.

Corporate Governance Expert

TL;DR: Compensation-related insider filing reflecting standard vesting schedule and tax withholding, with no red flags.

The filing documents a compensation issuance (RSUs) to the CEO that vests monthly over three years and the routine withholding of shares for payroll taxes. The disclosure is complete on the mechanics and timing of vesting and shows direct beneficial ownership levels post-transaction. There are no indications of related-party sales, accelerated vesting, or unusual transfer terms in the provided text.

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
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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^*

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)
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)	242,274	D
Common Stock	08/25/2025		F(2)		68	D	$6.06	242,206	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 68 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/ Jeffery G. Korn	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.
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FAQ

What did CXDO CEO Jeffrey G. Korn report on Form 4?

He received 278 RSUs on 08/25/2025 and had 68 shares withheld for payroll taxes; these withholdings were not a sale.

How many shares does Jeffrey G. Korn beneficially own after the transactions?

242,206 shares of common stock directly, according to the Form 4 after the reported transactions.

How many RSUs or derivative securities does the reporting person hold after the filing?

The filing reports 8,334 RSUs/derivative securities beneficially owned following the transactions.

What is the vesting schedule for the RSUs granted on 08/25/2025?

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

At what price were shares withheld for payroll taxes?

The company withheld 68 shares using the closing stock price of $6.06 on 08/25/2025.