Crexendo, Inc. filings document the formal disclosure record for its cloud communications and UCaaS software business. Recent Form 8-K reports include financial results furnished with service, software solutions and product revenue categories, operating expense metrics, net income, EBITDA and adjusted EBITDA measures.
The filing record also covers material corporate events and governance matters, including the completed acquisition of Estech Systems, LLC, a credit agreement with revolving and term-loan facilities, annual meeting voting results, director elections, advisory compensation votes, and Regulation FD investor-presentation disclosures. These filings describe Crexendo's financing arrangements, capital actions, shareholder approvals, governance structure and operating performance as a public software technology company.
Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported multiple transactions in the company’s common stock. He completed open-market sales totaling 40,000 shares at prices of $9.00, $8.50 and $8.1565 per share, and now holds 208,615 shares directly. In connection with restricted stock units (RSUs), 278 RSUs were converted into common shares at a $0.00 exercise price, with 68 of those shares withheld to cover payroll taxes at a price of $8.17 per share; the filing notes this tax withholding does not represent a sale. After these transactions, he also holds 9,167 RSUs, which vest in equal monthly installments over 36 months starting on March 4, 2026, with delivery of shares upon vesting. One of the reported sales was carried out under a pre-arranged Rule 10b5-1(c) trading plan entered into on December 9, 2024.
Crexendo, Inc. Chief Operating Officer Douglas Walter Gaylor reported a mix of stock sales, purchases, and equity compensation events involving Crexendo common shares. He sold 20,000 shares at a weighted average price of $9.3736 and 10,000 shares at $8.6601 in open‑market transactions, while purchasing 10,000 shares at $8.1541. A total of 77 shares were withheld at $8.17 on May 4, 2026 to cover payroll taxes, which the company notes does not represent a sale by him.
Gaylor also exercised 278 restricted stock units into an equal number of common shares, with each RSU representing one share upon vesting. Following these transactions, he holds 231,413 shares of common stock directly and 9,167 restricted stock units that vest in equal monthly installments over 36 months starting March 4, 2026. The filing notes that at least one sale was executed under a pre‑arranged Rule 10b5‑1(c) trading plan.
Muriel Siebert & Co., Inc. submitted a Form 144 reporting proposed sales of Common Stock. The filing lists specific equity events with dates and quantities, including RSU vesting on 10/17/2022 (7,358 shares) and option exercises on 12/08/2022 (30,000 shares).
The table also shows additional vesting and exercise entries on 11/12/2022 (500 shares), 12/12/2022 (500 shares) and 12/27/2022 (1,642 shares), and several Common Stock line items with dates in 05/2026 and amounts such as 10,000 and 20,000.
Crexendo, Inc. entered into a new Credit Agreement with Wells Fargo Bank on May 1, 2026, adding two debt facilities: a revolving line of credit of up to $5,000,000 and a $5,000,000 term loan. The term loan proceeds will finance and reimburse the recent acquisition of Estech Systems, LLC and related fees, while the revolving line can also support working capital and other general corporate purposes, with up to $2,500,000 available for standby letters of credit.
Both facilities bear interest at 2.25%–2.75% over SOFR, depending on Crexendo’s total net leverage ratio, and mature on May 1, 2029. Subsidiaries guarantee the obligations and substantially all assets secure them, subject to exceptions. The agreement includes leverage, fixed charge coverage and capital expenditure covenants, and customary events of default that could lead to acceleration of the loans or termination of the credit line if breached.
Crexendo, Inc. reported Q1 2026 revenue of $20.7M, up from $16.1M a year earlier, driven by growth in both cloud telecommunications and software solutions. Net income was $0.6M, down from $1.2M, as operating expenses and amortization increased.
Total assets rose to $91.3M, with cash and cash equivalents declining to $7.2M after closing the ESI acquisition. The company acquired ESI for total consideration of $34.7M, including $27.3M in cash and $7.4M in stock, adding new customer relationships, intangibles, and goodwill.
Crexendo reported strong growth for the quarter ended March 31, 2026, with total revenue up 29% to $20.7 million driven by gains across service, software and product revenue. The company remained profitable on a GAAP basis, posting net income of $0.6 million, or $0.02 per share.
Non-GAAP net income rose to $3.3 million, or $0.10 per share, and Adjusted EBITDA increased to $3.2 million. Operating expenses grew faster than revenue, up 36% to $20.3 million, reflecting higher costs and the impact of the Estech Systems (ESI) acquisition.
Cash from operations improved to $2.0 million, but total cash and equivalents fell to $7.2 million from $31.4 million at year-end, primarily due to $26.2 million of cash used to acquire ESI and stock consideration of $7.4 million. Management highlighted ongoing integration progress, early synergies, and reiterated a trajectory toward $100 million in annual revenue.
Crexendo, Inc. Chief Operating Officer Douglas Walter Gaylor reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. He exercised derivative awards to acquire 832 shares of Crexendo common stock, while 229 shares were withheld by the company to cover payroll taxes.
The tax-withholding dispositions used closing stock prices of $6.19 and $6.82 per share, and the footnotes state these transactions do not represent sales by Gaylor. After these transactions, he directly held 270,810 shares of Crexendo common stock. The RSUs referenced in the filing vest in equal monthly installments over 36 months from various start dates, contingent on continued employment, with shares delivered upon vesting.
Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. The filing shows exercises of RSUs into common stock alongside dispositions where the company withheld shares to cover payroll tax obligations at prices of $6.19 and $6.82 per share. Footnotes clarify these tax-withholding transactions do not represent open-market sales by the executive.
Crexendo, Inc. Chief Financial Officer Vincent Ron reported routine equity compensation activity involving restricted stock units (RSUs) and related tax withholding. RSUs converted into a total of 832 shares of common stock through several derivative exercises at a stated price of $0.00 per share.
To cover payroll taxes upon vesting, the company withheld 229 shares of common stock, including 77 shares at $6.19 and 76-share blocks at $6.82, as noted in the footnotes. These tax-withholding dispositions are not open-market sales by the executive. Following the transactions, Ron directly holds 180,473 shares of Crexendo common stock, with additional RSUs scheduled to vest in equal monthly installments over 36 months under multiple grant schedules.