Form 4: Crexendo CRO Brinton Reports Routine Share Transactions

Crexendo's Chief Revenue Officer, Jon Brinton, reported the vesting of Restricted Stock Units and subsequent tax-related share disposals.

Summary

• Jon Brinton, Chief Revenue Officer of Crexendo, Inc. (CXDO), reported changes in his beneficial ownership of common stock.
• On September 4, 2025, 2,917 shares of common stock were acquired through the vesting of Restricted Stock Units (RSUs).
• Concurrently on September 4, 2025, 769 shares were disposed of at a price of $6.49 per share to cover associated payroll taxes, not representing a sale by the reporting person.
• Following these transactions on September 4, 2025, Brinton's direct beneficial ownership of common stock was 114,285 shares.
• On September 5, 2025, an additional 2,917 shares of common stock were acquired through the vesting of RSUs.
• Also on September 5, 2025, 769 shares were disposed of at a price of $6.59 per share for payroll tax withholding, not representing a sale by the reporting person.
• After the September 5, 2025 transactions, Brinton's direct beneficial ownership of common stock increased to 116,433 shares.
• The RSUs vest in equal quarterly installments over 12 quarters, contingent on continuous employment, with vesting starting on June 4, 2025 for one batch and June 5, 2024 for another batch.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as it reflects routine RSU vesting, indicating continued executive compensation and alignment with company performance, without any negative discretionary sales.

Positives

• The vesting of Restricted Stock Units (RSUs) indicates the continued employment and long-term incentive alignment of a key executive, Jon Brinton, with the company's performance.
• The increase in beneficial ownership of common stock (after accounting for tax withholding) demonstrates the executive's ongoing stake in the company.

Future Outlook

The Restricted Stock Units (RSUs) held by Jon Brinton are scheduled to continue vesting in equal quarterly installments over 12 quarters, contingent on his continuous employment with Crexendo, Inc. This indicates a structured, long-term compensation plan for the Chief Revenue Officer.

Industry Context

This filing is a routine insider transaction report, common across all industries for publicly traded companies. It reflects standard equity compensation practices for executives, aligning their interests with long-term shareholder value.

Stakeholder Impact

• Shareholders: The filing provides transparency into the equity holdings and compensation structure of a key executive, which can influence investor confidence and perception of management alignment.
• Employees: The RSU vesting demonstrates the company's commitment to long-term incentive plans for its leadership, potentially impacting employee morale and retention strategies.

Next Steps

• Continued vesting of remaining Restricted Stock Units (RSUs) in equal quarterly installments over 12 quarters, subject to continuous employment.

Key Dates

Keywords

Crexendo, CXDO, Jon Brinton, Chief Revenue Officer, Restricted Stock Units, RSU vesting, insider transaction, beneficial ownership, Form 4, equity compensation