Crexendo CEO exercises RSUs, pays taxes in shares
Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding.
Rhea-AI Filing Summary
Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On June 25 and June 27, 2026, RSU vesting led to the issuance of a total of 1,666 shares of common stock at a conversion price of $0.00 per share.
To cover payroll tax obligations on these vestings, the company withheld 68 shares at $6.92 per share and 271 shares at $7.23 per share. Footnotes state these tax-withholding dispositions do not represent sales by Korn. Following these transactions, he holds 222,742 shares of common stock directly, along with 38,890 RSUs that continue to vest over time, subject to continuous employment.
Positive
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Negative
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Insider Trade Summary
1,666 shares exercised/converted
Exercise
9 txns
Insider
KORN JEFFREY G
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,110 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,110 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 271 | $7.23 | $2K |
| Exercise | Restricted Stock Units | 278 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 278 | $0.00 | $0.00 |
| Exercise | Common Stock | 278 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 68 | $6.92 | $470.56 |
| Exercise | Common Stock | 278 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 68 | $6.92 | $470.56 |
Holdings After Transaction:
Restricted Stock Units — 51,948 contracts (Direct);
Common Stock — 222,471 shares (Direct)
Footnotes (6)
- F1. Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
- F2. The Company withheld 68 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.
- F3. The Company withheld 271 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.
- F4. 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.
- F5. 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.
- F6. 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 conversions: 1,666 shares
Shares withheld for taxes: 407 shares
Common stock holdings: 222,742 shares
+3 more
6 metrics
RSU conversions
1,666 shares
Total common shares issued from RSU vesting on June 25 and 27, 2026
Shares withheld for taxes
407 shares
68 shares at $6.92 and 271 shares at $7.23 for payroll taxes
Common stock holdings
222,742 shares
Direct common shares held by CEO after transactions
Outstanding RSUs
38,890 RSUs
Restricted Stock Units remaining after June 27, 2026 transaction
Tax withholding price June 25, 2026
$6.92 per share
Price used to value 68 withheld shares for payroll taxes
Tax withholding price June 27, 2026
$7.23 per share
Price used to value 271 withheld shares for payroll taxes
Key Terms
Restricted Stock Units, tax-withholding disposition, vest in equal monthly installments, continuous employment
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
"The Company withheld 68 shares of common stock for payment of the associated payroll taxes..."
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.
vest in equal monthly installments financial
"The RSUs will vest in equal monthly installments over 36 months starting on March 25, 2025..."
continuous employment financial
"until such time as the RSUs are 100% vested, subject to continuous employment."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Crexendo (CXDO) CEO Jeffrey G. Korn report?
Jeffrey G. Korn reported RSU vesting and related tax-withholding transactions. RSUs converted into 1,666 shares of Crexendo common stock, and the company withheld 407 shares to cover payroll taxes. These events are part of routine equity compensation, not open-market buying or selling.
What RSU activity did Crexendo (CXDO) disclose for its CEO?
The Form 4 shows RSU vesting that converted into 1,666 common shares. All conversions occurred at a $0.00 per share conversion price. The remaining RSUs will vest monthly over 36 months from March 25, 2025, October 25, 2025, and June 27, 2026, subject to continuous employment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
