Form 4: Crexendo CFO Ron Vincent Reports Stock Transactions

Crexendo's Chief Financial Officer, Ron Vincent, reported the vesting of Restricted Stock Units and subsequent tax-related share withholdings on November 25, 2025.

Summary

• Ron Vincent, Chief Financial Officer of Crexendo, Inc. (CXDO), reported multiple transactions on November 25, 2025.
• Acquired 278 shares of common stock through the vesting of Restricted Stock Units (RSUs) at a price of $0.
• Disposed of 77 shares of common stock for the payment of associated payroll taxes, based on a closing stock price of $6.96 on November 25, 2025. This transaction does not represent a sale by the reporting person.
• Acquired an additional 278 shares of common stock through the vesting of Restricted Stock Units (RSUs) at a price of $0.
• Disposed of 76 shares of common stock for the payment of associated payroll taxes, based on a closing stock price of $6.96 on November 25, 2025. This transaction does not represent a sale by the reporting person.
• Following these reported transactions, beneficial ownership of common stock is 166,212 shares.
• Beneficial ownership of derivative securities (Restricted Stock Units) is 9,445 units.
• The RSUs vest in equal monthly installments over 36 months, with vesting starting on March 25, 2025, and October 25, 2025, respectively, contingent on continuous employment.

Sentiment

Score: 6

Explanation: Slightly positive as it reflects ongoing executive compensation and retention through equity vesting, which aligns management's interests with shareholders. No negative implications are present.

Positives

• The vesting of Restricted Stock Units (RSUs) indicates continued employment of the Chief Financial Officer, aligning management's interests with shareholders.
• The net acquisition of 303 common shares (456 shares acquired through vesting minus 153 shares withheld for taxes) increases the CFO's direct ownership in the company.

Negatives

• No direct negatives are present; the share withholdings for tax purposes are a standard practice and not a discretionary sale by the reporting person.

Future Outlook

The filing indicates ongoing vesting of Restricted Stock Units for the Chief Financial Officer, contingent on continuous employment, with shares to be delivered upon vesting over the next 36 months from their respective grant dates.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions related to executive compensation. It reflects standard practice for publicly traded companies to compensate executives with equity, aligning their interests with long-term company performance. Such filings are common across all industries and do not provide specific industry-related insights beyond the company's compensation structure.

Stakeholder Impact

• Shareholders: Minor, routine dilution from RSU vesting, which is a standard component of executive compensation. The increase in CFO's direct ownership could be seen as a positive alignment of interests.
• Employees: Reinforces the company's commitment to equity-based compensation for key personnel, potentially boosting morale and retention for other employees with similar plans.

Next Steps

• Continued monthly vesting of remaining Restricted Stock Units over 36 months from their respective start dates (March 25, 2025, and October 25, 2025).
• Delivery of common stock shares to the CFO upon future vesting events, contingent on continuous employment.

Key Dates

Keywords

Crexendo, CXDO, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Beneficial Ownership, Chief Financial Officer, Ron Vincent