Form 4: Crexendo COO Reports RSU Vesting and Tax Withholding

Crexendo, Inc.'s Chief Operating Officer, Douglas Walter Gaylor, reported routine acquisitions of common stock through Restricted Stock Unit vesting and subsequent tax-related share withholdings.

Summary

• Douglas Walter Gaylor, Chief Operating Officer of Crexendo, Inc. (CXDO), reported transactions involving the company's common stock.
• On December 4, 2025, 5,000 Restricted Stock Units (RSUs) vested, resulting in the acquisition of 5,000 shares of common stock at a price of $0.
• Concurrently on December 4, 2025, 1,368 shares of common stock were withheld by the company for the payment of associated payroll taxes, based on a closing stock price of $6.71 per share.
• On December 5, 2025, an additional 4,166 RSUs vested, leading to the acquisition of 4,166 shares of common stock at a price of $0.
• On December 5, 2025, 1,140 shares of common stock were withheld for payroll taxes, based on a closing stock price of $6.64 per share.
• Following these transactions, Mr. Gaylor's direct beneficial ownership of common stock increased to 247,170 shares after the December 4th transactions and further to 250,196 shares after the December 5th transactions.
• Mr. Gaylor now directly beneficially owns 45,000 Restricted Stock Units (RSUs) from one grant and 20,834 RSUs from another grant, which vest quarterly over 12 quarters.

Sentiment

Score: 6

Explanation: Slightly positive due to increased insider ownership through RSU vesting, indicating continued commitment, offset by the routine nature of the tax withholding.

Positives

• The Chief Operating Officer acquired additional common stock through the vesting of Restricted Stock Units, increasing his direct beneficial ownership.
• The vesting of RSUs demonstrates continued alignment of management's interests with shareholders.

Negatives

• A portion of the vested shares was withheld by the company for tax obligations, reducing the net shares received by the reporting person.

Future Outlook

The reporting person has remaining Restricted Stock Units that will continue to vest in equal quarterly installments over 12 quarters, contingent on continuous employment.

Industry Context

This filing represents a routine insider transaction related to equity compensation, common across publicly traded companies as a mechanism to align executive incentives with shareholder value. It does not provide specific insights into broader industry trends.

Stakeholder Impact

• Shareholders: Increased insider ownership may be viewed positively as it aligns management's interests with shareholder value.
• Employees: The RSU vesting structure is a common form of employee compensation, reinforcing retention and performance incentives.

Next Steps

• Continued quarterly vesting of remaining Restricted Stock Units for Douglas Walter Gaylor, subject to continuous employment.

Key Dates

Keywords

Crexendo, CXDO, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Beneficial Ownership, Stock Compensation, Chief Operating Officer