Crexendo: COO Gaylor Douglas Walter exercised 278 shares

What happened Gaylor Douglas Walter, COO, exercised or converted 278 derivative units on Oct 4, 2026, acquiring 278 shares at $0.00. The company withheld 77 shares to satisfy payroll tax obligations at $5.92 per share for a total of $456. The filing also reports a corresponding derivative disposition of 278 units at $0.00.

Key details

• Transaction dates and prices: Oct 4, 2026 — exercise/conversion 278 shares @ $0.00 (acquired); Oct 4, 2026 — tax withholding 77 shares @ $5.92 for $456 (disposed); Oct 4, 2026 — derivative disposition 278 units @ $0.00.
• Shares owned after the transaction: not stated in the filing.
• Relevant footnotes from the filing:
  • F1: Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
  • F2: The company withheld 77 shares for payment of the associated payroll taxes, using the closing stock price on Oct 4, 2026 of $5.92; this transaction does not represent a sale by the reporting person.
  • F3: The RSUs vest in equal monthly installments over 36 months starting on Mar 4, 2026 and shares will be delivered upon vesting.
• Filing date: the Form 4 was filed on Oct 6, 2026; the filing does not indicate that it was late.

Why it may matter

• The filing shows an exercise/conversion of RSU-related derivative units and withholding of shares to cover payroll taxes (the withholding was not a sale by the reporting person per the filing).
• The filing reports what happened; it does not show why the insider traded or why the company acted.