Crexendo (CXDO) CFO Vincent Ron Receives RSUs; Shares Withheld

What Happened Vincent Ron, Chief Financial Officer of Crexendo, had RSUs convert into 15,276 shares on September 4–5, 2026 (transaction code M = derivative exercise/conversion). To cover payroll tax obligations, the company withheld a total of 6,471 shares (transaction code F), using the closing price of $6.01 — aggregate withholding value ≈ $38,891. Net shares delivered to Mr. Ron after withholding were 8,805 shares. These were vesting RSUs (see footnotes on vesting schedules).

Key Details

• Transaction dates: September 4 and 5, 2026; Form 4 filed September 9, 2026 (appears to be filed late relative to typical 2-business-day requirement).
• Shares acquired on conversion (M): 15,276 total (5,000 + 277 + 5,833 + 4,166).
• Shares withheld for taxes (F): 6,471 total (2,118; 118; 2,470; 1,765) — cash value reported using $6.01 close: $12,729; $709; $14,845; $10,608 (total ≈ $38,891).
• Net shares delivered to reporting person: 8,805 shares (15,276 − 6,471).
• Shares owned after transaction: not specified in the filing.
• Notable footnotes: these were RSU vestings (various vesting schedules noted); company withholding to satisfy payroll taxes does not represent an open-market sale by the insider.

Context These transactions reflect RSU vesting and standard tax-withholding mechanics (company retains shares to pay taxes), not an open-market sale or purchase. Transaction codes: M = exercised/converted derivative (RSU settlement), F = company-withheld shares for tax payment. The filing date is after the transaction dates (filed 2026-09-09 for 9/4–9/5 events), which appears to be late by typical Form 4 timing standards.