Vincent Ron 4

What Happened

• Vincent Ron, CFO of Crexendo, had RSUs vest and converted (reported as exercise/conversion, code M) into a total of 1,666 shares on June 25 and June 27, 2026. The company withheld 707 of those shares to cover payroll taxes (reported as tax withholding, code F) and used closing prices of $6.92 (6/25) and $7.23 (6/27) to value the withheld shares. The withheld shares' reported cash value totals about $5,039; the net shares delivered to Ron were about 959. These were vesting/tax-withholding transactions (routine), not open-market sales or purchases.

Key Details

• Transaction dates and prices:
  • 6/25/2026: 556 RSUs converted (two 278-unit conversions); 236 shares withheld at $6.92 (≈ $1,634).
  • 6/27/2026: 1,110 RSUs converted; 471 shares withheld at $7.23 (≈ $3,405).
  • Total converted: 1,666 RSUs; total withheld: 707 shares; total withholding value ≈ $5,039.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = shares withheld for tax/payment of payroll taxes.
• Shares owned after the transactions: not specified in the provided filing data.
• Filing: Form 4 filed with accession date 2026-06-30; transactions occurred 6/25 and 6/27 (review timing vs. SEC 2-business-day reporting rule if relevant).

Context

• These entries reflect RSU vesting and conversion into common stock. The company withheld shares to satisfy payroll tax liabilities (a common, administrative "cashless" tax-withholding method), not a market sale by the insider.
• Footnotes explain that each RSU equals one share on vesting and list the vesting schedules for the related awards (monthly over 36 months from the grant start dates). This is routine compensation vesting for an employee/executive rather than an indication of buying or selling intent.