Vincent Ron 4

What Happened

• Vincent Ron, Chief Financial Officer of Crexendo, converted (exercised/converted) 278 restricted stock units (RSUs) into 278 shares of CXDO common stock on July 4, 2026. No cash exercise price was reported for the conversion.
• To cover payroll tax liabilities associated with the vesting, 118 of those shares were withheld by the company at the closing price on July 4, 2026 of $7.62, resulting in a withholding value of about $899. This withholding is a tax payment, not an open-market sale by Mr. Ron.

Key Details

• Transaction date: July 4, 2026; Form 4 filed July 6, 2026 (two days after the transaction).
• Conversion: 278 RSUs → 278 shares (code M); price reported $0.00 for the conversion.
• Tax withholding: 118 shares withheld (code F) at $7.62 per share; value shown ≈ $899. The filing notes this withholding does not represent a sale by the reporting person.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes: Each RSU equals the right to one share upon vesting. RSUs vest monthly in equal installments over 36 months beginning Feb 4, 2026, subject to continued employment.

Context

• This was a conversion of RSUs (a compensation award) rather than a market purchase or an open-market sale. Withholding of shares to pay taxes is a routine administrative step when awards vest and generally should not be interpreted as a directional trade signal.
• Transaction codes: M = exercise/conversion of a derivative (here, RSUs); F = shares withheld to satisfy tax obligations. The filing shows the company handled tax withholding rather than the insider selling shares on the market.