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[Form 4] CREXENDO INC Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Insider Form 4 summary: Crexendo, Inc. (CXDO) Chief Technology Officer David T. Wang reported receipt of restricted stock units (RSUs) and withholding of shares for payroll taxes in early September 2025. On 09/04/2025 he was granted 2,083 RSUs and on 09/05/2025 he was granted 2,917 RSUs; each RSU converts to one share upon vesting. The company withheld 1,058 shares on 09/04/2025 at a closing price of $6.49 and 1,482 shares on 09/05/2025 at $6.59 to satisfy payroll tax obligations; these withholdings are not sales by the reporting person. Following the reported transactions, Mr. Wang beneficially owned 453,147 shares as of 09/05/2025, held directly. The RSUs vest in equal quarterly installments over 12 quarters from their respective start dates, contingent on continued employment.

Riepilogo del Form 4 da insider: David T. Wang, Chief Technology Officer di Crexendo, Inc. (CXDO), ha ricevuto restricted stock units (RSU) e la societ脿 ha trattenuto azioni per le imposte sul reddito da lavoro all'inizio di settembre 2025. Il 04/09/2025 gli sono state assegnate 2.083 RSU e il 05/09/2025 2.917 RSU; ogni RSU si converte in un'azione al momento del vesting. La societ脿 ha trattenuto 1.058 azioni il 04/09/2025 al prezzo di chiusura di $6,49 e 1.482 azioni il 05/09/2025 al prezzo di $6,59 per coprire le imposte previdenziali; tali trattenute non costituiscono vendite da parte del dichiarante. Dopo le operazioni riportate, il Sig. Wang possedeva beneficiariamente 453.147 azioni al 05/09/2025, detenute direttamente. Le RSU maturano in rate trimestrali uguali per 12 trimestri a partire dalle rispettive date di inizio, subordinatamente alla permanenza in servizio.

Resumen del Formulario 4 de insider: David T. Wang, Director de Tecnolog铆a (CTO) de Crexendo, Inc. (CXDO), inform贸 la recepci贸n de unidades de acciones restringidas (RSU) y la retenci贸n de acciones para impuestos sobre la n贸mina a principios de septiembre de 2025. El 04/09/2025 se le otorgaron 2.083 RSU y el 05/09/2025 2.917 RSU; cada RSU se convierte en una acci贸n al vesting. La compa帽铆a retuvo 1.058 acciones el 04/09/2025 a un precio de cierre de $6,49 y 1.482 acciones el 05/09/2025 a $6,59 para satisfacer obligaciones fiscales sobre la n贸mina; estas retenciones no son ventas por parte del informante. Tras las transacciones reportadas, el Sr. Wang pose铆a beneficiosamente 453.147 acciones al 05/09/2025, en propiedad directa. Las RSU se consolidan en cuotas trimestrales iguales durante 12 trimestres desde sus respectivas fechas de inicio, condicionadas a la continuidad en el empleo.

鞚胳偓鞚措崝 Form 4 鞖旍暯: Crexendo, Inc. (CXDO) 斓滉碃旮办垹毂呾瀯鞛�(CTO) David T. Wang鞚� 鞝滍暅攵�欤检嫕雼渼(RSU)毳� 靾橂牴頄堨溂氅� 2025雲� 9鞗� 齑� 旮夓棳靹� 雮╇秬毳� 鞙勴暣 欤检嫕 鞚茧秬臧� 鞗愳矞歆曥垬霅橃棃鞀惦媹雼�. 2025-09-04鞐� 2,083 RSU臧� 攵�鞐悩鞐堦碃 2025-09-05鞐� 2,917 RSU臧� 攵�鞐悩鞐堨溂氅�, 臧� RSU電� 氩犾姢韺� 鞁� 1欤茧 鞝勴櫂霅╇媹雼�. 須岇偓電� 2025-09-04鞐� 膦呹皜 $6.49 旮办鞙茧 1,058欤�, 2025-09-05鞐� $6.59 旮办鞙茧 1,482欤茧ゼ 鞗愳矞歆曥垬頃橃棳 旮夓棳靹� 鞚橂毳� 於╇嫻頄堨溂氅�, 鞚� 鞗愳矞歆曥垬電� 氤搓碃鞛愳潣 毵る弰臧� 鞎勲嫏雼堧嫟. 氤搓碃霅� 瓯半灅 鞚错泟 Wang 鞌姅 2025-09-05 旮办鞙茧 歆侅爲 氤挫湢頃� 453,147欤检潣 鞁れ鞝� 靻岇湢鞛愱皜 霅橃棃鞀惦媹雼�. RSU電� 臧� 鞁滌瀾鞚茧攵�韯� 12攵勱赴 霃欖晥 毵� 攵勱赴 霃欖澕 牍勳湪搿� 氩犾姢韺呺悩氅� 瓿勳啀 攴茧臧� 鞝勳牅 臁瓣贝鞛呺媹雼�.

R茅sum茅 du Formulaire 4 d'initi茅 : David T. Wang, directeur technique (CTO) de Crexendo, Inc. (CXDO), a d茅clar茅 la r茅ception d'unit茅s d'actions restreintes (RSU) et la retenue d'actions pour les imp么ts sur la paie au d茅but de septembre 2025. Le 04/09/2025, il s'est vu attribuer 2 083 RSU et le 05/09/2025 2 917 RSU ; chaque RSU se convertit en une action lors du vesting. La soci茅t茅 a retenu 1 058 actions le 04/09/2025 au prix de cl么ture de 6,49 $ et 1 482 actions le 05/09/2025 脿 6,59 $ pour couvrir les obligations fiscales sur la paie ; ces retenues ne constituent pas des ventes de la part du d茅clarant. 脌 la suite des op茅rations rapport茅es, M. Wang d茅tenait, au 05/09/2025, 453 147 actions en propri茅t茅 effective, d茅tenues directement. Les RSU acqui猫rent droit par versements trimestriels 茅gaux sur 12 trimestres 脿 compter de leurs dates de d茅part respectives, sous r茅serve de la poursuite de l'emploi.

Zusammenfassung des Insider-Formulars 4: David T. Wang, Chief Technology Officer von Crexendo, Inc. (CXDO), meldete den Erhalt von Restricted Stock Units (RSUs) und die Einbehaltung von Aktien zur Begleichung von Lohnsteuerverpflichtungen Anfang September 2025. Am 04.09.2025 wurden ihm 2.083 RSUs gew盲hrt und am 05.09.2025 weitere 2.917 RSUs; jede RSU wandelt sich bei Vesting in eine Aktie um. Das Unternehmen behielt am 04.09.2025 1.058 Aktien zum Schlusskurs von $6,49 und am 05.09.2025 1.482 Aktien zum Kurs von $6,59 ein, um die Lohnsteuer zu erf眉llen; diese Einbehalte stellen keinen Verkauf durch die meldepflichtige Person dar. Nach den gemeldeten Transaktionen besa脽 Herr Wang zum 05.09.2025 wirtschaftlich 453.147 Aktien, direkt gehalten. Die RSUs vesten in gleichen viertelj盲hrlichen Raten 眉ber 12 Quartale ab den jeweiligen Startdaten, vorausgesetzt das Arbeitsverh盲ltnis besteht fort.

Positive
  • RSU grants align executive incentives through multi-quarter vesting, encouraging retention and long-term performance.
  • Withholding of shares for taxes indicates administrative settling of tax obligations rather than open-market selling by the insider.
Negative
  • Potential dilution exists as RSUs convert to shares upon vesting, though amounts reported are modest.

Insights

TL;DR: Routine executive compensation via RSUs aligns CTO incentives with shareholders; withholding of shares for taxes is administrative, not a market sale.

The reported activity is a standard compensation event: grant and vesting of restricted stock units subject to multi-year service conditions. The quarterly vesting schedule over 12 quarters encourages long-term retention and alignment with shareholder value. Share withholding to cover payroll taxes is customary and explicitly noted as not representing a sale, reducing potential misinterpretation of insider selling. Ownership of ~453k shares provides meaningful insider alignment but the filing contains no indication of accelerated vesting, change-in-control clauses, or other unusual governance terms.

TL;DR: Transactions are immaterial to company capitalization and reflect compensation mechanics rather than market-disposition by the insider.

The filings show issuance of 5,000 RSUs (2,083 and 2,917) with immediate vesting events recorded as 'M' (award/issuance) and share withholding for tax obligations at market prices of $6.49 and $6.59. The net incremental shares outstanding from these events are modest relative to typical public company floats, and the withheld amounts reduce immediate dilution. No options were exercised for cash, and there is no evidence of divestiture pressure from the reporting person. Impact on near-term share supply and earnings-per-share is likely negligible.

Riepilogo del Form 4 da insider: David T. Wang, Chief Technology Officer di Crexendo, Inc. (CXDO), ha ricevuto restricted stock units (RSU) e la societ脿 ha trattenuto azioni per le imposte sul reddito da lavoro all'inizio di settembre 2025. Il 04/09/2025 gli sono state assegnate 2.083 RSU e il 05/09/2025 2.917 RSU; ogni RSU si converte in un'azione al momento del vesting. La societ脿 ha trattenuto 1.058 azioni il 04/09/2025 al prezzo di chiusura di $6,49 e 1.482 azioni il 05/09/2025 al prezzo di $6,59 per coprire le imposte previdenziali; tali trattenute non costituiscono vendite da parte del dichiarante. Dopo le operazioni riportate, il Sig. Wang possedeva beneficiariamente 453.147 azioni al 05/09/2025, detenute direttamente. Le RSU maturano in rate trimestrali uguali per 12 trimestri a partire dalle rispettive date di inizio, subordinatamente alla permanenza in servizio.

Resumen del Formulario 4 de insider: David T. Wang, Director de Tecnolog铆a (CTO) de Crexendo, Inc. (CXDO), inform贸 la recepci贸n de unidades de acciones restringidas (RSU) y la retenci贸n de acciones para impuestos sobre la n贸mina a principios de septiembre de 2025. El 04/09/2025 se le otorgaron 2.083 RSU y el 05/09/2025 2.917 RSU; cada RSU se convierte en una acci贸n al vesting. La compa帽铆a retuvo 1.058 acciones el 04/09/2025 a un precio de cierre de $6,49 y 1.482 acciones el 05/09/2025 a $6,59 para satisfacer obligaciones fiscales sobre la n贸mina; estas retenciones no son ventas por parte del informante. Tras las transacciones reportadas, el Sr. Wang pose铆a beneficiosamente 453.147 acciones al 05/09/2025, en propiedad directa. Las RSU se consolidan en cuotas trimestrales iguales durante 12 trimestres desde sus respectivas fechas de inicio, condicionadas a la continuidad en el empleo.

鞚胳偓鞚措崝 Form 4 鞖旍暯: Crexendo, Inc. (CXDO) 斓滉碃旮办垹毂呾瀯鞛�(CTO) David T. Wang鞚� 鞝滍暅攵�欤检嫕雼渼(RSU)毳� 靾橂牴頄堨溂氅� 2025雲� 9鞗� 齑� 旮夓棳靹� 雮╇秬毳� 鞙勴暣 欤检嫕 鞚茧秬臧� 鞗愳矞歆曥垬霅橃棃鞀惦媹雼�. 2025-09-04鞐� 2,083 RSU臧� 攵�鞐悩鞐堦碃 2025-09-05鞐� 2,917 RSU臧� 攵�鞐悩鞐堨溂氅�, 臧� RSU電� 氩犾姢韺� 鞁� 1欤茧 鞝勴櫂霅╇媹雼�. 須岇偓電� 2025-09-04鞐� 膦呹皜 $6.49 旮办鞙茧 1,058欤�, 2025-09-05鞐� $6.59 旮办鞙茧 1,482欤茧ゼ 鞗愳矞歆曥垬頃橃棳 旮夓棳靹� 鞚橂毳� 於╇嫻頄堨溂氅�, 鞚� 鞗愳矞歆曥垬電� 氤搓碃鞛愳潣 毵る弰臧� 鞎勲嫏雼堧嫟. 氤搓碃霅� 瓯半灅 鞚错泟 Wang 鞌姅 2025-09-05 旮办鞙茧 歆侅爲 氤挫湢頃� 453,147欤检潣 鞁れ鞝� 靻岇湢鞛愱皜 霅橃棃鞀惦媹雼�. RSU電� 臧� 鞁滌瀾鞚茧攵�韯� 12攵勱赴 霃欖晥 毵� 攵勱赴 霃欖澕 牍勳湪搿� 氩犾姢韺呺悩氅� 瓿勳啀 攴茧臧� 鞝勳牅 臁瓣贝鞛呺媹雼�.

R茅sum茅 du Formulaire 4 d'initi茅 : David T. Wang, directeur technique (CTO) de Crexendo, Inc. (CXDO), a d茅clar茅 la r茅ception d'unit茅s d'actions restreintes (RSU) et la retenue d'actions pour les imp么ts sur la paie au d茅but de septembre 2025. Le 04/09/2025, il s'est vu attribuer 2 083 RSU et le 05/09/2025 2 917 RSU ; chaque RSU se convertit en une action lors du vesting. La soci茅t茅 a retenu 1 058 actions le 04/09/2025 au prix de cl么ture de 6,49 $ et 1 482 actions le 05/09/2025 脿 6,59 $ pour couvrir les obligations fiscales sur la paie ; ces retenues ne constituent pas des ventes de la part du d茅clarant. 脌 la suite des op茅rations rapport茅es, M. Wang d茅tenait, au 05/09/2025, 453 147 actions en propri茅t茅 effective, d茅tenues directement. Les RSU acqui猫rent droit par versements trimestriels 茅gaux sur 12 trimestres 脿 compter de leurs dates de d茅part respectives, sous r茅serve de la poursuite de l'emploi.

Zusammenfassung des Insider-Formulars 4: David T. Wang, Chief Technology Officer von Crexendo, Inc. (CXDO), meldete den Erhalt von Restricted Stock Units (RSUs) und die Einbehaltung von Aktien zur Begleichung von Lohnsteuerverpflichtungen Anfang September 2025. Am 04.09.2025 wurden ihm 2.083 RSUs gew盲hrt und am 05.09.2025 weitere 2.917 RSUs; jede RSU wandelt sich bei Vesting in eine Aktie um. Das Unternehmen behielt am 04.09.2025 1.058 Aktien zum Schlusskurs von $6,49 und am 05.09.2025 1.482 Aktien zum Kurs von $6,59 ein, um die Lohnsteuer zu erf眉llen; diese Einbehalte stellen keinen Verkauf durch die meldepflichtige Person dar. Nach den gemeldeten Transaktionen besa脽 Herr Wang zum 05.09.2025 wirtschaftlich 453.147 Aktien, direkt gehalten. Die RSUs vesten in gleichen viertelj盲hrlichen Raten 眉ber 12 Quartale ab den jeweiligen Startdaten, vorausgesetzt das Arbeitsverh盲ltnis besteht fort.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Wang David Tzat-kin
(Last) (First) (Middle)
8910 UNIVERSITY CENTER LANE
STE 400
(Street)
SAN DIEGO CA 92122
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Crexendo, Inc. [ CXDO ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/04/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/04/2025 M 2,083 A $0(1) 451,288 D
Common Stock 09/04/2025 F(2) 1,058 D $6.49 450,230 D
Common Stock 09/05/2025 M 2,917 A $0(1) 453,147 D
Common Stock 09/05/2025 F(4) 1,482 D $6.59 451,665 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units $0(1) 09/04/2025 M 2,083 (3) (3) Common Stock 2,083 $0 20,834 D
Restricted Stock Units $0(1) 09/05/2025 M 2,917 (5) (5) Common Stock 2,917 $0 17,500 D
Explanation of Responses:
1. Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
2. The Company withheld 1,058 shares of common stock for payment of the associated payroll taxes, using the closing stock price on September 4, 2025 of $6.49. This transaction does not represent a sale by the reporting person.
3. The RSUs will 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.
4. The Company withheld 1,482 shares of common stock for payment of the associated payroll taxes, using the closing stock price on September 5, 2025 of $6.59. This transaction does not represent a sale by the reporting person.
5. 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.
/s/ David Tzat-kin Wang 09/08/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source:

FAQ

What insider transactions were reported for CXDO on the September 2025 Form 4?

David T. Wang received 2,083 RSUs on 09/04/2025 and 2,917 RSUs on 09/05/2025, with share withholding of 1,058 and 1,482 shares respectively for payroll taxes.

Did the Form 4 report any insider sales by the reporting person?

No. The withheld shares were used to satisfy payroll taxes and are explicitly stated not to be sales by the reporting person.

How many shares did the reporting person own after the transactions?

451,288 shares after 09/04 transactions and 453,147 shares following 09/05 transactions as reported on the Form 4.

What were the withholding prices used for payroll taxes?

$6.49 per share on 09/04/2025 and $6.59 per share on 09/05/2025 for the withheld shares.

When do the RSUs vest?

RSUs vest in equal quarterly installments over 12 quarters from their respective start dates (June 4, 2025 and June 5, 2024), contingent on continued employment.
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Crexendo Inc

NASDAQ:CXDO

CXDO Rankings

#4235 Ranked by Market Cap
N/A Ranked by Dividends

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Aug 20, 2025
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CXDO Latest SEC Filings

Sep 8, 2025
[Form 4] CREXENDO INC Insider Trading Activity
Sep 8, 2025
[Form 4] CREXENDO INC Insider Trading Activity
Sep 8, 2025
[Form 4] CREXENDO INC Insider Trading Activity
Sep 8, 2025
[Form 4] CREXENDO INC Insider Trading Activity
Sep 8, 2025
[Form 4] CREXENDO INC Insider Trading Activity

CXDO Stock Data

193.69M
16.53M
45.22%
24.85%
2.23%
Telecom Services
Telephone Communications (no Radiotelephone)
United States
TEMPE