Form 4: Crexendo CEO's RSU Vesting and Tax Withholding

Crexendo, Inc. CEO Jeffrey G. Korn reported routine transactions involving the vesting of Restricted Stock Units and subsequent share withholding for tax obligations.

Summary

• Jeffrey G. Korn, Chief Executive Officer of Crexendo, Inc. (CXDO), reported transactions on November 25, 2025.
• Transactions included the acquisition of 278 shares of common stock twice, resulting from the vesting of Restricted Stock Units (RSUs) at an exercise price of $0.
• The company withheld 68 shares of common stock twice for payment of associated payroll taxes, based on a closing stock price of $6.96 on November 25, 2025.
• Following these transactions, Mr. Korn beneficially owns 230,608 and 230,818 shares of common stock directly.
• Mr. Korn also beneficially owns 7,501 and 9,445 Restricted Stock Units directly.
• Each RSU represents the right to receive one share of CXDO common stock upon vesting, contingent on continued employment.
• One batch of RSUs vests in equal monthly installments over 36 months, starting March 25, 2025.
• Another batch of RSUs vests in equal monthly installments over 36 months, starting October 25, 2025.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation (RSU vesting and tax withholding), which are expected and do not indicate any significant positive or negative operational or financial developments for the company.

Positives

• The vesting of Restricted Stock Units indicates continued employment and compensation for the Chief Executive Officer.
• The transactions are part of a pre-established compensation plan, demonstrating stability in executive remuneration.

Negatives

• No negative aspects are indicated by these routine compensation-related transactions.

Risks

• No specific risks are mentioned in this routine insider transaction report.

Future Outlook

No forward-looking statements or guidance are provided in this insider transaction report.

Industry Context

This filing is a routine disclosure of insider stock transactions and does not provide information relevant to broader industry trends or competitor analysis.

Stakeholder Impact

• Shareholders: Minimal direct impact as these are routine compensation events. The slight increase in outstanding shares from vesting is offset by tax withholding.
• Employees: The RSU vesting demonstrates the company's commitment to its executive compensation structure.

Next Steps

• Continued monthly vesting of the remaining Restricted Stock Units over their respective 36-month periods, contingent on continuous employment.

Key Dates

Keywords

Crexendo, CXDO, Jeffrey G. Korn, CEO, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Stock Compensation, Tax Withholding