Form 4: Crexendo COO Reports RSU Vesting, Tax Withholding

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

Summary

• Douglas Walter Gaylor, Chief Operating Officer of Crexendo, Inc. (CXDO), reported changes in his beneficial ownership of common stock.
• On January 25, 2026, Gaylor acquired a total of 554 shares of common stock (277 + 277) through the vesting of Restricted Stock Units (RSUs).
• The company withheld a total of 181 shares (90 + 91) of common stock at a price of $7.45 per share to cover associated payroll taxes.
• These transactions are not considered sales by the reporting person.
• Following these transactions, Gaylor's direct beneficial ownership of common stock is 262,972 shares.
• 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: 6

Explanation: Neutral to slightly positive. The filing reports routine RSU vesting and tax withholding, which is an expected part of executive compensation and indicates continued employment. It's not a direct sale by the insider, which is generally viewed more favorably than open market sales.

Positives

• Vesting of Restricted Stock Units indicates continued employment and alignment of management interests with shareholders.
• The increase in beneficial ownership (net of tax withholding) for the COO demonstrates ongoing commitment to the company.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance.

Industry Context

This routine insider transaction filing (Form 4) reflects standard executive compensation practices involving Restricted Stock Units and does not provide broader industry context or trends.

Comparison to Industry Standards

• This Form 4 filing details standard RSU vesting and tax withholding, which is a common practice in executive compensation across various industries. No specific comparable companies, projects, or results are mentioned within the filing to allow for a detailed comparison.

Stakeholder Impact

• Shareholders: The vesting and tax withholding are routine and reflect standard executive compensation, aligning management's interests with shareholders through equity ownership. The net increase in shares held by the COO could be seen as a positive signal of commitment.

Next Steps

• The filing indicates ongoing monthly vesting of Restricted Stock Units over 36 months, contingent on continuous employment.

Key Dates

Recommendation

This Form 4 filing details routine RSU vesting and tax withholding for a company executive. Such transactions are standard components of executive compensation and do not typically signal a change in the company's fundamental outlook or warrant a change in investment recommendation. The net increase in shares held by the COO, even after tax withholding, suggests continued alignment with shareholder interests, supporting a 'hold' position for existing investors.

Keywords

Crexendo, CXDO, Form 4, Insider Trading, Beneficial Ownership, Restricted Stock Units, RSU Vesting, Executive Compensation, Douglas Walter Gaylor, Chief Operating Officer