[Form 4] Crexendo, Inc. Insider Trading Activity

Crexendo (CXDO) Chief Operating Officer Douglas Walter Gaylor reported insider transactions on a Form 4.

Rhea-AI Filing Summary

Crexendo (CXDO) Chief Operating Officer Douglas Walter Gaylor reported insider transactions on a Form 4. He sold 4,000 shares at $7.501 on 11/11/2025 and 6,000 shares at $7.51 on 11/12/2025 under a Rule 10b5-1(c) trading plan entered on December 11, 2024. On 11/13/2025, he exercised 10,000 stock options at an exercise price of $2.25.

Following these transactions, Gaylor beneficially owned 243,135 shares directly and held 12,000 derivative securities (stock options) remaining. The reported options vested over 36 equal monthly installments beginning on 3/12/2019.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 4 txns

Insider Gaylor Douglas Walter

Role Chief Operating Officer

Sold 10,000 shs ($75K)

Approx. gross sale proceeds $75K

Approx. exercise cost $23K

Type	Security	Shares	Price	Value
Exercise	Stock Options	10,000	$2.25	$23K
Exercise	Common Stock	10,000	$2.25	$23K
Sale	Common Stock	6,000	$7.51	$45K
Sale	Common Stock	4,000	$7.501	$30K

Holdings After Transaction: Stock Options — 12,000 contracts (Direct); Common Stock — 243,135 shares (Direct)

Footnotes (2)

1. F1. This sale was made pursuant to a plan intended to comply with Rule 10b5-1(c), previously entered into on December 11, 2024, at which time Mr. Gaylor was not aware of material nonpublic information.
2. F2. The stock options vested over 36 equal monthly installments beginning on 3/12/2019.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did CXDO's COO report on this Form 4?

Douglas Walter Gaylor disclosed selling 10,000 shares in two trades and exercising 10,000 stock options.

What were the sale prices and dates for CXDO shares?

He sold 4,000 shares at $7.501 on 11/11/2025 and 6,000 shares at $7.51 on 11/12/2025.

How many shares does the CXDO COO own after these transactions?

He beneficially owned 243,135 shares directly after the reported transactions.

What options activity did the CXDO COO report?

On 11/13/2025, he exercised 10,000 options at an exercise price of $2.25.

How many options remain held by the CXDO COO?

He held 12,000 derivative securities (stock options) following the transactions.

Was a trading plan used for the sales of CXDO stock?

Yes. The sales were made under a Rule 10b5-1(c) plan entered on December 11, 2024.

How did the reported options vest?

They vested over 36 equal monthly installments beginning on 3/12/2019.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 11/13/2025 - 04:49 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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).

X

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^*

Gaylor Douglas Walter

(Last) (First) (Middle)

1225 W WASHINGTON ST

SUITE 213

(Street)

TEMPE AZ 85288

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Crexendo, Inc. [ CXDO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/11/2025		S(1)		4,000	D	$7.501	239,135	D
Common Stock	11/12/2025		S(1)		6,000	D	$7.51	233,135	D
Common Stock	11/13/2025		M		10,000	A	$2.25	243,135	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	$2.25	11/13/2025		M			10,000	(2)	02/12/2026	Common Stock	10,000	$2.25	12,000	D

Explanation of Responses:

1. This sale was made pursuant to a plan intended to comply with Rule 10b5-1(c), previously entered into on December 11, 2024, at which time Mr. Gaylor was not aware of material nonpublic information.

2. The stock options vested over 36 equal monthly installments beginning on 3/12/2019.

	/s/Douglas Walter Gaylor	11/13/2025
	** Signature of Reporting Person	Date
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.