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[Form 4] CREXENDO INC Insider Trading Activity

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

Jeffrey G. Korn, Chief Executive Officer of Crexendo, Inc. (CXDO), received 278 restricted stock units on 08/25/2025. Each RSU converts to one share upon vesting subject to continued employment; the award vests in equal monthly installments over 36 months beginning 03/25/2025. The company withheld 68 shares to cover payroll taxes using the closing price of $6.06 on 08/25/2025; this withholding was a disposition and does not represent a sale by the reporting person. After these transactions, Mr. Korn beneficially owned 242,206 shares of common stock directly, with 8,334 RSUs/derivative securities reported as beneficially owned following the reported transactions.

Jeffrey G. Korn, Amministratore Delegato di Crexendo, Inc. (CXDO), ha ricevuto 278 unit脿 di azioni vincolate (RSU) il 25/08/2025. Ciascuna RSU si converte in una azione al momento del vesting, subordinatamente alla permanenza in servizio; l'assegnazione matura in rate mensili uguali per 36 mesi a partire dal 25/03/2025. La societ脿 ha trattenuto 68 azioni per coprire le imposte sul salario calcolate sul prezzo di chiusura di $6,06 del 25/08/2025; tale ritenuta 猫 stata una disposizione e non rappresenta una vendita da parte della persona che ha compilato il rapporto. Dopo queste operazioni, il Sig. Korn deteneva beneficiariamente 242.206 azioni ordinarie direttamente, con 8.334 RSU/strumenti derivati riportati come beneficiariamente posseduti dopo le operazioni segnalate.

Jeffrey G. Korn, Director Ejecutivo de Crexendo, Inc. (CXDO), recibi贸 278 unidades restringidas de acciones (RSU) el 25/08/2025. Cada RSU se convierte en una acci贸n al consolidarse, sujeto a la permanencia en el empleo; el premio se consolida en cuotas mensuales iguales durante 36 meses a partir del 25/03/2025. La compa帽铆a retuvo 68 acciones para cubrir impuestos sobre n贸mina usando el precio de cierre de $6.06 del 25/08/2025; esta retenci贸n fue una disposici贸n y no representa una venta por parte de la persona que informa. Tras estas transacciones, el Sr. Korn pose铆a en beneficio 242.206 acciones ordinarias directamente, con 8.334 RSU/valores derivados reportados como pose铆dos beneficiariamente despu茅s de las transacciones informadas.

Crexendo, Inc. (CXDO) CEO 鞝滍攧毽� G. 旖�(Jeffrey G. Korn)鞚� 2025雲� 8鞗� 25鞚� 278臧滌潣 鞝滍暅攵�欤检嫕雼渼(RSU)毳� 靾橂牴頄堨姷雼堧嫟. 臧� RSU電� 旆摑(vesting) 鞁� 1欤茧 鞝勴櫂霅橂┌ 瓿勳啀 瓿犾毄 臁瓣贝鞚� 鞝侅毄霅╇媹雼�; 靾橃棳攵勳潃 2025雲� 3鞗� 25鞚茧秬韯� 36臧滌洈 霃欖晥 毵れ洈 霃欖澕頃� 牍勳湪搿� 旆摑霅╇媹雼�. 須岇偓電� 2025雲� 8鞗� 25鞚� 膦呹皜 $6.06鞚� 旮办鞙茧 旮夓棳靹鸽ゼ 於╇嫻頃橁赴 鞙勴暣 68欤茧ゼ 鞗愳矞歆曥垬頄堨溂氅�, 鞚� 鞗愳矞歆曥垬電� 觳橂秳鞐� 頃措嫻頃橃毵� 氤搓碃鞛�(欤检嫕 氤挫湢鞛�)鞚� 毵る弰毳� 鞚橂頃橃 鞎婌姷雼堧嫟. 鞚� 瓯半灅霌� 鞚错泟 旖� 雽�響滊姅 歆侅爲鞝侅溂搿� 鞚挫澋攴�靻� 旮办 242,206欤检潣 氤错喌欤茧ゼ 氤挫湢頃橁碃 鞛堨溂氅�, 氤搓碃霅� 瓯半灅 頉� 8,334臧滌潣 RSU/韺岇儩歃濌秾鞚� 鞚挫澋攴�靻� 氤挫湢搿� 鞁犼碃頄堨姷雼堧嫟.

Jeffrey G. Korn, Directeur G茅n茅ral de Crexendo, Inc. (CXDO), a re莽u 278 unit茅s d'actions restreintes (RSU) le 25/08/2025. Chaque RSU se convertit en une action lors de l'acquisition, sous r茅serve de la poursuite de l'emploi ; l'attribution acquiert des droits par versements mensuels 茅gaux sur 36 mois 脿 compter du 25/03/2025. La soci茅t茅 a retenu 68 actions pour couvrir les imp么ts sur les salaires en utilisant le cours de cl么ture de 6,06 $ du 25/08/2025 ; cette retenue constituait une disposition et ne repr茅sente pas une vente effectu茅e par la personne d茅clarant. Apr猫s ces op茅rations, M. Korn d茅tenait 脿 titre b茅n茅ficiaire 242 206 actions ordinaires directement, avec 8 334 RSU/valeurs d茅riv茅es d茅clar茅es comme d茅tenues 脿 titre b茅n茅ficiaire suite aux op茅rations signal茅es.

Jeffrey G. Korn, Chief Executive Officer von Crexendo, Inc. (CXDO), erhielt am 25.08.2025 insgesamt 278 Restricted Stock Units (RSU). Jede RSU wandelt sich bei Vesting in eine Aktie um, vorbehaltlich der fortgesetzten Besch盲ftigung; die Zuteilung vestet in gleichen monatlichen Raten 眉ber 36 Monate beginnend am 25.03.2025. Das Unternehmen behielt 68 Aktien ein, um Lohnsteuern zu decken, basierend auf dem Schlusskurs von $6,06 am 25.08.2025; diese Einbehaltung war eine Verf眉gung und stellt keinen Verkauf durch die meldepflichtige Person dar. Nach diesen Transaktionen besa脽 Herr Korn wirtschaftlich direkt 242.206 Stammaktien, wobei nach den gemeldeten Transaktionen 8.334 RSU/Derivative als wirtschaftlich gehalten ausgewiesen wurden.

Positive
  • 278 RSUs granted to the CEO on 08/25/2025, creating ongoing alignment with shareholders through a 36-month vesting schedule
  • Withholding of 68 shares for payroll taxes was administrative and not a sale, per the filer
  • Clear disclosure of post-transaction direct beneficial ownership (242,206 shares) and RSUs outstanding (8,334)
Negative
  • None.

Insights

TL;DR: Routine executive equity grant and tax-withholding; no sale for proceeds, modest change to direct holdings.

The Form 4 shows a standard equity compensation event: 278 RSUs awarded and 68 shares withheld for payroll taxes at a $6.06 closing price on 08/25/2025. Such grants are typical for retention and align executive pay with shareholder value over a 36-month vesting schedule. The withholding is administrative and explicitly not a sale. The report does not disclose any cash proceeds to the reporting person or additional transactions.

TL;DR: Compensation-related insider filing reflecting standard vesting schedule and tax withholding, with no red flags.

The filing documents a compensation issuance (RSUs) to the CEO that vests monthly over three years and the routine withholding of shares for payroll taxes. The disclosure is complete on the mechanics and timing of vesting and shows direct beneficial ownership levels post-transaction. There are no indications of related-party sales, accelerated vesting, or unusual transfer terms in the provided text.

Jeffrey G. Korn, Amministratore Delegato di Crexendo, Inc. (CXDO), ha ricevuto 278 unit脿 di azioni vincolate (RSU) il 25/08/2025. Ciascuna RSU si converte in una azione al momento del vesting, subordinatamente alla permanenza in servizio; l'assegnazione matura in rate mensili uguali per 36 mesi a partire dal 25/03/2025. La societ脿 ha trattenuto 68 azioni per coprire le imposte sul salario calcolate sul prezzo di chiusura di $6,06 del 25/08/2025; tale ritenuta 猫 stata una disposizione e non rappresenta una vendita da parte della persona che ha compilato il rapporto. Dopo queste operazioni, il Sig. Korn deteneva beneficiariamente 242.206 azioni ordinarie direttamente, con 8.334 RSU/strumenti derivati riportati come beneficiariamente posseduti dopo le operazioni segnalate.

Jeffrey G. Korn, Director Ejecutivo de Crexendo, Inc. (CXDO), recibi贸 278 unidades restringidas de acciones (RSU) el 25/08/2025. Cada RSU se convierte en una acci贸n al consolidarse, sujeto a la permanencia en el empleo; el premio se consolida en cuotas mensuales iguales durante 36 meses a partir del 25/03/2025. La compa帽铆a retuvo 68 acciones para cubrir impuestos sobre n贸mina usando el precio de cierre de $6.06 del 25/08/2025; esta retenci贸n fue una disposici贸n y no representa una venta por parte de la persona que informa. Tras estas transacciones, el Sr. Korn pose铆a en beneficio 242.206 acciones ordinarias directamente, con 8.334 RSU/valores derivados reportados como pose铆dos beneficiariamente despu茅s de las transacciones informadas.

Crexendo, Inc. (CXDO) CEO 鞝滍攧毽� G. 旖�(Jeffrey G. Korn)鞚� 2025雲� 8鞗� 25鞚� 278臧滌潣 鞝滍暅攵�欤检嫕雼渼(RSU)毳� 靾橂牴頄堨姷雼堧嫟. 臧� RSU電� 旆摑(vesting) 鞁� 1欤茧 鞝勴櫂霅橂┌ 瓿勳啀 瓿犾毄 臁瓣贝鞚� 鞝侅毄霅╇媹雼�; 靾橃棳攵勳潃 2025雲� 3鞗� 25鞚茧秬韯� 36臧滌洈 霃欖晥 毵れ洈 霃欖澕頃� 牍勳湪搿� 旆摑霅╇媹雼�. 須岇偓電� 2025雲� 8鞗� 25鞚� 膦呹皜 $6.06鞚� 旮办鞙茧 旮夓棳靹鸽ゼ 於╇嫻頃橁赴 鞙勴暣 68欤茧ゼ 鞗愳矞歆曥垬頄堨溂氅�, 鞚� 鞗愳矞歆曥垬電� 觳橂秳鞐� 頃措嫻頃橃毵� 氤搓碃鞛�(欤检嫕 氤挫湢鞛�)鞚� 毵る弰毳� 鞚橂頃橃 鞎婌姷雼堧嫟. 鞚� 瓯半灅霌� 鞚错泟 旖� 雽�響滊姅 歆侅爲鞝侅溂搿� 鞚挫澋攴�靻� 旮办 242,206欤检潣 氤错喌欤茧ゼ 氤挫湢頃橁碃 鞛堨溂氅�, 氤搓碃霅� 瓯半灅 頉� 8,334臧滌潣 RSU/韺岇儩歃濌秾鞚� 鞚挫澋攴�靻� 氤挫湢搿� 鞁犼碃頄堨姷雼堧嫟.

Jeffrey G. Korn, Directeur G茅n茅ral de Crexendo, Inc. (CXDO), a re莽u 278 unit茅s d'actions restreintes (RSU) le 25/08/2025. Chaque RSU se convertit en une action lors de l'acquisition, sous r茅serve de la poursuite de l'emploi ; l'attribution acquiert des droits par versements mensuels 茅gaux sur 36 mois 脿 compter du 25/03/2025. La soci茅t茅 a retenu 68 actions pour couvrir les imp么ts sur les salaires en utilisant le cours de cl么ture de 6,06 $ du 25/08/2025 ; cette retenue constituait une disposition et ne repr茅sente pas une vente effectu茅e par la personne d茅clarant. Apr猫s ces op茅rations, M. Korn d茅tenait 脿 titre b茅n茅ficiaire 242 206 actions ordinaires directement, avec 8 334 RSU/valeurs d茅riv茅es d茅clar茅es comme d茅tenues 脿 titre b茅n茅ficiaire suite aux op茅rations signal茅es.

Jeffrey G. Korn, Chief Executive Officer von Crexendo, Inc. (CXDO), erhielt am 25.08.2025 insgesamt 278 Restricted Stock Units (RSU). Jede RSU wandelt sich bei Vesting in eine Aktie um, vorbehaltlich der fortgesetzten Besch盲ftigung; die Zuteilung vestet in gleichen monatlichen Raten 眉ber 36 Monate beginnend am 25.03.2025. Das Unternehmen behielt 68 Aktien ein, um Lohnsteuern zu decken, basierend auf dem Schlusskurs von $6,06 am 25.08.2025; diese Einbehaltung war eine Verf眉gung und stellt keinen Verkauf durch die meldepflichtige Person dar. Nach diesen Transaktionen besa脽 Herr Korn wirtschaftlich direkt 242.206 Stammaktien, wobei nach den gemeldeten Transaktionen 8.334 RSU/Derivative als wirtschaftlich gehalten ausgewiesen wurden.

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*
KORN JEFFREY G
(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 Executive 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) 242,274 D
Common Stock 08/25/2025 F(2) 68 D $6.06 242,206 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 68 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/ Jeffery G. Korn 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.

Source:

FAQ

What did CXDO CEO Jeffrey G. Korn report on Form 4?

He received 278 RSUs on 08/25/2025 and had 68 shares withheld for payroll taxes; these withholdings were not a sale.

How many shares does Jeffrey G. Korn beneficially own after the transactions?

242,206 shares of common stock directly, according to the Form 4 after the reported transactions.

How many RSUs or derivative securities does the reporting person hold after the filing?

The filing reports 8,334 RSUs/derivative securities beneficially owned following the transactions.

What is the vesting schedule for the RSUs granted on 08/25/2025?

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

At what price were shares withheld for payroll taxes?

The company withheld 68 shares using the closing stock price of $6.06 on 08/25/2025.
Stock CXDO logo
Crexendo Inc

NASDAQ:CXDO

CXDO Rankings

#4249 Ranked by Market Cap
N/A Ranked by Dividends

CXDO Latest News

Aug 25, 2025
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Crexendo Announces Strong Second Quarter 2025 Results
Jul 18, 2025
Crexendo, Inc. to Issue Second Quarter 2025 Financial Results on August 5, 2025, at 4:30 PM ET

CXDO Latest SEC Filings

Aug 27, 2025
[Form 4] CREXENDO INC Insider Trading Activity
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[Form 4] CREXENDO INC Insider Trading Activity
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[144] CREXENDO INC SEC Filing
Aug 15, 2025
[144] CREXENDO INC SEC Filing
Aug 12, 2025
[8-K] CREXENDO INC Reports Material Event

CXDO Stock Data

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