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Crexendo, Inc.·4

Jun 30, 8:02 PM ET

Gaylor Douglas Walter 4

Research Summary

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Updated

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.