4/A: Crexendo CFO Amends Filing, Discloses Stock Sale and RSU Vesting

Crexendo's Chief Financial Officer, Ron Vincent, filed an amended Form 4 to report a stock sale under a 10b5-1 plan and subsequent RSU vestings and tax withholdings.

Summary

• Ron Vincent, Chief Financial Officer of Crexendo, Inc. (CXDO), filed an amended Form 4 to correct a previous filing.
• The amendment includes a sale of 1,011 shares of common stock at a price of $7.784 per share on January 22, 2026.
• This sale was executed pursuant to a Rule 10b5-1(c) plan established on December 9, 2024.
• On January 25, 2026, Mr. Vincent acquired 277 shares of common stock twice through the vesting of Restricted Stock Units (RSUs) at a price of $0.
• The company withheld 90 shares and 91 shares of common stock on January 25, 2026, at a price of $7.45 per share, to cover associated payroll taxes for the RSU vestings.
• Following these transactions, Mr. Vincent beneficially owns 172,635 shares of common stock directly and 8,890 derivative Restricted Stock Units.

Sentiment

Score: 5

Explanation: The filing is a standard insider transaction report (Form 4/A) detailing pre-planned stock sales and RSU vestings, which are routine and do not inherently indicate positive or negative sentiment about the company's performance.

Positives

• The sale of common stock was conducted under a Rule 10b5-1(c) plan, indicating a pre-arranged transaction not based on material nonpublic information at the time the plan was entered into.
• The vesting of Restricted Stock Units (RSUs) represents a form of equity compensation, aligning management's interests with shareholders and indicating continued employment.

Negatives

• A sale of common stock by a Chief Financial Officer, even under a 10b5-1 plan, reduces their direct beneficial ownership in the company.

Future Outlook

This filing is an insider transaction report and does not contain any forward-looking statements or guidance regarding the company's future performance or strategic outlook.

Management Comments

• "This sale was made pursuant to a plan intended to comply with Rule 10b5-1(c), previously entered into on December 9, 2024, at which time Mr. Vincent was not aware of material nonpublic information."
• "Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment."
• "The Company withheld 90 shares of common stock for payment of the associated payroll taxes, using the closing stock price on January 25, 2026 of $7.45. This transaction does not represent a sale by the reporting person."
• "The RSUs vest in equal monthly installments over 36 months starting on March 25, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting."
• "The Company withheld 91 shares of common stock for payment of the associated payroll taxes, using the closing stock price on January 25, 2026 of $7.45. This transaction does not represent a sale by the reporting person."
• "The RSUs vest in equal monthly installments over 36 months starting on October 25, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting."

Industry Context

This Form 4/A filing is a routine disclosure of insider transactions and does not provide information relevant to broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: The sale of common stock by the CFO slightly reduces their direct ownership, while RSU vestings represent ongoing equity incentives. The 10b5-1 plan mitigates concerns about opportunistic insider trading.
• Employees: The RSU vesting terms emphasize continuous employment, which is a standard practice for retaining key personnel.

Next Steps

• Continued vesting of Restricted Stock Units in equal monthly installments over 36 months, contingent on continuous employment.

Key Dates

Keywords

Crexendo, CXDO, Form 4/A, Insider Transaction, Stock Sale, RSU Vesting, Chief Financial Officer, Ron Vincent, 10b5-1 Plan, Beneficial Ownership