Vincent Ron 4

4 · Crexendo, Inc. · Filed Feb 27, 2026

AI-generated summary of this filing

Updated Feb 28, 2026

Crexendo (CXDO) CFO Vincent Ron Receives RSU Shares

What Happened

Vincent Ron, Chief Financial Officer of Crexendo, had restricted stock units (RSUs) convert to common shares on February 25, 2026. A total of 556 shares vested (two 278-share vesting events). The RSUs had a $0 exercise price (typical for RSU vesting); using the $5.84 closing price that day the gross value was about $3,247.04.
The company withheld 91 shares for payroll taxes for each vesting event (182 shares total) at $5.84/share (about $531 each, ~$1,062.88 total). Net shares delivered to Ron were about 374 shares (approx. $2,184.16). The withholding is a tax payment, not an open-market sale.

Key Details

Transaction date: February 25, 2026; Form filed Feb 27, 2026 (timely).
Reported entries: multiple derivative conversions (code M) for 278 shares each and tax withholdings (code F) of 91 shares each.
Price used for tax withholding: $5.84 (closing price on 2/25/2026); each 91-share withholding recorded as $531.
Shares owned after transaction: not disclosed in the provided filing details.
Footnotes: RSUs convert to one share each upon vesting and vest in equal monthly installments over 36 months (one grant starting 3/25/2025, another starting 10/25/2025). The company withheld shares to cover payroll taxes (not a sale).

Context

These were RSU vesting events (derivative conversion with $0 exercise price), not purchases or open-market sales. The withholding of shares to satisfy payroll taxes is a common administrative step and does not necessarily indicate selling activity.

Form 4

Period: 2026-02-25

Chief Financial Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-02-25+278→ 172,913 total
Tax Payment
Common Stock
[F2]
2026-02-25$5.84/sh−91$531→ 172,822 total
Exercise/Conversion
Common Stock
[F1]
2026-02-25+278→ 173,100 total
Tax Payment
Common Stock
[F4]
2026-02-25$5.84/sh−91$531→ 173,009 total
Tax Payment
Restricted Stock Units
[F1][F3]
2026-02-25−278→ 6,668 total
Exercise: $0.00→ Common Stock (278 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F5]
2026-02-25−278→ 8,612 total
Exercise: $0.00→ Common Stock (278 underlying)

Footnotes (5)

[F1]Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
[F2]The Company withheld 91 shares of common stock for payment of the associated payroll taxes, using the closing stock price on February 25, 2026 of $5.84. This transaction does not represent a sale by the reporting person.
[F3]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.
[F4]The Company withheld 91 shares of common stock for payment of the associated payroll taxes, using the closing stock price on February 25, 2026 of $5.84. This transaction does not represent a sale by the reporting person.
[F5]The RSUs vest in equal monthly installments over 36 months starting on October 25, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.

Signature

/s/Ron Vincent|2026-02-27

1 file