Crexendo (CXDO) CEO sells shares, exercises options and receives 40,000 RSUs
Rhea-AI Filing Summary
Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported a combined option exercise and stock sale. He exercised non qualified stock options for 39,500 shares of common stock at $6.26 per share and sold 39,500 shares in an open-market transaction at a weighted-average price of $9.95 per share.
The company withheld 68 shares to cover payroll taxes, which is noted as not being a sale. Following these transactions, Korn holds 208,816 shares of Crexendo common stock directly. He also received a grant of 40,000 restricted stock units, which will vest in monthly installments over multiple 36‑month schedules, with shares delivered upon vesting, contingent on continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
10 txns
Insider
KORN JEFFREY G
Role
Chief Executive Officer
Sold
39,500 shs ($393K)
Approx. gross sale proceeds
$393K
Approx. exercise cost
$247K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 278 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 278 | $0.00 | $0.00 |
| Exercise | Non Qualified Stock Options | 39,500 | $6.26 | $247K |
| Grant/Award | Restricted Stock Units | 40,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 278 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 68 | $9.61 | $653.48 |
| Exercise | Common Stock | 278 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 68 | $9.61 | $653.48 |
| Exercise | Common Stock | 39,500 | $6.26 | $247K |
| Sale | Common Stock | 39,500 | $9.95 | $393K |
Holdings After Transaction:
Restricted Stock Units — 53,614 shares (Direct);
Non Qualified Stock Options — 35,500 shares (Direct);
Common Stock — 209,026 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 May 25, 2026 of $9.61. This transaction does not represent a sale by the reporting person.
- F3. 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.
- F4. 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.
- F5. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.94 to $9.96. Details can be provided upon request.
- 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
Shares sold: 39,500 shares
Sale price: $9.95 per share
Option exercise price: $6.26 per share
+5 more
8 metrics
Shares sold
39,500 shares
Open-market sale of common stock at weighted-average price
Sale price
$9.95 per share
Weighted-average sale price; trades from $9.94 to $9.96
Option exercise price
$6.26 per share
Non qualified stock options exercised for 39,500 shares
Shares held after
208,816 shares
Direct Crexendo common stock ownership after transactions
RSUs granted
40,000 units
Restricted stock units, each for one common share
Tax withholding shares
68 shares
Shares withheld to pay payroll taxes at $9.61
Exercised shares total
40,056 shares
Derivative exercise shares per transaction summary
Options remaining
35,500 options
Non qualified stock options after exercising 39,500
Key Terms
Restricted Stock Units, Non Qualified Stock Options, weighted average price, payroll taxes, +1 more
5 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.
Non Qualified Stock Options financial
"Non Qualified Stock Options with an exercise price of $6.2600 per share and expiration on October 21, 2027."
weighted average price financial
"The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.94 to $9.96."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
payroll taxes financial
"The Company withheld 68 shares of common stock for payment of the associated payroll taxes, using the closing stock price of $9.61."
derivative security financial
"Transaction code M reflects the exercise or conversion of a derivative security into shares of common stock."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Crexendo (CXDO) CEO Jeffrey G. Korn report?
Jeffrey G. Korn reported exercising options for 39,500 Crexendo shares at $6.26 and selling 39,500 shares at a weighted-average $9.95. The filing also shows tax-related share withholding and new restricted stock unit awards.
What stock-based compensation did the Crexendo (CXDO) CEO receive in this Form 4?
The Form 4 shows a grant of 40,000 restricted stock units to the CEO. Each RSU represents one Crexendo common share upon vesting, with the award vesting in equal monthly installments over 36 months under multiple schedules, contingent on continued employment.
What option exercise details are disclosed for Crexendo (CXDO) CEO Jeffrey G. Korn?
Korn exercised non qualified stock options covering 39,500 Crexendo shares at an exercise price of $6.26 per share. The underlying options were scheduled to expire on October 21, 2027, and the exercise converted them into common stock before the reported sale.