Gaylor Douglas Walter 4

4 · Crexendo, Inc. · Filed Jun 30, 2026

AI-generated summary of this filing

Updated Jul 1, 2026

Crexendo (CXDO) COO Gaylor Walter Receives 1,666 RSU Shares

What Happened

Douglas Gaylor (COO) received a total of 1,666 shares of Crexendo (CXDO) common stock through the conversion/vesting of RSUs (reported as derivative conversions at $0.00). The vesting occurred on June 25 and June 27, 2026. The gross market value of the vested shares was about $11,873 (based on closing prices of $6.92 on June 25 and $7.23 on June 27).
The company withheld 457 shares to cover payroll taxes (77 + 76 shares at $6.92 on June 25, and 304 shares at $7.23 on June 27), with a total withholding value of approximately $3,257. After withholding, Gaylor received a net of 1,209 shares.

Key Details

Transaction types: conversion/vesting of RSUs (reported as derivative conversion, code M) and share withholding for taxes (code F). Exercise/conversion price: $0.00.
Dates and prices: June 25, 2026 — two 278-share conversions (closing $6.92); June 27, 2026 — 1,110-share conversion (closing $7.23). Withheld shares valued at $533, $526, and $2,198 respectively.
Shares received (gross): 1,666; shares withheld for taxes: 457; net shares delivered to insider: 1,209. Gross vested value ≈ $11,873; tax withholding value ≈ $3,257.
Footnotes: these were RSU awards that vest monthly over 36 months per the grant terms; withholding was done by the company to cover payroll taxes and “does not represent a sale by the reporting person.” (See footnotes F1–F7.)
Shares owned after transaction: not specified in the filing.
Filing: Form 4 dated June 30, 2026 reports transactions on June 25 and June 27; the filing does not indicate a late-report flag.

Context

These transactions are RSU vesting/conversions (no cash exercise price). The withholding of shares to cover taxes is routine and is not an open-market sale by the insider.
For retail investors: RSU vesting is standard employee compensation and does not, by itself, signal a buy or sell decision by the insider. Purchases are generally more informative; here the insider received shares through compensation rather than buying stock.

Form 4

Period: 2026-06-25

Chief Operating Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-06-25+278→ 234,192 total
Tax Payment
Common Stock
[F2]
2026-06-25$6.92/sh−77$533→ 234,115 total
Exercise/Conversion
Common Stock
[F1]
2026-06-25+278→ 234,393 total
Tax Payment
Common Stock
[F3]
2026-06-25$6.92/sh−76$526→ 234,317 total
Exercise/Conversion
Common Stock
[F1]
2026-06-27+1,110→ 235,427 total
Tax Payment
Common Stock
[F4]
2026-06-27$7.23/sh−304$2,198→ 235,123 total
Exercise/Conversion
Restricted Stock Units
[F1][F5]
2026-06-25−278→ 5,557 total
Exercise: $0.00→ Common Stock (278 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F6]
2026-06-25−278→ 7,501 total
Exercise: $0.00→ Common Stock (278 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F7]
2026-06-27−1,110→ 38,890 total
Exercise: $0.00→ Common Stock (1,110 underlying)

Footnotes (7)

[F1]Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
[F2]The Company withheld 77 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 76 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.
[F4]The Company withheld 304 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
[F5]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.
[F6]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.
[F7]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/Douglas Walter Gaylor|2026-06-30

1 file