Crexendo (CXDO) CFO logs RSU vesting and payroll tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crexendo, Inc. Chief Financial Officer Vincent Ron reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. On June 25 and June 27, 2026, RSUs converted into a total of 1,666 shares of common stock at a stated price of $0.00 per share, reflecting vesting rather than open-market purchases.
To cover payroll taxes triggered by these vesting events, the company withheld 707 shares of common stock, using closing stock prices of $6.92 and $7.23 on the respective dates. The filing states these withholdings do not represent sales by Ron. Following the transactions, he holds 130,018 shares of Crexendo common stock directly, and the RSU footnotes describe grants that vest in equal monthly installments over 36 months starting on March 25, 2025, October 25, 2025, and June 27, 2026, contingent on continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,666 shares exercised/converted
Mixed
9 txns
Insider
Vincent Ron
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,110 | $0.00 | -- |
| Exercise | Common Stock | 1,110 | $0.00 | -- |
| Tax Withholding | Common Stock | 471 | $7.23 | $3K |
| Exercise | Restricted Stock Units | 278 | $0.00 | -- |
| Exercise | Restricted Stock Units | 278 | $0.00 | -- |
| Exercise | Common Stock | 278 | $0.00 | -- |
| Tax Withholding | Common Stock | 118 | $6.92 | $816.56 |
| Exercise | Common Stock | 278 | $0.00 | -- |
| Tax Withholding | Common Stock | 118 | $6.92 | $816.56 |
Holdings After Transaction:
Restricted Stock Units — 38,890 shares (Direct, null);
Common Stock — 130,018 shares (Direct, null)
Footnotes (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 June 25, 2026 of $6.92. This transaction does not represent a sale by the reporting person The Company withheld 471 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 27, 2026 of $7.23. This transaction does not represent a sale by the reporting person 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. 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. 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
RSUs converted: 1,666 shares
Shares withheld for taxes: 707 shares
Tax price June 25, 2026: $6.92 per share
+3 more
6 metrics
RSUs converted
1,666 shares
Total RSUs converted into common stock on June 25 and 27, 2026
Shares withheld for taxes
707 shares
Common stock withheld for payroll taxes related to RSU vesting
Tax price June 25, 2026
$6.92 per share
Closing price used to calculate 118 withheld shares
Tax price June 27, 2026
$7.23 per share
Closing price used to calculate 471 withheld shares
Common shares held after
130,018 shares
Direct Crexendo common stock holdings after reported transactions
RSU vesting term
36 months
Each RSU grant vests in equal monthly installments over 36 months
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, vesting, +1 more
5 terms
Restricted Stock Units financial
"Each RSU represents the right to receive, upon vesting, one share of CXDO 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.
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 security financial
"Exercise or conversion of derivative security"
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.
vesting financial
"The RSUs will vest in equal monthly installments over 36 months"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
payroll taxes financial
"The Company withheld 118 shares of common stock for payment of the associated payroll taxes"
FAQ
What insider transactions did Crexendo (CXDO) CFO Vincent Ron report?
Vincent Ron reported RSU vesting that converted 1,666 restricted stock units into common shares, plus related tax-withholding transactions. These were compensation-related derivative exercises and not open-market purchases or sales, according to the transaction codes and detailed footnotes in the filing.
What RSU vesting schedule applies to the Crexendo (CXDO) CFO’s grants?
Footnotes state multiple RSU grants vest in equal monthly installments over 36 months. The vesting start dates are March 25, 2025, October 25, 2025, and June 27, 2026, with each schedule contingent on continuous employment and shares delivered upon vesting.
What do the F and M transaction codes mean in the Crexendo (CXDO) Form 4?
Code M indicates exercise or conversion of a derivative security, here RSUs converting into common stock. Code F covers payment of exercise price or tax liability by delivering securities, which in this filing reflects shares withheld for payroll taxes rather than discretionary sales.