Vincent Ron 4

What Happened
Vincent Ron, Chief Financial Officer of Crexendo, had RSUs vest on June 4–5, 2026, resulting in the conversion (exercise) of 15,277 derivative units into common shares (exercise price $0.00). To cover payroll taxes, the company withheld 4,179 shares (not a market sale) using closing prices of $8.93 (June 4) and $7.57 (June 5), totaling approximately $35,768. Net increase to his holdings from these vestings was 11,098 shares.

Key Details

• Transaction dates: June 4 and June 5, 2026. Form 4 filed June 30, 2026 (late filing).
• Gross shares acquired via derivative conversion (code M): 15,277 shares (5,000; 277; 5,833; 4,167).
• Shares withheld for taxes (code F): 4,179 shares (1,368; 77; 1,594; 1,140) at $8.93 and $7.57 for total withheld value ≈ $35,768. Footnotes state these withholdings "do not represent a sale by the reporting person."
• Exercise/conversion price: $0.00 (these were RSU vestings, not option purchases).
• Net new shares added to his position: 11,098 shares (15,277 acquired − 4,179 withheld).
• Relevant footnotes: RSUs are subject to various vesting schedules across multiple grants (quarterly or monthly vesting per F6–F9); shares delivered upon vesting.
• Filing timeliness: Reported as filed on June 30 for June 4–5 transactions — this is a late Form 4 filing.

Context
These entries reflect routine RSU vesting and company tax-withholding (F code), not open-market sales or purchases. The derivative code M indicates conversion/exercise of restricted stock units into common stock. Because the company withheld shares to satisfy payroll tax obligations, the withheld shares are not an insider sale signaling market sentiment. Retail investors often view vestings as neutral — they increase insider shareholdings but don't indicate fresh buying.