Form 4: Crexendo CFO Ron Vincent Reports RSU Vesting, Tax Withholding

Crexendo's Chief Financial Officer, Ron Vincent, reported the vesting of Restricted Stock Units and associated tax withholdings on September 4 and 5, 2025.

Summary

• Crexendo's Chief Financial Officer, Ron Vincent, reported transactions involving the vesting of Restricted Stock Units (RSUs) and subsequent tax withholdings.
• On September 4, 2025, 5,000 shares of common stock were acquired upon the vesting of RSUs.
• Concurrently, 1,368 shares of common stock were withheld by the company for payroll taxes at a price of $6.49 per share.
• On September 5, 2025, an additional 4,167 shares of common stock were acquired upon the vesting of RSUs.
• Following this, 1,140 shares of common stock were withheld for payroll taxes at a price of $6.59 per share.
• These withholdings for tax purposes do not represent a sale by Mr. Vincent.
• After these transactions, Mr. Vincent directly beneficially owns 190,205 shares of Crexendo common stock.
• The RSUs vest in equal quarterly installments over 12 quarters, with one batch starting June 4, 2025, and another starting June 5, 2024, contingent on continuous employment.

Sentiment

Score: 5

Explanation: The filing is neutral, reporting routine executive compensation transactions (RSU vesting and tax withholding) without indicating any significant positive or negative operational or financial news for the company.

Positives

• The vesting of Restricted Stock Units indicates continued compensation and retention of a key executive, Ron Vincent, the Chief Financial Officer.
• The transactions reflect the execution of a pre-existing compensation plan, demonstrating stability in executive incentives.

Future Outlook

The filing details the vesting schedule for Restricted Stock Units, indicating future share deliveries contingent on continued employment, with vesting occurring in equal quarterly installments over 12 quarters for both reported grants.

Management Comments

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

Industry Context

This Form 4 filing is a routine disclosure of insider transactions related to executive compensation. It reflects standard practices for publicly traded companies to compensate executives with equity, aligning their interests with shareholders. The specific transactions do not provide broader industry insights.

Related Party Transactions

• The transactions involve the Chief Financial Officer, Ron Vincent, receiving shares from Crexendo, Inc. as part of his compensation plan, which is a standard related-party transaction for executive equity awards.

Stakeholder Impact

• Shareholders: The vesting of RSUs dilutes existing shares slightly over time as new shares are issued, but it also aligns executive incentives with shareholder value. The tax withholding transactions are neutral.
• Employees: The filing highlights the company's executive compensation structure, which may influence broader employee compensation strategies.

Next Steps

• Continued vesting of remaining Restricted Stock Units in equal quarterly installments over 12 quarters, contingent on continuous employment.
• Delivery of shares upon future vesting events.

Key Dates

Keywords

Crexendo, CXDO, Ron Vincent, Form 4, SEC filing, Restricted Stock Units, RSU vesting, insider transaction, CFO, stock compensation, tax withholding