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 and associated tax withholding.

Summary

• On April 25, 2025, Douglas Walter Gaylor, the Chief Operating Officer of Crexendo, Inc. (CXDO), reported transactions involving Crexendo's common stock and restricted stock units (RSUs).
• Gaylor vested 278 RSUs, each representing the right to receive one share of CXDO common stock upon vesting, contingent on continued employment.
• The company withheld 77 shares of common stock at a price of $4.75 per share to cover payroll taxes associated with the vesting of the RSUs.
• Following these transactions, Gaylor directly owns 230,409 shares of Crexendo common stock and 9,445 derivative securities (RSUs).

Sentiment

Score: 5

Explanation: This is a neutral report on insider trading activity, with no inherent positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the issuance of shares related to executive compensation.
• Employees who are granted RSUs may be impacted positively as their compensation increases.

Key Dates

Keywords

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