Brinton Jon 4

What Happened

• Jon Brinton, Chief Revenue Officer of Crexendo, had restricted stock units (RSUs) convert to common shares on June 4–5, 2026. A total of 9,167 shares were acquired via conversion (reported as derivative conversions at $0.00). To cover payroll taxes, the company withheld 2,416 shares (reported as dispositions) for a cash value of about $20,529 ($6,867 + $7,841 + $5,821).

Key Details

• Transaction types: M = exercise/conversion of derivative (RSU vesting); F = payment of exercise price or tax liability (share withholding).
• Vesting/conversions reported: 2,917, 3,333, and 2,917 shares (total 9,167) acquired via conversion on 6/4 and 6/5/2026 at $0.00 per share.
• Withheld for taxes: 769, 878, and 769 shares (total 2,416) withheld on 6/4–6/5; withholding values reported as $6,867, $7,841, and $5,821 respectively (closing prices $8.93 on 6/4 and $7.57 on 6/5).
• These withholding transactions are not open-market sales by the reporting person; they are net share settlements to satisfy payroll tax obligations.
• Vesting schedules noted in the filing: the RSU awards vest quarterly over 12 quarters (start dates: 6/5/2024, 6/4/2025, and 6/4/2026) subject to continuous employment.
• Filing date 2026-06-08 for transactions on 2026-06-04 and 2026-06-05 — no late filing is indicated.

Context

• These transactions reflect RSU vesting and net share withholding (common for tax payment), not market sales or purchases. The reporting code M indicates conversion/settlement of derivative awards; code F reflects shares withheld to satisfy tax liabilities. The filing does not disclose Brinton’s total shares owned after these transactions.