Form 4: Crexendo Inc. Executive Douglas Walter Gaylor Reports Stock Transactions

Crexendo's Chief Operating Officer, Douglas Walter Gaylor, reports the vesting of Restricted Stock Units (RSUs) and associated tax withholding.

Summary

• On March 25, 2025, Douglas Walter Gaylor, the Chief Operating Officer of Crexendo, Inc. (CXDO), reported transactions involving common stock and Restricted Stock Units (RSUs).
• 277 RSUs vested, each representing the right to receive one share of CXDO common stock upon vesting, contingent on continued employment.
• The vesting occurs in equal monthly installments over 36 months starting March 25, 2025.
• The company withheld 68 shares of common stock at a price of $5.67 for payment of associated payroll taxes.
• Following these transactions, Gaylor directly owns 243,593 shares of Crexendo common stock and 9,723 derivative securities (RSUs).

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting standard compensation practices; it doesn't inherently indicate positive or negative sentiment.

Future Outlook

The RSUs will continue to vest in equal monthly installments over the next 36 months, contingent on continued employment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices involving stock-based awards.

Stakeholder Impact

• The vesting of RSUs aligns executive compensation with company performance, potentially benefiting shareholders.

Key Dates

Keywords

Form 4, Crexendo, CXDO, Insider Trading, Douglas Walter Gaylor, Restricted Stock Units, RSU, Stock Options, Beneficial Ownership, Securities Exchange Act