Crexendo, Inc. (CXDO) SEC Filings, Jul-Aug 2026

Crexendo, Inc. Chief Financial Officer Vincent Ron exercised 278 restricted stock units into an equal number of common shares on August 4, 2026. The company withheld 118 shares at the $7.47 closing price to cover payroll taxes, a tax-withholding transaction rather than an open-market sale. After this vesting, Ron holds 8,334 RSUs that continue to vest in equal monthly installments over 36 months starting March 4, 2026, contingent on continued employment.

Crexendo, Inc. Chief Financial Officer Vincent Ron reported the vesting of 278 Restricted Stock Units on August 4, 2026, converting into an equal number of common shares at no cash exercise price. To cover payroll taxes, the company withheld 118 common shares at the $7.47 closing price, which is explicitly stated not to be a market sale. The RSU grant vests in equal monthly installments over 36 months starting March 4, 2026, and Ron continues to hold 8,334 RSUs after this vesting event.

Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported the vesting and settlement of 278.0000 Restricted Stock Units into an equal number of shares of common stock on August 4, 2026. The RSUs vest in equal monthly installments over 36 months starting on March 4, 2026, subject to continuous employment, with 8334.0000 Restricted Stock Units reported as beneficially owned following this transaction. To cover payroll tax obligations related to this vesting, the company withheld 68.0000 shares of common stock at the August 4, 2026 closing price of $7.47 per share; this withholding is explicitly described as not representing a sale by Korn.

Crexendo Chief Operating Officer Douglas Walter Gaylor reported the vesting and conversion of 278 Restricted Stock Units into an equal number of common shares on August 4, 2026. To cover payroll taxes, the company withheld 77 shares valued at $7.47 per share, which was not treated as a sale by him. Following this event, he directly holds 8,334 RSUs that vest in equal monthly installments over 36 months starting March 4, 2026, contingent on continued employment.

Crexendo, Inc. Chief Technology Officer Christopher Ryan Aaker reports his initial beneficial ownership of company equity. Holdings include stock options to purchase 10,000 common shares at $2.7200 expiring 2032-10-24 and 20,000 shares at $1.8800 expiring 2033-03-14, several restricted stock unit grants tied to multi-year quarterly vesting schedules, and 8,666 shares of common stock held directly.

Crexendo, Inc. reported higher Q2 2026 revenue of $24,646 (in thousands), up from $16,552 (in thousands) a year earlier, with growth in both Cloud Telecommunications and Software Solutions. Service and product revenues increased, while software solutions revenue also rose.

Despite this growth, Q2 net income was $1,051 (in thousands), below $1,232 a year earlier, as operating expenses and amortization increased. In March 2026 the company acquired ESI for total consideration of $34,733 (including $27,300 cash and $7,433 in common stock), adding goodwill of $4,716 and raising intangible assets to $38,302 (in thousands). Cash and cash equivalents declined to $18,289 from $31,378 at December 31, 2025, largely due to $26,209 of acquisition-related investing outflows, while operating cash flow for the first half of 2026 improved to $4,788 (in thousands).

Crexendo, Inc. reported strong results for the quarter ended June 30, 2026, with total revenue up 49% year-over-year to $24.6 million. Service revenue grew 78% to $14.9 million, software solutions revenue increased 5% to $7.3 million, and product revenue rose 104% to $2.5 million. GAAP net income was $1.1 million ($0.03 per share), while non-GAAP net income reached $4.1 million ($0.12 per share). Adjusted EBITDA was $4.1 million, compared with $2.8 million a year earlier.

For the first six months of 2026, revenue increased 39% to $45.4 million, with non-GAAP net income of $7.3 million and Adjusted EBITDA of $7.3 million. Cash provided by operating activities rose 89% to $4.8 million. Cash and cash equivalents were $18.3 million at June 30, 2026, down from $31.4 million, reflecting $26.2 million used for an acquisition. The company issued $5.0 million of notes payable and $7,433 thousand of stock for that acquisition. Management highlighted 11 new platform logos versus 2 a year earlier, strong early contributions from the ESI acquisition, and positive reception of new AI offerings, which are expected to become meaningful to revenue in 2027.

Crexendo, Inc. appointed longtime technology leader Chris Aaker as Chief Technology Officer, effective August 1, 2026, as part of a planned succession in its technology leadership.

Current CTO and NetSapiens co-founder David Wang will remain with the company full-time as Senior Vice President of Platform and Architecture. Aaker, now Senior Vice President of Engineering, has spent nearly two decades with NetSapiens and Crexendo, leading strategy and engineering for the NetSapiens platform, which serves nearly eight million users. He has contributed to platform modernization, cloud architecture, security, artificial intelligence initiatives and technical due diligence, and is a named inventor on a U.S. communications patent. Crexendo’s cloud communication solutions support over seven million end users globally through more than 245 cloud communication platform software subscribers and its direct retail offering.

Crexendo, Inc. Chief Financial Officer Vincent Ron reported the vesting and conversion of RSU awards into 1666 shares of common stock on July 25 and July 27, 2026. The company withheld 707 shares at $6.62 and $6.92 per share to cover payroll taxes, which footnotes state do not represent sales. The RSUs vest in equal monthly installments over 36 months from their respective start dates, subject to continuous employment, with shares delivered upon vesting.