KORN JEFFREY G 4

What Happened
Jeffrey G. Korn, CEO of Crexendo, had 278 restricted stock units (RSUs) convert into common shares on July 4, 2026. The RSUs vested at $0 exercise price; the company withheld 68 of those shares to cover payroll taxes using the closing price of $7.62 (value ≈ $518). Net shares delivered to Korn were 210. This was a vesting/conversion of awards (not an open-market purchase or sale).

Key Details

• Transaction date: July 4, 2026; Form 4 filed July 6, 2026 (appears timely).
• Vesting/conversion: 278 RSUs converted to shares (code M, $0.00 per share).
• Tax withholding: 68 shares withheld (code F) at $7.62 per share, totaling ~$518; company notes this is withholding, not a sale.
• Net shares delivered to insider: 278 − 68 = 210 shares.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Relevant footnotes: F1 — each RSU converts to one CXDO share upon vesting; F3 — RSUs vest in equal monthly installments over 36 months starting Feb 4, 2026; F2 — withholding used the July 4 closing price and is not a sale.

Context
This was an award vesting (RSU conversion), a routine non-cash event for executive compensation. The filing shows conversion and share-withholding for taxes (a common “sell-to-cover” mechanism) rather than any market sale or purchase, so it does not by itself signal a bullish or bearish view by the insider.