Crexendo (NASDAQ: CXDO) COO gains stock through 40,000 RSUs and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crexendo, Inc.’s Chief Operating Officer, Douglas Walter Gaylor, reported compensation-related stock activity. He was granted 40,000 Restricted Stock Units (RSUs), each representing one share of CXDO common stock upon vesting, contingent on continued employment. The RSUs vest in equal monthly installments over 36 months starting on March 25, 2025, October 25, 2025, and June 27, 2026, with shares delivered upon vesting. He also exercised RSUs into a total of 556 shares of common stock. To cover associated payroll taxes, the company withheld 77 and 76 shares at a closing stock price of $9.61 on May 25, 2026; footnotes state these tax-withholding transactions do not represent sales by the reporting person. After these transactions, he directly holds 227,614 shares of common stock, alongside remaining unvested RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
556 shares exercised/converted
Mixed
7 txns
Insider
Gaylor Douglas Walter
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 278 | $0.00 | -- |
| Exercise | Restricted Stock Units | 278 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 40,000 | $0.00 | -- |
| Exercise | Common Stock | 278 | $0.00 | -- |
| Tax Withholding | Common Stock | 77 | $9.61 | $739.97 |
| Exercise | Common Stock | 278 | $0.00 | -- |
| Tax Withholding | Common Stock | 76 | $9.61 | $730.36 |
Holdings After Transaction:
Restricted Stock Units — 5,835 shares (Direct, null);
Common Stock — 227,691 shares (Direct, null)
Footnotes (1)
- Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment. 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. 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. 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. 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. 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.
Key Figures
RSU grant size: 40,000 RSUs
RSU exercises: 556 shares
Tax withholding shares: 153 shares
+3 more
6 metrics
RSU grant size
40,000 RSUs
Each RSU equals one share of common stock upon vesting
RSU exercises
556 shares
Total common shares from two 278-share derivative exercises
Tax withholding shares
153 shares
77 and 76 shares withheld for payroll taxes
Withholding price
$9.61 per share
Closing stock price on May 25, 2026 used for tax withholding
Post-transaction holdings
227,614 shares
Common stock directly owned after reported transactions
RSU vesting period
36 months
Equal monthly vesting for each RSU award
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, vesting, +1 more
5 terms
Restricted Stock Units financial
"Each RSU represents the right to receive, upon vesting, one share of CXDO common stock"
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.
vesting financial
"The RSUs will vest in equal monthly installments over 36 months"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
payroll taxes financial
"The Company withheld 77 shares of common stock for payment of the associated payroll taxes"
FAQ
What insider transactions did Crexendo (CXDO) report for its COO?
Crexendo’s COO, Douglas Walter Gaylor, reported a grant of 40,000 Restricted Stock Units and small RSU exercises totaling 556 common shares. The filing also shows share withholdings to cover payroll taxes, rather than open-market sales, and updated direct ownership of 227,614 common shares.
How many RSUs were granted to the Crexendo (CXDO) COO in this filing?
The COO received a grant of 40,000 Restricted Stock Units. Each RSU represents the right to receive one share of Crexendo common stock upon vesting, so this award can translate into 40,000 shares over time if all vesting and continuous employment conditions are satisfied.
How do the Crexendo (CXDO) COO’s RSUs vest over time?
The RSUs vest in equal monthly installments over 36 months starting on March 25, 2025, October 25, 2025, and June 27, 2026. Vesting is contingent on continuous employment, and shares of common stock will be delivered as each monthly tranche vests under these schedules.
Were any of the Crexendo (CXDO) COO’s reported transactions open-market sales?
The filing describes 77 and 76 shares of common stock withheld by the company to pay payroll taxes at a $9.61 closing price on May 25, 2026. Footnotes explicitly state these tax-withholding transactions do not represent sales by the reporting person in the open market.