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[Form 4] CREXENDO INC Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Crexendo, Inc. reporting person Vincent Ron, who serves as Chief Financial Officer and a director, received 278 restricted stock units (RSUs) on 08/25/2025 that convert to common shares upon vesting. The RSUs vest in equal monthly installments over 36 months beginning 03/25/2025, subject to continued employment. The company withheld 77 shares to cover payroll taxes at the closing price of $6.06, which the filer notes is not a sale. After these transactions the reporting person beneficially owns 183,546 shares of common stock and holds 8,334 RSUs that would convert to the same number of shares upon vesting.

Crexendo, Inc. Il soggetto che presenta la segnalazione, Vincent Ron, Chief Financial Officer e membro del consiglio, ha ricevuto 278 unità azionarie vincolate (RSU) il 25/08/2025, che si convertiranno in azioni ordinarie al momento del vesting. Le RSU maturano in quote mensili uguali per 36 mesi a partire dal 25/03/2025, subordinatamente al perdurare del rapporto di lavoro. La società ha trattenuto 77 azioni per coprire le imposte sul salario al prezzo di chiusura di $6.06, operazione che il dichiarante precisa non essere una vendita. A seguito di tali operazioni, il soggetto che presenta la segnalazione detiene beneficiariamente 183.546 azioni ordinarie e possiede 8.334 RSU che si convertirebbero nello stesso numero di azioni al vesting.

Crexendo, Inc. El informante, Vincent Ron, que actúa como Director Financiero y miembro del consejo, recibió 278 unidades restringidas de acciones (RSU) el 25/08/2025, las cuales se convertirán en acciones ordinarias al consolidarse. Las RSU se devengan en cuotas mensuales iguales durante 36 meses a partir del 25/03/2025, condicionado a la continuidad del empleo. La compañía retuvo 77 acciones para cubrir impuestos sobre la nómina al precio de cierre de $6.06, una operación que el declarante aclara no es una venta. Tras estas transacciones, el informante posee de manera beneficiaria 183.546 acciones ordinarias y mantiene 8.334 RSU que se convertirían en el mismo número de acciones al devengar.

Crexendo, Inc. 보고인인 빈센� 론은 최고재무책임�(CFO) � 이사로서 2025-08-25� 278주의 제한부주식단위(RSU)� 수령했으�, � RSU� 권리확정(vesting) � 보통주로 전환됩니�. RSU� 2025-03-25부� 36개월� 걸쳐 매월 동일 비율� 권리확정되며 계속 고용 상태가 조건입니�. 회사� 급여세를 충당하기 위해 종가 $6.06 기준으로 77주를 원천징수했으�, 보고인은 이것� 판매가 아니�� 밝혔습니�. � 거래 이후 보고인은 실질적으� 183,546주의 보통주를 보유하고 있으�, 권리확정 � 동일 수로 전환� 8,334주의 RSU� 보유하고 있습니다.

Crexendo, Inc. La personne déclarant, Vincent Ron, qui est directeur financier et administrateur, a reçu 278 unités d'actions restreintes (RSU) le 25/08/2025, qui seront converties en actions ordinaires lors du vesting. Les RSU acquièrent des droits par mensualités égales sur 36 mois à compter du 25/03/2025, sous réserve de la poursuite de l'emploi. La société a retenu 77 actions pour couvrir les impôts sur la paie au cours de clôture de $6.06, opération que le déclarant précise n'est pas une vente. À la suite de ces opérations, la personne déclarant possède à titre bénéficiaire 183�546 actions ordinaires et détient 8�334 RSU qui se convertiraient en même nombre d'actions au vesting.

Crexendo, Inc. Die meldepflichtige Person Vincent Ron, der als Chief Financial Officer und Direktor tätig ist, erhielt am 25.08.2025 insgesamt 278 Restricted Stock Units (RSUs), die bei Vesting in Stammaktien umgewandelt werden. Die RSUs vesten in gleichen monatlichen Raten über 36 Monate beginnend am 25.03.2025, vorbehaltlich eines fortbestehenden Arbeitsverhältnisses. Das Unternehmen behielt 77 Aktien ein, um Lohnsteuern zu begleichen, zum Schlusskurs von $6.06; der Melder weist darauf hin, dass dies kein Verkauf ist. Nach diesen Transaktionen hält die meldepflichtige Person wirtschaftlich 183.546 Stammaktien und besitzt 8.334 RSUs, die sich beim Vesting in dieselbe Anzahl von Aktien umwandeln würden.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: CFO acquired 278 RSUs, increasing deferred equity exposure; tax withholding of 77 shares was used to satisfy payroll taxes.

The transaction shows a routine equity compensation grant to a senior executive rather than an open-market purchase or sale. The RSU grant vests monthly over 36 months, aligning management incentives with long-term performance. Withholding of 77 shares to cover payroll taxes at $6.06 per share reduced immediate share count but is a standard administrative step and not a market sale. Beneficial ownership post-transaction is 183,546 shares plus 8,334 RSUs, indicating meaningful ongoing insider exposure to the issuer's equity.

TL;DR: The disclosure documents a standard equity award to the CFO with multi-year vesting; no red flags in governance or related-party activity are evident.

The filing details a compensatory equity grant (RSUs) with clear vesting terms (36 months, monthly). Tax withholding was handled via share retention rather than cash, which is common. The reporting person is identified as both an officer and director, and the filing reports aggregate beneficial ownership after the grant. There is no indication of unusual acceleration, derivative hedging, or dispositions that would raise governance concerns.

Crexendo, Inc. Il soggetto che presenta la segnalazione, Vincent Ron, Chief Financial Officer e membro del consiglio, ha ricevuto 278 unità azionarie vincolate (RSU) il 25/08/2025, che si convertiranno in azioni ordinarie al momento del vesting. Le RSU maturano in quote mensili uguali per 36 mesi a partire dal 25/03/2025, subordinatamente al perdurare del rapporto di lavoro. La società ha trattenuto 77 azioni per coprire le imposte sul salario al prezzo di chiusura di $6.06, operazione che il dichiarante precisa non essere una vendita. A seguito di tali operazioni, il soggetto che presenta la segnalazione detiene beneficiariamente 183.546 azioni ordinarie e possiede 8.334 RSU che si convertirebbero nello stesso numero di azioni al vesting.

Crexendo, Inc. El informante, Vincent Ron, que actúa como Director Financiero y miembro del consejo, recibió 278 unidades restringidas de acciones (RSU) el 25/08/2025, las cuales se convertirán en acciones ordinarias al consolidarse. Las RSU se devengan en cuotas mensuales iguales durante 36 meses a partir del 25/03/2025, condicionado a la continuidad del empleo. La compañía retuvo 77 acciones para cubrir impuestos sobre la nómina al precio de cierre de $6.06, una operación que el declarante aclara no es una venta. Tras estas transacciones, el informante posee de manera beneficiaria 183.546 acciones ordinarias y mantiene 8.334 RSU que se convertirían en el mismo número de acciones al devengar.

Crexendo, Inc. 보고인인 빈센� 론은 최고재무책임�(CFO) � 이사로서 2025-08-25� 278주의 제한부주식단위(RSU)� 수령했으�, � RSU� 권리확정(vesting) � 보통주로 전환됩니�. RSU� 2025-03-25부� 36개월� 걸쳐 매월 동일 비율� 권리확정되며 계속 고용 상태가 조건입니�. 회사� 급여세를 충당하기 위해 종가 $6.06 기준으로 77주를 원천징수했으�, 보고인은 이것� 판매가 아니�� 밝혔습니�. � 거래 이후 보고인은 실질적으� 183,546주의 보통주를 보유하고 있으�, 권리확정 � 동일 수로 전환� 8,334주의 RSU� 보유하고 있습니다.

Crexendo, Inc. La personne déclarant, Vincent Ron, qui est directeur financier et administrateur, a reçu 278 unités d'actions restreintes (RSU) le 25/08/2025, qui seront converties en actions ordinaires lors du vesting. Les RSU acquièrent des droits par mensualités égales sur 36 mois à compter du 25/03/2025, sous réserve de la poursuite de l'emploi. La société a retenu 77 actions pour couvrir les impôts sur la paie au cours de clôture de $6.06, opération que le déclarant précise n'est pas une vente. À la suite de ces opérations, la personne déclarant possède à titre bénéficiaire 183�546 actions ordinaires et détient 8�334 RSU qui se convertiraient en même nombre d'actions au vesting.

Crexendo, Inc. Die meldepflichtige Person Vincent Ron, der als Chief Financial Officer und Direktor tätig ist, erhielt am 25.08.2025 insgesamt 278 Restricted Stock Units (RSUs), die bei Vesting in Stammaktien umgewandelt werden. Die RSUs vesten in gleichen monatlichen Raten über 36 Monate beginnend am 25.03.2025, vorbehaltlich eines fortbestehenden Arbeitsverhältnisses. Das Unternehmen behielt 77 Aktien ein, um Lohnsteuern zu begleichen, zum Schlusskurs von $6.06; der Melder weist darauf hin, dass dies kein Verkauf ist. Nach diesen Transaktionen hält die meldepflichtige Person wirtschaftlich 183.546 Stammaktien und besitzt 8.334 RSUs, die sich beim Vesting in dieselbe Anzahl von Aktien umwandeln würden.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Vincent Ron

(Last) (First) (Middle)
1225 W WASHINGTON ST
STE 213

(Street)
TEMPE AZ 85288

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Crexendo, Inc. [ CXDO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/25/2025 M 278 A $0(1) 183,623 D
Common Stock 08/25/2025 F(2) 77 D $6.06 183,546 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units $0(1) 08/25/2025 M 278 (3) (3) Common Stock 278 $0 8,334 D
Explanation of Responses:
1. Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
2. The Company withheld 77 shares of common stock for payment of the associated payroll taxes, using the closing stock price on August 25, 2025 of $6.06. This transaction does not represent a sale by the reporting person.
3. The RSUs vest in equal monthly installments over 36 months starting on March 25, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
/s/Ron Vincent 08/27/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Crexendo CFO Vincent Ron report on Form 4 (CXDO)?

The CFO reported receipt of 278 RSUs on 08/25/2025 and withholding of 77 shares to cover payroll taxes at $6.06 per share.

How do the RSUs granted to Vincent Ron vest?

The RSUs vest in equal monthly installments over 36 months beginning on 03/25/2025, subject to continuous employment.

How many Crexendo shares does the reporting person beneficially own after the transaction?

After the reported transactions the reporting person beneficially owns 183,546 common shares and holds 8,334 RSUs.

Was any sale reported by the reporting person in this Form 4?

No sale was reported; the 77 shares were withheld to satisfy payroll tax obligations and the filer states this is not a sale.

What price was used to calculate the tax withholding on the RSUs?

The company used the closing stock price on 08/25/2025 of $6.06 to determine withholding for payroll taxes.
Crexendo Inc

NASDAQ:CXDO

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182.83M
16.53M
45.22%
24.85%
2.23%
Telecom Services
Telephone Communications (no Radiotelephone)
United States
TEMPE