4/A: Crexendo Inc. Officer Corrects Beneficial Ownership Report

Douglas Walter Gaylor, Chief Operating Officer of Crexendo Inc., files an amended Form 4 to correct the amount of securities beneficially owned.

Summary

• Douglas Walter Gaylor, the Chief Operating Officer of Crexendo Inc. (CXDO), filed an amended Form 4 on March 27, 2025, to correct a previously filed report.
• The amendment addresses the amount of securities beneficially owned, changing the reported amount from 243,593 to 230,208.
• On March 25, 2025, 277 Restricted Stock Units (RSUs) vested, each representing the right to receive one share of CXDO common stock upon vesting, contingent on continued employment.
• The RSUs vest in equal monthly installments over 36 months starting on March 25, 2025, until fully vested.
• The company withheld 76 shares of common stock for payment of associated payroll taxes at a price of $5.67 per share on March 25, 2025.

Sentiment

Score: 6

Explanation: The document is a routine correction of a regulatory filing. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Corrections are not uncommon and can arise from administrative errors or changes in reporting requirements.

Key Dates

Keywords

Form 4, Beneficial Ownership, Crexendo, CXDO, Douglas Walter Gaylor, Restricted Stock Units, RSU, Amendment, Securities, Officer, COO