KORN JEFFREY G 4
4 · Crexendo, Inc. · Filed Jun 30, 2026
Research Summary
AI-generated summary of this filing
Crexendo (CXDO) CEO Jeffrey Korn Receives RSU Vesting
What Happened Jeffrey G. Korn, CEO of Crexendo, received vested restricted stock units (RSUs) that converted into 1,666 shares of CXDO common stock on June 25 and June 27, 2026. The company withheld 407 shares to cover payroll taxes (68 shares twice on 6/25 at $6.92 and 271 shares on 6/27 at $7.23), representing approximately $2,901. Using the closing prices applied for withholding, the gross value of the vested shares was roughly $11,873 and the net shares delivered to Korn were about 1,259.
Key Details
- Dates and prices: RSU vesting/conversion on 2026-06-25 (278 + 278 shares at $6.92) and 2026-06-27 (1,110 shares at $7.23).
- Withholding for taxes (not open-market sales): 68 shares withheld on each 6/25 vesting at $6.92 (reported as $471 each) and 271 shares withheld on 6/27 at $7.23 (reported as $1,959).
- Total vested: 1,666 shares; total withheld: 407 shares; net delivered ≈ 1,259 shares.
- Footnotes: F1–F6 explain these were RSUs (one share per RSU upon vesting), monthly vesting schedules for different grants, and that withheld shares pay payroll taxes (not sales).
- Filing: Form 4 filed 2026-06-30 for activity on 6/25–6/27 (filed five days after the earliest reported vesting date).
Context
- These entries reflect RSU vesting (derivative conversion) and company tax-withholding rather than an open-market sale or purchase. Transaction codes: M = exercise/conversion of derivative (vesting), F = tax withholding.
- Tax-withholding via share retention (sometimes called a "net share settlement") is routine and does not by itself signal a view on the company’s stock.
- RSUs vest subject to continued employment per the listed schedules; shares are delivered upon vesting.
Insider Transaction Report
Form 4
Crexendo, Inc.CXDO
KORN JEFFREY G
Chief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-06-25+278→ 221,490 total - Tax Payment
Common Stock
[F2]2026-06-25$6.92/sh−68$471→ 221,422 total - Exercise/Conversion
Common Stock
[F1]2026-06-25+278→ 221,700 total - Tax Payment
Common Stock
[F2]2026-06-25$6.92/sh−68$471→ 221,632 total - Exercise/Conversion
Common Stock
[F1]2026-06-27+1,110→ 222,742 total - Tax Payment
Common Stock
[F3]2026-06-27$7.23/sh−271$1,959→ 222,471 total - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-06-25−278→ 5,557 totalExercise: $0.00→ Common Stock (278 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-06-25−278→ 7,501 totalExercise: $0.00→ Common Stock (278 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F6]2026-06-27−1,110→ 38,890 totalExercise: $0.00→ Common Stock (1,110 underlying)
Footnotes (6)
- [F1]Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
- [F2]The Company withheld 68 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 25, 2026 of $6.92. This transaction does not represent a sale by the reporting person.
- [F3]The Company withheld 271 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 27, 2026 of $7.23. This transaction does not represent a sale by the reporting person.
- [F4]The RSUs will 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.
- [F5]The RSUs will 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.
- [F6]The RSUs will vest in equal monthly installments over 36 months starting on June 27, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
Signature
/s/ Jeffery G. Korn|2026-06-30