Form 4: Crexendo CEO Jeffrey Korn Reports Stock Transactions

Crexendo's CEO, Jeffrey Korn, reports the vesting of restricted stock units and the withholding of shares for tax obligations.

Summary

• On March 25, 2025, Jeffrey Korn, CEO of Crexendo, Inc., reported transactions involving Crexendo's common stock.
• 277 Restricted Stock Units (RSUs) vested, each representing the right to receive one share of CXDO common stock upon vesting, contingent on continued employment.
• The RSUs vest in equal monthly installments over 36 months starting on March 25, 2025, until fully vested.
• The company withheld 68 shares of common stock at a price of $5.67 for payment of associated payroll taxes.
• Following these transactions, Korn directly owns 243,593 shares of Crexendo common stock and 9,723 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.

Stakeholder Impact

• The transactions have a minor impact on the total outstanding shares of Crexendo.
• Shareholders can monitor insider transactions to gain insights into management's perspective on the company's stock.

Key Dates

Keywords

Form 4, Crexendo, CXDO, Jeffrey Korn, Stock Options, Restricted Stock Units, Insider Trading, Beneficial Ownership