Form 4: Crexendo COO Douglas Gaylor Reports RSU Vesting and Grant

Crexendo Chief Operating Officer Douglas Gaylor acquired 556 shares via RSU vesting and was granted 40,000 new restricted stock units.

Summary

• COO Douglas Gaylor acquired 556 shares of common stock through the vesting of Restricted Stock Units (RSUs) on May 25, 2026.
• The company withheld 153 shares total to cover payroll tax obligations related to the vesting events.
• Douglas Gaylor received a new grant of 40,000 RSUs on May 27, 2026.
• Following these transactions, the reporting person holds 227,816 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding executive compensation and equity ownership, which carries no significant market sentiment implications.

Positives

• The executive continues to maintain a significant equity stake in the company, totaling 227,816 shares.
• The issuance of 40,000 RSUs aligns the COO's long-term incentives with shareholder interests.

Negatives

• The company withheld 153 shares to satisfy tax obligations, which is a standard administrative procedure but reduces the net shares acquired by the executive.

Risks

• Vesting of RSUs is contingent upon continued employment with the issuer.

Future Outlook

The newly granted 40,000 RSUs will vest in equal monthly installments over 36 months, beginning June 27, 2026, subject to continued employment.

Management Comments

• Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.

Industry Context

StockSavvy.ai notes that this filing reflects standard executive compensation practices within the telecommunications and software-as-a-service (SaaS) sectors, where equity-based incentives are used to retain key leadership.

Comparison to Industry Standards

• The use of RSU vesting and tax withholding is consistent with standard corporate governance practices for publicly traded technology companies.
• The 36-month vesting schedule for equity grants is in line with industry norms for executive retention.

Stakeholder Impact

• Shareholders may view the continued equity alignment of the COO as a positive indicator of management commitment.

Next Steps

• The 40,000 newly granted RSUs will begin vesting on June 27, 2026.

Key Dates

Keywords

Crexendo, CXDO, Form 4, Insider Trading, Restricted Stock Units, Equity Compensation