Form 4: Insider Trades: COO Acquires Crexendo Shares

Crexendo, Inc. Chief Operating Officer Douglas Walter Gaylor acquired shares through restricted stock unit vesting and tax withholdings.

Summary

• Douglas Walter Gaylor, Chief Operating Officer of Crexendo, Inc., reported transactions involving common stock.
• On June 25, 2026, 278 Restricted Stock Units (RSUs) vested, with 77 shares withheld for payroll taxes at a price of $6.92 per share.
• Also on June 25, 2026, an additional 76 shares were withheld for payroll taxes at $6.92 per share.
• On June 27, 2026, 1,110 RSUs vested, with 304 shares withheld for payroll taxes at a price of $7.23 per share.
• These transactions represent the acquisition of shares upon vesting of RSUs and the subsequent withholding of shares for tax purposes, not sales by the reporting person.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine insider transactions related to equity compensation rather than significant strategic or financial events.

Positives

• The COO is acquiring shares through RSU vesting, indicating continued equity participation.
• The transactions reflect standard procedures for RSU vesting and tax settlement.

Negatives

• A portion of the vested shares were withheld for tax payments, reducing the net shares received by the reporting person.

Future Outlook

The filing details the vesting of Restricted Stock Units (RSUs) and the subsequent withholding of shares for payroll taxes. The RSUs vest over 36 months, contingent on continued employment, with shares delivered upon vesting.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive compensation and equity holdings. The described transactions are typical for companies utilizing equity-based compensation plans.

Stakeholder Impact

• Shareholders gain insight into executive equity compensation and potential dilution from RSU vesting.
• Employees, specifically the reporting person, receive equity awards as part of their compensation package.

Next Steps

• Continued vesting of RSUs over 36 months, subject to continued employment.
• Delivery of shares upon vesting.

Key Dates

Keywords

Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Tax Withholding, Crexendo Inc., CXDO, Douglas Walter Gaylor, Chief Operating Officer