Crexendo (CXDO) director Steven Mihaylo sells 64,994 shares via trust

Rhea-AI Filing Summary

Crexendo, Inc. director and 10% owner Steven G. Mihaylo reported open-market sales of a total of 64,994 shares of common stock, executed indirectly via a trust. The sales took place between March 6 and March 10, 2026 at prices ranging from $6.79 to $7.06 per share. Following these transactions, the trust’s indirect holdings stood at 11,241,771 shares of Crexendo common stock.

Insights

Equity market structure analyst

Large shareholder makes modest open-market sales while retaining a substantial position.

Director and 10% owner Steven G. Mihaylo reported six open-market sales of Crexendo common stock, totaling 64,994 shares. Trades were executed indirectly via a trust at prices between $6.79 and $7.06 per share.

After these sales, the trust still holds 11,241,771 shares, indicating that only a small fraction of the reported indirect position was sold. The filing shows no derivative exercises or tax-withholding events, so this reflects straightforward open-market selling activity.

The transactions span March 6–10, 2026, suggesting a short selling window rather than a long-running program, though no trading plan details are disclosed in the provided data. Future company filings may add context on any broader portfolio or ownership adjustments.

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^*

MIHAYLO STEVEN 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)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

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	03/06/2026		S		25,000	D	$6.79	11,281,765	I	via Trust
Common Stock	03/06/2026		S		10,000	D	$7	11,271,765	I	via Trust
Common Stock	03/09/2026		S		10,000	D	$7.05	11,261,765	I	via Trust
Common Stock	03/10/2026		S		1,557	D	$7.06	11,260,208	I	via Trust
Common Stock	03/10/2026		S		18,213	D	$7.03	11,241,995	I	via Trust
Common Stock	03/10/2026		S		224	D	$7.04	11,241,771	I	via Trust

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

Explanation of Responses:

	/s/Steven G Mihaylo	03/10/2026
	** 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 transaction did Crexendo (CXDO) report for Steven G. Mihaylo?

Crexendo (CXDO) reported that director and 10% owner Steven G. Mihaylo, through a trust, executed open-market sales of common stock. Across six transactions, the trust sold a total of 64,994 shares between March 6 and March 10, 2026.

At what prices did Steven G. Mihaylo’s trust sell Crexendo (CXDO) shares?

The reported sales by Steven G. Mihaylo’s trust in Crexendo (CXDO) common stock were executed at prices between $6.79 and $7.06 per share. Each transaction on March 6, 9, and 10, 2026, reflects open-market sale prices within this range.

How many Crexendo (CXDO) shares does Steven G. Mihaylo’s trust hold after the sales?

Following the reported transactions, the trust associated with Steven G. Mihaylo holds 11,241,771 shares of Crexendo (CXDO) common stock indirectly. This figure comes from the post-transaction ownership reported in the final March 10, 2026, Form 4 line item.

Were Steven G. Mihaylo’s Crexendo (CXDO) transactions open-market sales or option exercises?

The Form 4 shows only open-market sales of Crexendo (CXDO) common stock, coded as “S” transactions. There are no derivative exercises, conversions, or tax-withholding entries reported, and derivativeSummary is empty, indicating purely non-derivative selling activity.

Are Steven G. Mihaylo’s Crexendo (CXDO) holdings direct or indirect after these trades?

The reported Crexendo (CXDO) holdings after the trades are indirect, noted as held “via Trust.” Each transaction is coded with indirect ownership, indicating that the shares are attributed to a trust rather than to Mihaylo directly.