Vincent Ron 4

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.