Form 4: Crexendo CTO Reports Routine Stock Transactions

Crexendo's Chief Technology Officer, David Tzat-kin Wang, reported recent acquisitions of common stock through RSU vesting and subsequent tax-related dispositions.

Summary

• Chief Technology Officer David Tzat-kin Wang reported transactions involving Crexendo, Inc. common stock.
• On December 4, 2025, 2,083 shares of common stock were acquired through the vesting of Restricted Stock Units (RSUs) at a price of $0.
• On the same date, 1,058 shares of common stock were disposed of at a price of $6.71 to cover associated payroll taxes, which does not represent a sale by the reporting person.
• On December 5, 2025, an additional 2,916 shares of common stock were acquired through RSU vesting at a price of $0.
• Also on December 5, 2025, 1,481 shares of common stock were disposed of at a price of $6.64 for the payment of associated payroll taxes, not a sale by the reporting person.
• Following these transactions, beneficial ownership of common stock stands at 454,125 shares.
• The reporting person holds 14,584 derivative securities (Restricted Stock Units) after the reported transactions.

Sentiment

Score: 5

Explanation: The filing details routine insider transactions related to executive compensation (RSU vesting and tax withholding). These are expected events and do not inherently indicate positive or negative operational performance or strategic shifts, thus warranting a neutral sentiment.

Positives

• The acquisition of shares through RSU vesting indicates the continued compensation and retention of a key executive, the Chief Technology Officer.
• RSU vesting is a standard component of executive compensation packages, aligning management interests with shareholder value over time.

Negatives

• The disposition of shares for tax withholding, while routine, results in a reduction of the reporting person's direct share ownership.

Future Outlook

The remaining Restricted Stock Units will continue to vest in equal quarterly installments over 12 quarters, contingent on continuous employment, indicating future share deliveries to the Chief Technology Officer.

Industry Context

Insider transaction reports (Form 4s) are routine disclosures for publicly traded companies, detailing changes in beneficial ownership by officers, directors, and significant shareholders. These transactions, involving RSU vesting and tax withholding, are standard practices for executive compensation.

Stakeholder Impact

• Shareholders: The transactions are routine and reflect standard executive compensation practices, with minimal direct impact on current share price or company operations. The vesting of RSUs aligns executive incentives with long-term shareholder value.
• Employees: The RSU vesting demonstrates the company's commitment to executive compensation and retention strategies.

Next Steps

• Continued vesting of remaining Restricted Stock Units according to their respective schedules, subject to continuous employment.

Key Dates

Keywords

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