Form 4: Crexendo CFO Reports Routine Stock Transactions

Crexendo's Chief Financial Officer, Ron Vincent, reported the vesting of Restricted Stock Units and subsequent tax-related share withholdings.

Summary

• Ron Vincent, Chief Financial Officer of Crexendo, Inc. (CXDO), reported changes in his beneficial ownership of common stock.
• On October 25, 2025, 278 shares of common stock were acquired through the vesting of Restricted Stock Units (RSUs).
• On the same date, 76 shares were disposed of to cover associated payroll taxes, based on a closing stock price of $6.40 per share.
• Another 277 shares of common stock were acquired on October 25, 2025, from a separate RSU vesting event.
• An additional 76 shares were disposed of on October 25, 2025, for payroll tax obligations, also at $6.40 per share.
• Following these transactions, Mr. Vincent beneficially owns 190,809 shares of common stock directly.
• He also holds 7,779 Restricted Stock Units from one grant and 9,723 Restricted Stock Units from another grant, which represent the right to receive common stock upon vesting.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive, reflecting routine executive compensation and continued employment, without indicating any significant operational or financial changes.

Positives

• The vesting of Restricted Stock Units indicates continued employment and compensation for the Chief Financial Officer.
• The transactions are part of a routine compensation plan, reflecting stability in executive incentives.

Negatives

• A portion of the vested shares was withheld by the company to cover payroll taxes, reducing the net shares received by the reporting person.

Future Outlook

The remaining Restricted Stock Units are scheduled to vest in equal monthly installments over 36 months, contingent on continuous employment, with shares to be delivered upon vesting.

Management Comments

• Each RSU represents the right to receive one share of CXDO common stock upon vesting, contingent on continued employment.
• The company withheld shares of common stock for payment of associated payroll taxes, which does not represent a sale by the reporting person.

Industry Context

This filing is a routine disclosure of insider stock transactions, common across all publicly traded companies, and does not provide specific insights into broader industry trends for Crexendo, Inc. or its competitors.

Stakeholder Impact

• Shareholders: Minor, routine dilution from RSU vesting is expected as part of executive compensation plans.
• Employees: No direct impact beyond the reporting person's compensation.

Next Steps

• Continued monthly vesting of the remaining Restricted Stock Units over 36 months, subject to continuous employment.

Key Dates

Keywords

Crexendo, CXDO, Ron Vincent, CFO, Restricted Stock Units, RSU, Insider Transaction, Beneficial Ownership, Stock Vesting, Form 4