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Crexendo (NASDAQ: CXDO) CFO logs RSU vesting with share withholding for taxes

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

Rhea-AI Filing Summary

Crexendo, Inc. Chief Financial Officer Vincent Ron reported routine equity compensation activity involving restricted stock units (RSUs). On July 4, 2026, 278 RSUs converted into 278 shares of common stock at a stated price of $0.00 per share in connection with vesting.

The company then withheld 118 shares of common stock, valued using the closing stock price of $7.62 on July 4, 2026, to cover associated payroll taxes. The filing notes this withholding does not represent a sale by the reporting person. After these transactions, Ron directly holds 129,707 shares of common stock and 8,612 RSUs, with the RSUs scheduled to vest in equal monthly installments over 36 months starting on February 4, 2026, contingent on continued employment.

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Insider Vincent Ron
Role Chief Financial Officer
Type Security Shares Price Value
Exercise Restricted Stock Units 278 $0.00 --
Exercise Common Stock 278 $0.00 --
Tax Withholding Common Stock 118 $7.62 $899.16
Holdings After Transaction: Restricted Stock Units — 8,612 shares (Direct, null); Common Stock — 129,825 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 118 shares of common stock for payment of the associated payroll taxes, using the closing stock price on July 4, 2026 of $7.62. This transaction does not represent a sale by the reporting person. The RSUs will vest in equal monthly installments over 36 months starting on February 4, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
RSUs converted 278 units/shares RSUs converted to common stock on July 4, 2026
Tax withholding shares 118 shares Shares withheld to cover payroll taxes at $7.62
Tax valuation price $7.62 per share Closing stock price on July 4, 2026 used for tax
Common shares held 129,707 shares Direct holdings after reported transactions
RSUs remaining 8,612 units Restricted stock units held after conversion
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"
vest in equal monthly installments financial
"The RSUs will vest in equal monthly installments over 36 months starting on February 4, 2026"
continuous employment financial
"until such time as the RSUs are 100% vested, subject to continuous employment"
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Form 4 Insider Transactions: What Each Field Means →
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)
07/04/2026		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 Stock07/04/2026M278A$0(1)129,825D
Common Stock07/04/2026F(2)118D$7.62129,707D
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)07/04/2026M278 (3) (3)Common Stock278$08,612D
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 4, 2026 of $7.62. This transaction does not represent a sale by the reporting person.
3. The RSUs will vest in equal monthly installments over 36 months starting on February 4, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
/s/Ron Vincent07/06/2026
** 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

FAQ

What did Crexendo (CXDO) CFO Vincent Ron report in this Form 4?

Crexendo CFO Vincent Ron reported RSU vesting and related share movements. 278 restricted stock units converted into common shares, and 118 shares were withheld to cover payroll taxes, a routine equity compensation and tax-settlement event rather than an open-market trade.

Did the Crexendo (CXDO) CFO sell any shares in this Form 4 filing?

No, the filing states the transaction does not represent a sale. 118 shares of common stock were withheld by the company to pay associated payroll taxes after RSUs vested, which is treated as tax settlement rather than a discretionary market sale by the CFO.

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

Following the reported transactions, CFO Vincent Ron directly holds 129,707 shares of Crexendo common stock. He also holds 8,612 restricted stock units that will convert into additional shares over time as they vest, subject to his continued employment with the company.

What RSU activity did the Crexendo (CXDO) Form 4 disclose?

The Form 4 shows 278 restricted stock units converting into 278 common shares at a stated price of $0.00 as part of vesting. These RSUs are part of a grant scheduled to vest monthly over 36 months beginning February 4, 2026, contingent on continued employment.

How are Crexendo (CXDO) CFO Vincent Ron’s RSUs scheduled to vest?

The RSUs are set to vest in equal monthly installments over 36 months starting February 4, 2026. Vesting continues until the RSUs are fully vested, conditioned on Ron’s continuous employment, with shares of common stock delivered upon each vesting date.