Form 4: Crexendo CFO Reports Stock & RSU Transactions

Crexendo's CFO, Ron Vincent, reported routine transactions involving common stock and restricted stock units, including tax-related share withholding and a new RSU grant.

Summary

• Ron Vincent, Chief Financial Officer of Crexendo, Inc. (CXDO), reported several transactions on September 25, 2025.
• These transactions included the acquisition of 277 shares of common stock resulting from the vesting of previously granted restricted stock units (RSUs).
• Concurrently, 76 shares of common stock were disposed of to cover associated payroll taxes, based on a closing stock price of $6.50 per share on the transaction date. This was not a discretionary sale by the reporting person.
• Vincent also received a new grant of 10,000 Restricted Stock Units (RSUs).
• Following these reported transactions, Vincent's direct beneficial ownership of common stock is 190,406 shares.
• His direct beneficial ownership of derivative securities includes 10,000 newly granted RSUs and 8,057 RSUs remaining from a previous grant.

Sentiment

Score: 7

Explanation: The filing indicates routine compensation-related transactions for a Chief Financial Officer, including a new grant of Restricted Stock Units, which aligns management's interests with shareholders. The disposition of shares was solely for tax purposes, not a discretionary sale, which is a neutral event.

Positives

• The new grant of 10,000 Restricted Stock Units to the Chief Financial Officer aligns management's long-term interests with those of shareholders.
• The acquisition of 277 common shares through RSU vesting demonstrates the realization of previously awarded equity compensation.

Negatives

• The disposition of 76 shares of common stock was solely for tax withholding purposes and does not represent a discretionary sale by the reporting person.

Future Outlook

The newly granted 10,000 Restricted Stock Units will vest in equal monthly installments over 36 months, commencing on October 25, 2025, contingent on continuous employment. The remaining 8,057 RSUs from a previous grant continue to vest in equal monthly installments over 36 months, having started on March 25, 2025.

Management Comments

• Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
• The company withheld 76 shares of common stock for payment of associated payroll taxes, using the closing stock price on September 25, 2025, of $6.50. This transaction does not represent a sale by the reporting person.

Industry Context

This Form 4 filing is a standard regulatory disclosure for insider transactions, reflecting routine equity compensation activities for a corporate executive. Such filings are common across publicly traded companies as part of their executive compensation structures and do not typically indicate broader industry trends.

Stakeholder Impact

• Shareholders: The new RSU grant further aligns the Chief Financial Officer's financial interests with the long-term performance of the company, potentially fostering greater commitment to shareholder value creation.

Next Steps

• Continued monthly vesting of the 10,000 newly granted Restricted Stock Units, starting October 25, 2025, over 36 months.
• Continued monthly vesting of the remaining 8,057 Restricted Stock Units from a previous grant, which commenced on March 25, 2025.

Key Dates

Keywords

Crexendo, CXDO, Form 4, Insider Transaction, Restricted Stock Units, RSU, CFO, Ron Vincent, Equity Compensation, Stock Vesting