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Crexendo, Inc. (CXDO) CFO reports RSU vesting and tax share withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Crexendo, Inc. Chief Financial Officer Vincent Ron reported the vesting and conversion of RSU awards into 1666 shares of common stock on July 25 and July 27, 2026. The company withheld 707 shares at $6.62 and $6.92 per share to cover payroll taxes, which footnotes state do not represent sales. The RSUs vest in equal monthly installments over 36 months from their respective start dates, subject to continuous employment, with shares delivered upon vesting.

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Insider Vincent Ron
Role Chief Financial Officer
Type Security Shares Price Value
Exercise Restricted Stock Units F1, F6 1,111 $0.00 $0.00
Exercise Common Stock F1 1,111 $0.00 $0.00
Tax Withholding Common Stock F3 471 $6.92 $3K
Exercise Restricted Stock Units F1, F4 277 $0.00 $0.00
Exercise Restricted Stock Units F1, F5 278 $0.00 $0.00
Exercise Common Stock F1 277 $0.00 $0.00
Tax Withholding Common Stock F2 118 $6.62 $781.16
Exercise Common Stock F1 278 $0.00 $0.00
Tax Withholding Common Stock F2 118 $6.62 $781.16
Holdings After Transaction: Restricted Stock Units — 50,283 shares (Direct); Common Stock — 130,666 shares (Direct)
Footnotes (6)
  1. F1. Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
  2. F2. The Company withheld 118 shares of common stock for payment of the associated payroll taxes, using the closing stock price on July 25, 2026 of $6.62. This transaction does not represent a sale by the reporting person
  3. F3. The Company withheld 471 shares of common stock for payment of the associated payroll taxes, using the closing stock price on July 27, 2026 of $6.92. This transaction does not represent a sale by the reporting person.
  4. 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.
  5. 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.
  6. 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
RSU-linked shares exercised 1666 shares Aggregate derivative exercises (code M) reported for July 25 and July 27, 2026
Shares withheld for taxes 707 shares Total shares used for payroll tax liability under code F transactions
Tax withholding price 7/25/2026 $6.62 per share Closing stock price used to withhold 118 shares for payroll taxes
Tax withholding price 7/27/2026 $6.92 per share Closing stock price used to withhold 471 shares for payroll taxes
RSU vesting schedule length 36 months RSUs vest in equal monthly installments over 36 months from specified start dates
Derivative exercise transactions 3 transactions Total number of exercise or conversion (code M) events in the filing
Restricted Stock Units financial
"Each RSU represents the right to receive, upon vesting, one share of 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.
payroll taxes financial
"The Company withheld shares of common stock for payment of the associated payroll taxes"
continuous employment financial
"RSUs will vest in equal monthly installments over 36 months, subject to continuous employment"

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FAQ

What did Crexendo (CXDO) CFO Vincent Ron report in this Form 4?
CFO Vincent Ron reported RSU vesting that converted into 1666 shares of Crexendo common stock on July 25 and July 27, 2026. Some of these shares were simultaneously withheld by the company to satisfy related payroll tax obligations rather than sold in the market.

How many Crexendo (CXDO) shares were withheld for taxes in the filing?
A total of 707 shares of Crexendo common stock were withheld for payroll taxes. Footnotes specify 118 shares at $6.62 and 471 shares at $6.92 on different dates, and clarify these transactions do not represent sales by the reporting person.

Were any of the Crexendo (CXDO) CFO’s reported transactions open-market sales?
No, the reported dispositions were shares withheld by the company for payroll taxes, not open-market sales. Footnotes explicitly state that the tax-withholding transactions do not represent a sale by CFO Vincent Ron.

How do Vincent Ron’s RSUs in Crexendo (CXDO) vest over time?
The RSUs vest in equal monthly installments over 36 months from their respective start dates in 2025 and 2026. Vesting is subject to continuous employment, and the underlying common shares are delivered to the executive upon each vesting date.

What stock prices were used for Crexendo (CXDO) tax-share withholding?
For payroll tax withholding, the company used the $6.62 closing stock price on July 25, 2026 and the $6.92 closing stock price on July 27, 2026. These prices determined how many shares were withheld to satisfy the tax liability.
SEC Form 4
FORM 4UNITED 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*
Vincent Ron
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/25/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock07/25/2026M277A$0(1)129,984D
Common Stock07/25/2026F(2)118D$6.62129,866D
Common Stock07/25/2026M278A$0(1)130,144D
Common Stock07/25/2026F(2)118D$6.62130,026D
Common Stock07/27/2026M1,111A$0(1)131,137D
Common Stock07/27/2026F(3)471D$6.92130,666D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units$0(1)07/25/2026M277 (4) (4)Common Stock277$05,280D
Restricted Stock Units$0(1)07/25/2026M278 (5) (5)Common Stock278$07,224D
Restricted Stock Units$0(1)07/27/2026M1,111 (6) (6)Common Stock1,111$037,779D
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 118 shares of common stock for payment of the associated payroll taxes, using the closing stock price on July 25, 2026 of $6.62. This transaction does not represent a sale by the reporting person
3. The Company withheld 471 shares of common stock for payment of the associated payroll taxes, using the closing stock price on July 27, 2026 of $6.92. 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 25, 2025 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 October 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 June 27, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting
/s/Ron Vincent07/28/2026
** Signature of Reporting PersonDate
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