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

What Happened

• Vincent Ron, Chief Financial Officer of Crexendo, had restricted stock units (RSUs) vest and convert into common stock. A total of 1,667 shares were issued on vesting (recorded as derivative exercises at $0.00). The company withheld 707 of those shares to cover payroll taxes (118 + 118 + 471 shares), which were valued using the $6.09 closing price to total approximately $4,306. Net shares delivered to Mr. Ron after withholding: 960 shares.
• Transaction types reported: M = exercise/conversion of derivative (RSU vesting) and F = payment of exercise price or tax liability (share withholding). The withholding entries are not open‑market sales by the insider.

Key Details

• Transaction dates: vesting/conversions on 2026-09-25 (two separate 278-share vestings) and 2026-09-27 (1,111-share vesting). Tax-withholding entries correspond to those dates.
• Prices noted: shares from RSU vesting recorded at $0.00; withholding value calculated at closing price $6.09 per share. Withheld amounts: 118 shares ($719) + 118 shares ($719) + 471 shares (~$2,868) = ~$4,306.
• Shares owned after transaction: Not disclosed in the Form 4 provided.
• Footnotes: Each RSU equals one share upon vesting (F1). The withheld shares were used to satisfy payroll tax obligations and do not represent a sale by the reporting person (F2, F3). Vesting schedules: the grants vest monthly over 36 months from their respective start dates (March 25, 2025; October 25, 2025; June 27, 2026) (F4–F6).
• Filing: Form 4 was filed 2026-09-29 reporting the 9/25–9/27 vesting events; the report itself does not indicate any late filing.

Context

• These transactions reflect RSU vesting (a conversion of derivative awards into shares), not an open-market buy or sell. The company withheld shares to cover payroll taxes rather than the insider selling shares on the open market (a common practice for tax withholding on equity awards).
• For retail investors: vesting and share-withholding are routine compensation events and do not by themselves signal CEO/CFO buying or selling sentiment.