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

For payroll tax withholding, Crexendo used closing stock prices of $6.19 on April 4, 2026 and $6.82 on April 25, 2026. At those prices the company withheld 77 and 76 shares, respectively, to satisfy the associated tax liabilities on vested equity awards.

[Form 4] Crexendo, Inc. Insider Trading Activity

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Crexendo, Inc. Chief Operating Officer Douglas Walter Gaylor reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. He exercised derivative awards to acquire 832 shares of Crexendo common stock, while 229 shares were withheld by the company to cover payroll taxes.

The tax-withholding dispositions used closing stock prices of $6.19 and $6.82 per share, and the footnotes state these transactions do not represent sales by Gaylor. After these transactions, he directly held 270,810 shares of Crexendo common stock. The RSUs referenced in the filing vest in equal monthly installments over 36 months from various start dates, contingent on continued employment, with shares delivered upon vesting.

Insider Trade Summary

832 shares exercised/converted

Mixed 9 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	277	$0.00	--
Exercise	Restricted Stock Units	277	$0.00	--
Exercise	Common Stock	278	$0.00	--
Tax Withholding	Common Stock	77	$6.19	$476.63
Exercise	Common Stock	277	$0.00	--
Tax Withholding	Common Stock	76	$6.82	$518.32
Exercise	Common Stock	277	$0.00	--
Tax Withholding	Common Stock	76	$6.82	$518.32

Holdings After Transaction: Restricted Stock Units — 9,445 shares (Direct, null); Common Stock — 270,887 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 April 4, 2026 of $6.19. 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 April 25, 2026 of $6.82. 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 4, 2026 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 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.

Key Figures

Shares acquired via exercises: 832 shares Shares withheld for taxes: 229 shares Closing price for one withholding event: $6.19/share +3 more

6 metrics

Shares acquired via exercises 832 shares Common stock from derivative exercises in reported Form 4

Shares withheld for taxes 229 shares Payroll tax withholding on equity awards

Closing price for one withholding event $6.19/share Used to withhold 77 shares on April 4, 2026

Closing price for another withholding event $6.82/share Used to withhold 76 shares on April 25, 2026

Direct common shares after transactions 270,810 shares Total Crexendo common stock held directly by COO

RSU vesting schedule length 36 months Equal monthly RSU vesting period, subject to continued employment

Key Terms

Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, equal monthly installments over 36 months, +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 exercise/conversion financial

"Exercise or conversion of derivative security"

equal monthly installments over 36 months financial

"The RSUs will vest in equal monthly installments over 36 months"

continuous employment financial

"until such time as the RSUs are 100% vested, subject to continuous employment"

Form 4 Insider Transactions: What Each Field Means →

04/28/2026 - 09:08 PM

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^*

Gaylor Douglas Walter

(Last)

(First)

(Middle)

1225 W WASHINGTON ST

STE 213

(Street)

TEMPE

ARIZONA

85288

(City)

(State)

(Zip)

UNITED STATES

(Country)

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 Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/04/2026		M		278	A	$0⁽¹⁾	270,887	D
Common Stock	04/04/2026		F⁽²⁾		77	D	$6.19	270,810	D
Common Stock	04/25/2026		M		277	A	$0⁽¹⁾	271,087	D
Common Stock	04/25/2026		F⁽³⁾		76	D	$6.82	271,011	D
Common Stock	04/25/2026		M		277	A	$0⁽¹⁾	271,288	D
Common Stock	04/25/2026		F⁽³⁾		76	D	$6.82	271,212	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0⁽¹⁾	04/04/2026		M			278	⁽⁴⁾	⁽⁴⁾	Common Stock	278	$0	9,445	D
Restricted Stock Units	$0⁽¹⁾	04/25/2026		M			277	⁽⁵⁾	⁽⁵⁾	Common Stock	277	$0	6,113	D
Restricted Stock Units	$0⁽¹⁾	04/25/2026		M			277	⁽⁶⁾	⁽⁶⁾	Common Stock	277	$0	8,057	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 77 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

3. The Company withheld 76 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

4. 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.

5. 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.

6. 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.

	/s/ Douglas Walter Gaylor	04/27/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Crexendo (CXDO) COO Douglas Gaylor report?

Douglas Walter Gaylor reported routine equity compensation activity, exercising derivative awards to acquire 832 Crexendo common shares. The company withheld 229 shares to cover payroll taxes, described as tax-withholding dispositions rather than open-market sales, leaving him with 270,810 directly held common shares.

Did the Crexendo (CXDO) COO sell shares in the latest Form 4 filing?

The filing describes tax-withholding dispositions, not open-market sales. Crexendo withheld 229 shares at closing prices of $6.19 and $6.82 to pay associated payroll taxes on vested awards, and footnotes explicitly state these transactions do not represent sales by Douglas Walter Gaylor.

How many Crexendo (CXDO) shares did the COO acquire through equity awards?

Douglas Walter Gaylor exercised derivative awards tied to restricted stock units to acquire 832 shares of Crexendo common stock. These exercises are compensation-related, converting previously granted RSUs or similar derivative awards into common shares delivered as part of his employment package.

What is the Crexendo (CXDO) COO’s direct common stock holding after these transactions?

After the reported transactions, Douglas Walter Gaylor directly held 270,810 shares of Crexendo common stock. This figure reflects his position following the combination of derivative exercises and company share withholding for payroll tax obligations associated with his equity compensation.

How do the Crexendo (CXDO) COO’s RSUs vest according to the Form 4 footnotes?

The footnotes state that certain Crexendo RSU grants to Douglas Walter Gaylor vest in equal monthly installments over 36 months from specified start dates. Vesting is contingent on continuous employment, and one RSU converts into one share of Crexendo common stock upon vesting and delivery.