KORN JEFFREY G 4

What Happened

• Jeffrey G. Korn, CEO of Crexendo, was granted 10,000 restricted stock units (RSUs) on February 4, 2026. The RSUs were awarded at $0.00 per unit (no cash paid at grant) and are reported as a derivative award rather than an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-04; Form 4 filed: 2026-02-06 (filed within the typical 2‑business‑day window).
• Grant type/code: A (award/grant) of 10,000 RSUs; reported acquisition price $0.00.
• Shares owned after transaction: Not reported in the provided Form 4.
• Footnotes: F1 — each RSU entitles the holder to one share of CXDO common stock upon vesting. F2 — RSUs vest in equal monthly installments over 36 months beginning March 4, 2026, contingent on continued employment; shares will be delivered upon vesting.

Context

• RSUs are a form of compensation (a derivative award) that convert to actual shares only as they vest; they do not represent immediate share ownership or a market purchase. This grant increases Korn’s potential future stake if he remains employed and the RSUs vest according to the schedule.