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Crexendo, Inc.·4

Jun 8, 5:53 PM ET

Gaylor Douglas Walter 4

4 · Crexendo, Inc. · Filed Jun 8, 2026

Research Summary

AI-generated summary of this filing

Updated

Crexendo (CXDO) COO Douglas Gaylor Receives RSUs; Shares Withheld

What Happened
Douglas Gaylor, Chief Operating Officer of Crexendo, had a total of 15,277 restricted stock units (RSUs) convert to common shares (reported as derivative exercises, code M) on June 4–5, 2026. The company withheld 4,179 of those shares to cover payroll taxes (reported as code F) — the withheld shares were valued at approximately $35,768 using the closing prices disclosed in the filing — leaving about 11,098 shares delivered to Gaylor. These transactions reflect vesting and tax-withholding, not open‑market selling by the insider.

Key Details

  • Transactions: RSU conversions (M) of 15,277 shares on Jun 4–5, 2026; tax withholding (F) of 4,179 shares.
  • Withholding values/prices: 1,368 @ $8.93 = $12,216; 77 @ $8.93 = $688; 1,594 @ $8.93 = $14,234; 1,140 @ $7.57 = $8,630. Total withheld ≈ $35,768.
  • Net shares retained/delivered to insider: ~11,098 shares.
  • Shares owned after the transaction: Not disclosed in the filing.
  • Filing date: June 8, 2026 — appears to be filed timely (no late filing indicated).
  • Codes explained: M = exercise/conversion of derivative (RSU vesting); F = payment of exercise price or tax liability (company withheld shares). Footnotes clarify the withholdings do not represent a sale by the reporting person.

Context

  • These were vested RSUs converting to common stock, not open‑market purchases or sales. The company withheld shares to satisfy payroll tax obligations (a routine practice).
  • Multiple RSU grants with varying vesting schedules are referenced in the filing (monthly or quarterly vesting over periods starting in 2024–2026), and vesting is contingent on continuous employment per footnotes.

Insider Transaction Report

Form 4
Period: 2026-06-04
Crexendo, Inc.CXDO
Gaylor Douglas Walter
Chief Operating Officer
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-06-04+5,000→ 227,816 total
  • Tax Payment

    Common Stock

    [F2]
    2026-06-04$8.93/sh−1,368$12,216→ 226,448 total
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-06-04+277→ 226,725 total
  • Tax Payment

    Common Stock

    [F3]
    2026-06-04$8.93/sh−77$688→ 226,648 total
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-06-04+5,833→ 232,481 total
  • Tax Payment

    Common Stock

    [F4]
    2026-06-04$8.93/sh−1,594$14,234→ 230,887 total
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-06-04+4,167→ 235,054 total
  • Tax Payment

    Common Stock

    [F5]
    2026-06-05$7.57/sh−1,140$8,630→ 233,914 total
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F6]
    2026-06-04−5,000→ 35,000 total
    Exercise: $0.00→ Common Stock (5,000 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F8]
    2026-06-04−277→ 8,890 total
    Exercise: $0.00→ Common Stock (277 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F7]
    2026-06-04−5,833→ 64,167 total
    Exercise: $0.00→ Common Stock (5,833 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F9]
    2026-06-05−4,167→ 12,500 total
    Exercise: $0.00→ Common Stock (4,167 underlying)
Footnotes (9)
  • [F1]Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
  • [F2]The Company withheld 1368 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 4, 2026 of $8.93. This transaction does not represent a sale by the reporting person.
  • [F3]The Company withheld 77 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 4, 2026 of $8.93. This transaction does not represent a sale by the reporting person.
  • [F4]The Company withheld 1594 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 4, 2026 of $8.93. This transaction does not represent a sale by the reporting person.
  • [F5]The Company withheld 1140 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 5, 2026 of $7.57. This transaction does not represent a sale by the reporting person.
  • [F6]The RSUs vest in equal quarterly installments over 12 quarters starting on June 4, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
  • [F7]The RSUs vest in equal quarterly installments over 12 quarters starting on June 4, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
  • [F8]The RSUs will vest in equal monthly installments over 36 months starting on March 4, 2026 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
  • [F9]The RSUs vest in equal quarterly installments over 12 quarters starting on June 5, 2024 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
Signature
/s/ Douglas Walter Gaylor|2026-06-08

Documents

1 file
  • 4
    form4.xmlPrimary

    FORM 4