Crexendo (CXDO) COO gains shares via RSU vesting and tax withholding

Rhea-AI Filing Summary

Crexendo, Inc. Chief Operating Officer Gaylor Douglas Walter reported routine equity compensation activity involving restricted stock units (RSUs). On June 25 and June 27, 2026, he exercised RSUs to acquire a total of 1,666 shares of Crexendo common stock.

To cover associated payroll taxes, the company withheld 457 shares of common stock at prices of $6.92 and $7.23 per share. Footnotes state these tax-withholding transactions do not represent market sales by the executive. Following the transactions, he directly holds 235,427 shares of common stock.

The RSUs referenced in the filing vest in equal monthly installments over 36 months beginning on March 25, 2025, October 25, 2025, and June 27, 2026, contingent on continued employment, with shares delivered upon vesting.

Insights

Equity compensation and insider-transactions analyst

Routine RSU vesting and tax withholding; no open-market buying or selling.

The filing shows Crexendo’s COO Gaylor Douglas Walter acquiring 1,666 common shares through RSU exercises on June 25 and 27, 2026. These are compensation-related derivative exercises, not discretionary open-market purchases.

To satisfy payroll tax obligations, the company withheld a total of 457 shares valued at $6.92 and $7.23 per share, explicitly described as non-sale transactions. After these entries, he directly holds 235,427 common shares.

The RSUs vest monthly over 36-month schedules starting in March 2025, October 2025, and June 2026, indicating ongoing equity-based compensation rather than a change in investment stance. Overall, this is a routine, low-signal insider update.

Insider Trade Summary

1,666 shares exercised/converted

Mixed 9 txns

Insider Gaylor Douglas Walter

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,110	$0.00	--
Exercise	Common Stock	1,110	$0.00	--
Tax Withholding	Common Stock	304	$7.23	$2K
Exercise	Restricted Stock Units	278	$0.00	--
Exercise	Restricted Stock Units	278	$0.00	--
Exercise	Common Stock	278	$0.00	--
Tax Withholding	Common Stock	77	$6.92	$532.84
Exercise	Common Stock	278	$0.00	--
Tax Withholding	Common Stock	76	$6.92	$525.92

Holdings After Transaction: Restricted Stock Units — 38,890 shares (Direct, null); Common Stock — 235,427 shares (Direct, null)

Footnotes (1)

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 June 25, 2026 of $6.92. 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 June 25, 2026 of $6.92. This transaction does not represent a sale by the reporting person. The Company withheld 304 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 27, 2026 of $7.23. 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 shares exercised: 1,666 shares Shares withheld for taxes: 457 shares Tax withholding price June 25, 2026: $6.92 per share +3 more

6 metrics

RSU shares exercised 1,666 shares Total derivative exercises on June 25 and 27, 2026

Shares withheld for taxes 457 shares Tax-withholding dispositions on June 25 and 27, 2026

Tax withholding price June 25, 2026 $6.92 per share Closing stock price used for 76 and 77 withheld shares

Tax withholding price June 27, 2026 $7.23 per share Closing stock price used for 304 withheld shares

Shares held after transactions 235,427 shares Direct common stock ownership following June 27, 2026 entries

RSU vesting period 36 months Equal monthly vesting starting March 25, 2025; October 25, 2025; June 27, 2026

Key Terms

Restricted Stock Units, tax-withholding disposition, derivative exercise/conversion, vesting

4 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.

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"

vesting financial

"The RSUs will vest in equal monthly installments over 36 months starting on March 25, 2025"

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/30/2026 - 08:03 PM Accepted by SEC EDGAR 06/30/2026 - 08:02 PM Learn about SEC filing dates

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)
06/25/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/25/2026		M		278	A	$0(1)	234,192	D
Common Stock	06/25/2026		F(2)		77	D	$6.92	234,115	D
Common Stock	06/25/2026		M		278	A	$0(1)	234,393	D
Common Stock	06/25/2026		F(3)		76	D	$6.92	234,317	D
Common Stock	06/27/2026		M		1,110	A	$0(1)	235,427	D
Common Stock	06/27/2026		F(4)		304	D	$7.23	235,123	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)	06/25/2026		M			278	(5)	(5)	Common Stock	278	$0	5,557	D
Restricted Stock Units	$0(1)	06/25/2026		M			278	(6)	(6)	Common Stock	278	$0	7,501	D
Restricted Stock Units	$0(1)	06/27/2026		M			1,110	(7)	(7)	Common Stock	1,110	$0	38,890	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 June 25, 2026 of $6.92. 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 June 25, 2026 of $6.92. This transaction does not represent a sale by the reporting person.

4. The Company withheld 304 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 27, 2026 of $7.23. This transaction does not represent a sale by the reporting person

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.

7. 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

	/s/Douglas Walter Gaylor	06/30/2026
	** 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)

FAQ

What did Crexendo (CXDO) COO Gaylor Douglas Walter report in this Form 4?

He reported routine equity compensation activity, exercising restricted stock units into 1,666 shares of Crexendo common stock and related tax-withholding transactions. The filing reflects RSU vesting, not discretionary open-market buying or selling of CXDO shares.

Did the Crexendo (CXDO) COO sell any shares in the open market?

No, the filing states the company withheld shares to pay payroll taxes using closing prices of $6.92 and $7.23. Footnotes explicitly say these tax-withholding entries do not represent sales by the reporting person in the market.

How many Crexendo (CXDO) shares does the COO hold after these transactions?

After the reported RSU exercises and tax withholdings, the COO directly holds 235,427 shares of Crexendo common stock. This position reflects his equity stake following the June 25 and June 27, 2026 compensation-related transactions disclosed in the Form 4 filing.

How many Crexendo (CXDO) shares were acquired through RSU exercises?

The Form 4 shows the COO exercising RSUs into 1,666 shares of Crexendo common stock. These derivative exercises are part of his equity compensation, converting restricted stock units into actual shares as they vest according to pre-set schedules.

How many Crexendo (CXDO) shares were withheld for taxes and at what prices?

The company withheld 457 shares to cover payroll taxes: 153 shares at $6.92 on June 25, 2026 and 304 shares at $7.23 on June 27, 2026. Footnotes clarify these withholdings are not market sales by the executive.

What are the vesting terms of the Crexendo (CXDO) RSUs in this filing?

The RSUs vest in equal monthly installments over 36 months beginning on March 25, 2025, October 25, 2025, and June 27, 2026. Vesting is contingent on continued employment, and shares are delivered upon vesting.