Form 4: Crexendo CEO's Routine Stock Transactions Reported

Crexendo CEO Jeffrey G. Korn reported the vesting of Restricted Stock Units and associated tax withholdings on December 25, 2025.

Summary

• Jeffrey G. Korn, Chief Executive Officer of Crexendo, Inc. (CXDO), reported changes in his beneficial ownership of company stock on December 25, 2025.
• The transactions involved the acquisition of 278 shares of common stock from the vesting of Restricted Stock Units (RSUs) at a price of $0.
• Concurrently, 68 shares of common stock were disposed of to cover associated payroll taxes, based on a closing stock price of $6.60 per share.
• A second set of transactions also occurred, involving the acquisition of another 278 shares of common stock from RSU vesting at $0, and the disposition of another 68 shares for tax withholding at $6.60 per share.
• The company withheld shares for tax purposes, which does not constitute a sale by the reporting person.
• Each RSU represents the right to receive one share of CXDO common stock upon vesting, contingent on continued employment.
• One tranche of RSUs vests in equal monthly installments over 36 months, commencing March 25, 2025.
• Another tranche of RSUs vests in equal monthly installments over 36 months, commencing October 25, 2025.
• Following these transactions, Jeffrey G. Korn directly beneficially owned 238,802 shares of common stock and 16,390 derivative securities (Restricted Stock Units).

Sentiment

Score: 6

Explanation: The filing reports routine executive compensation through RSU vesting and associated tax withholdings. This is a neutral event, but slightly positive as it indicates continued executive alignment with shareholder interests.

Positives

• The vesting of Restricted Stock Units indicates continued employment and alignment of the CEO's long-term interests with those of shareholders.
• The transactions are part of a routine executive compensation plan, reflecting standard practice for incentivizing management.

Future Outlook

The filing does not contain explicit forward-looking statements regarding company performance or strategic guidance. However, the ongoing vesting of Restricted Stock Units implies the CEO's continued employment and long-term commitment to the company.

Management Comments

• Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
• The Company withheld 68 shares of common stock for payment of the associated payroll taxes, using the closing stock price on December 25, 2025 of $6.60. This transaction does not represent a sale by the reporting person.

Industry Context

This Form 4 filing is specific to an individual executive's stock transactions and does not provide information directly related to broader industry trends or competitive landscape. It reflects standard executive compensation practices within publicly traded companies.

Stakeholder Impact

• Shareholders: The vesting of RSUs and continued executive ownership aligns management's interests with long-term shareholder value, which is generally viewed positively.

Next Steps

• Continued vesting of the remaining Restricted Stock Units according to their respective schedules (36-month monthly installments starting March 25, 2025, and October 25, 2025).

Key Dates

Recommendation

This Form 4 details routine executive compensation through Restricted Stock Unit vesting and associated tax withholdings. It does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The transactions reflect standard practices for executive equity incentives.

Keywords

Crexendo, CXDO, Form 4, Insider Transaction, Restricted Stock Units, RSU, Executive Compensation, Jeffrey G. Korn, Stock Ownership