Crexendo: CEO Jeffrey G Korn exercised 278 shares

What happened

• Jeffrey G Korn, CEO, exercised or converted a derivative into 278 shares on Oct 4, 2026. The filing also reports a separate derivative disposition of 278 shares at $0 and a tax/payment withholding of 68 shares at $5.92 for $403.

Key details

• Transaction dates and prices: Oct 4, 2026 — exercise/conversion (M) 278 shares @ $0.00; tax withholding/payment (F) 68 shares @ $5.92, total $403; exercise/conversion (M) 278 shares @ $0.00 (disposed as derivative).
• Shares owned after the transaction: not stated in the filing.
• Footnotes from the filing: F1 — each RSU represents the right to receive one share upon vesting contingent on continued employment; F2 — the company withheld 68 shares for payroll taxes using the Oct 4, 2026 closing price of $5.92 and notes this withholding does not represent a sale by the reporting person; F3 — RSUs vest in equal monthly installments over 36 months starting Mar 4, 2026, subject to continuous employment.
• Filing timeliness: the filing does not indicate it was filed late.
• Transaction codes reported: M = exercise or conversion of derivative; F = payment of exercise price or tax liability.

Why it may matter

• This filing reports an exercise or conversion of a derivative; the filing shows shares were withheld to cover tax obligations rather than sold in the open market.
• The filing does not show why the insider traded or why the company acted.