Crexendo (CXDO) CFO gains stock from RSUs as shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Crexendo, Inc. Chief Financial Officer Vincent Ron reported routine equity compensation activity involving restricted stock units (RSUs). On March 25, 2026, RSUs covering 556 shares of common stock vested and were delivered, increasing his direct holdings. To cover associated payroll taxes, the company withheld 153 shares of common stock, valued using the $6.48 closing price, which the footnotes clarify does not represent a market sale. After these transactions, Ron directly holds 180,272 shares of Crexendo common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
556 shares exercised/converted
Mixed
6 txns
Insider
Vincent Ron
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 278 | $0.00 | -- |
| Exercise | Restricted Stock Units | 278 | $0.00 | -- |
| Exercise | Common Stock | 278 | $0.00 | -- |
| Tax Withholding | Common Stock | 76 | $6.48 | $492.48 |
| Exercise | Common Stock | 278 | $0.00 | -- |
| Tax Withholding | Common Stock | 77 | $6.48 | $498.96 |
Holdings After Transaction:
Restricted Stock Units — 6,390 shares (Direct);
Common Stock — 180,147 shares (Direct)
Footnotes (1)
- Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment. The Company withheld 76 shares of common stock for payment of the associated payroll taxes, using the closing stock price on March 25, 2026 of $6.48. This transaction does not represent a sale by the reporting person. The RSUs vest in equal monthly installments over 36 months starting on March 25, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting. The Company withheld 77 shares of common stock for payment of the associated payroll taxes, using the closing stock price on March 25, 2026 of $6.48. This transaction does not represent a sale by the reporting person. The RSUs vest in equal monthly installments over 36 months starting on October 25, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
FAQ
What insider transactions did Crexendo (CXDO) CFO Vincent Ron report on March 25, 2026?
Crexendo CFO Vincent Ron reported RSU vesting and related tax-withholding transactions. RSUs for 556 shares of common stock vested, while 153 shares were withheld by the company to satisfy payroll taxes, leaving him with 180,272 common shares held directly.
Do the tax-withholding entries in the Crexendo (CXDO) CFO Form 4 represent market sales?
The tax-withholding entries do not represent market sales by the CFO. Footnotes clarify the 76 and 77 shares were withheld by the company to pay payroll taxes at $6.48 per share, describing these as tax-liability payments rather than discretionary open-market dispositions.
How do the Crexendo (CXDO) CFO’s RSUs vest according to the Form 4 footnotes?
The RSUs vest in equal monthly installments over 36 months. One grant began vesting on March 25, 2025 and another on October 25, 2025, with each schedule requiring continuous employment and delivering one share of common stock for each RSU upon vesting.