Form 4: Crexendo COO Reports Routine RSU Vesting and Tax Withholding

Crexendo's Chief Operating Officer, Douglas Walter Gaylor, reported the vesting of 556 Restricted Stock Units and subsequent tax-related share withholdings on November 25, 2025.

Summary

• Douglas Walter Gaylor, Chief Operating Officer of Crexendo, Inc. (CXDO), reported changes in beneficial ownership.
• On November 25, 2025, 278 Restricted Stock Units (RSUs) vested, converting into 278 shares of common stock at a price of $0.
• Concurrently, 77 shares of common stock were withheld by the company for payroll taxes, using the closing stock price of $6.96 per share on November 25, 2025.
• An additional 278 Restricted Stock Units (RSUs) vested, converting into 278 shares of common stock at a price of $0.
• Another 76 shares of common stock were withheld by the company for payroll taxes, using the closing stock price of $6.96 per share on November 25, 2025.
• Following these transactions, Mr. Gaylor directly beneficially owns 243,538 shares of common stock and 9,445 derivative Restricted Stock Units.
• The RSUs vest in equal monthly installments over 36 months, with vesting periods starting March 25, 2025, and October 25, 2025, contingent on continuous employment.

Sentiment

Score: 5

Explanation: The filing reports routine, pre-scheduled executive compensation events (RSU vesting and tax withholding), which are neither inherently positive nor negative for the company's operational or financial outlook.

Positives

• The vesting of 556 Restricted Stock Units (RSUs) indicates ongoing compensation and retention of a key executive.
• The conversion of RSUs into common stock increases the executive's direct ownership in the company, aligning interests with shareholders.

Negatives

• A total of 153 shares of common stock were withheld by the company to cover associated payroll taxes, reducing the net shares received by the executive.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report and does not provide information relevant to broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine compensation event, reflecting pre-existing agreements. It aligns executive interests with shareholders through equity ownership.
• Employees: Reflects standard executive compensation practices, potentially influencing morale or expectations regarding equity incentives.

Next Steps

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

Key Dates

Keywords

Crexendo, CXDO, Form 4, insider transaction, RSU, restricted stock units, beneficial ownership, Chief Operating Officer, executive compensation, stock vesting, tax withholding