Form 4: Crexendo CRO Brinton Reports RSU Vesting, Tax Withholding

Crexendo's Chief Revenue Officer, Jon Brinton, reported the vesting of Restricted Stock Units and associated tax withholdings on December 4 and 5, 2025.

Summary

• Jon Brinton, Crexendo's Chief Revenue Officer, reported transactions related to his beneficial ownership of company stock.
• On December 4, 2025, 2,917 shares of common stock were acquired upon the vesting of Restricted Stock Units (RSUs).
• Concurrently on December 4, 2025, 769 shares were withheld by the company at a price of $6.71 per share to cover associated payroll taxes.
• On December 5, 2025, an additional 2,916 shares of common stock were acquired upon the vesting of RSUs.
• Also on December 5, 2025, 769 shares were withheld by the company at a price of $6.64 per share for payroll taxes.
• Following these transactions, Brinton directly beneficially owns 120,728 shares of common stock.
• Remaining unvested Restricted Stock Units are 26,250 and 14,584, respectively, from the two grants.

Sentiment

Score: 5

Explanation: The filing is neutral, reporting routine executive compensation transactions without significant positive or negative implications for the company's operational or financial performance.

Positives

• The vesting of Restricted Stock Units indicates continued compensation and retention of a key executive.
• The transactions are part of a pre-arranged compensation plan, demonstrating stability in executive incentives.

Future Outlook

The filing details future vesting schedules for Restricted Stock Units, indicating ongoing equity compensation for the Chief Revenue Officer contingent on continued employment.

Industry Context

This Form 4 filing is a routine disclosure of executive equity compensation and does not provide broader industry context or trends. It reflects standard practices for incentivizing and retaining key personnel through equity awards.

Comparison to Industry Standards

• The reported RSU vesting and tax withholding transactions are standard practices for executive compensation in publicly traded companies.
• The specific terms of the RSU grants (e.g., 12-quarter vesting) are typical for long-term incentive plans designed to align executive interests with shareholder value over several years.
• No specific comparable companies or projects are mentioned in this filing.

Related Party Transactions

• The transactions involve the vesting of Restricted Stock Units and subsequent tax withholdings for Jon Brinton, the Chief Revenue Officer, which are compensation-related dealings between an executive and the company.

Stakeholder Impact

• Shareholders: The vesting and subsequent tax withholding are routine and reflect ongoing executive compensation, which is a standard operational cost. The increase in shares outstanding from vesting is minimal and expected.
• Employees: The filing highlights the company's use of equity compensation to incentivize and retain key executives, which can be a positive signal for other employees regarding compensation structures.

Next Steps

• Continued vesting of remaining Restricted Stock Units in equal quarterly installments.
• Delivery of shares upon future vesting events, subject to continuous employment.

Key Dates

Keywords

Crexendo, CXDO, Jon Brinton, Chief Revenue Officer, Form 4, SEC filing, Restricted Stock Units, RSU vesting, insider transaction, stock ownership, executive compensation