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Crexendo (CXDO) CEO exercises stock options and sells 35,500 shares

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

Rhea-AI Filing Summary

Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported an exercise-and-sell transaction involving company stock. He exercised non-qualified stock options covering a total of 35,500 shares of common stock at an exercise price of $6.26 per share, then sold the same 35,500 shares in open-market transactions at a weighted average price of $9.94 per share, with individual sale prices ranging from $9.940 to $9.955. Following these transactions, he directly holds 209,026 shares of Crexendo common stock.

Positive

  • None.

Negative

  • None.

Insights

CEO executes routine option exercise-and-sell, retaining a substantial share position.

The CEO of Crexendo, Inc. exercised non-qualified stock options for 35,500 shares at $6.26 per share and sold the resulting shares in the open market at a weighted average of $9.94. This is a classic exercise-and-sell pattern converting option value into cash.

The filing shows two option exercises matched by two sale entries, indicating no net increase in share count from the options. There is no derivative position listed afterward in the derivative summary, suggesting these reported options have been fully exercised in this filing.

After the transactions, the CEO still directly owns 209,026 shares of common stock, which indicates he maintains a meaningful equity stake. The footnote clarifies that sale prices ranged from $9.940 to $9.955, highlighting that the reported price is a weighted average across multiple trades.

Insider KORN JEFFREY G
Role Chief Executive Officer
Sold 35,500 shs ($353K)
Type Security Shares Price Value
Exercise Non Qualified Stock Options 8,500 $6.26 $53K
Exercise Non Qualified Stock Options 27,000 $6.26 $169K
Exercise Common Stock 8,500 $6.26 $53K
Sale Common Stock 8,500 $9.94 $84K
Exercise Common Stock 27,000 $6.26 $169K
Sale Common Stock 27,000 $9.94 $268K
Holdings After Transaction: Non Qualified Stock Options — 27,000 shares (Direct, null); Common Stock — 217,526 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares sold 35,500 shares Total common shares sold in open-market transactions
Sale price (weighted average) $9.94 per share Weighted average sale price for common stock
Sale price range $9.940–$9.955 per share Price range across multiple sale transactions
Options exercised 35,500 options Non-qualified stock options converted into common shares
Option exercise price $6.26 per share Exercise price of non-qualified stock options
Post-transaction holdings 209,026 shares CEO’s direct common stock ownership after transactions
Non Qualified Stock Options financial
"security_title: "Non Qualified Stock Options" with an exercise price of $6.2600"
weighted average price financial
"The reported price in Column 4 is a weighted average price."
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.
open-market sale financial
"transaction_action: "open-market sale" for common stock transactions"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for option transactions"
transaction code "S" financial
"transaction_code: "S" with description "Sale in open market or private transaction""
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*
KORN JEFFREY G
(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 Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/27/2026		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 Stock05/27/2026M8,500A$6.26217,526D
Common Stock05/27/2026S8,500D$9.94209,026D
Common Stock05/26/2026M27,000A$6.26236,026D
Common Stock05/28/2026S27,000D$9.94(1)209,026D
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
Non Qualified Stock Options$6.2605/27/2026M8,50011/21/202010/21/2027Common Stock8,500$6.2627,000D
Non Qualified Stock Options$6.2605/28/2026M27,00011/21/202010/21/2027Common Stock27,000$6.260D
Explanation of Responses:
1. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.940 to $9.955. Details can be provided upon request.
/s/ Jeffery G. Korn05/29/2026
** 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 insider transaction did Crexendo (CXDO) report for its CEO?

Crexendo’s CEO, Jeffrey G. Korn, exercised stock options for 35,500 shares and sold the same number of common shares in open-market trades. This exercise-and-sell sequence turns option awards into cash while leaving his remaining direct share ownership unchanged by the options themselves.

How many Crexendo (CXDO) shares did the CEO sell and at what price?

The CEO sold 35,500 shares of Crexendo common stock in open-market transactions at a weighted average price of $9.94 per share. A footnote states individual sale prices ranged from $9.940 to $9.955, with details available upon request from the broker or company.

What stock options did the Crexendo (CXDO) CEO exercise in this Form 4?

Jeffrey G. Korn exercised non-qualified stock options covering 35,500 underlying shares of Crexendo common stock at an exercise price of $6.26 per share. These exercises are reported with transaction code “M,” indicating option exercise or derivative conversion into common stock.

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

After completing the option exercises and related stock sales, the CEO directly holds 209,026 shares of Crexendo common stock. This post-transaction figure reflects his remaining direct equity position as reported in the Form 4’s ownership column following the disclosed trades.

Were the Crexendo (CXDO) CEO’s reported sales open-market transactions?

Yes. The filing identifies the CEO’s dispositions as sales in open-market or private transactions, using transaction code “S.” The reported price is a weighted average, and a footnote notes multiple trades executed between $9.940 and $9.955 per share during the selling activity.

Does the Crexendo (CXDO) CEO still have stock options after this Form 4?

The Form 4 reports exercises of non-qualified stock options for 35,500 underlying shares and shows no remaining derivative positions in the derivative summary. This indicates the specific options referenced in the filing were fully exercised as part of the disclosed transactions.