Crexendo, Inc. Chief Executive Officer Jeffrey G. Korn filed a Form 4 on October 27, 2026, disclosing restricted stock unit vestings and related share withholdings for tax payments occurring on October 25 and October 27, 2026.

Key Highlights

  • Issuer and ticker: Crexendo, Inc., listed as NASDAQ:CXDO
  • RSU vestings: A total of 1,667 shares of common stock were acquired via three separate RSU conversion transactions (278 on October 25, 278 on October 25, and 1,111 on October 27, 2026), each at $0 per share
  • Tax withholding: The company withheld 68 shares on October 25, 2026 at $5.75 per share, and 271 shares on October 27, 2026 at $5.90 per share, for payment of associated payroll taxes
  • No open-market sale: According to the filing, the share withholding transactions "do not represent a sale by the reporting person"
  • Resulting ownership: Following all reported transactions, Korn directly beneficially owned 240,325 shares of common stock as of October 27, 2026
  • Remaining RSUs: After the vestings, Korn held 4,446, 6,390, and 34,446 restricted stock units remaining under three separate RSU grants, respectively

Jeffrey Korn's RSU Vestings and Tax Withholdings at Crexendo in October 2026

According to the Form 4 filed with the SEC, Jeffrey G. Korn, Chief Executive Officer of Crexendo, Inc. (NASDAQ:CXDO), reported a series of transactions tied to the vesting of restricted stock units on October 25 and October 27, 2026. The filing indicates that each RSU represents the right to receive, upon vesting, one share of CXDO common stock, contingent on continued employment.

On October 25, 2026, two separate RSU grants each vested 278 shares, with the company withholding 68 shares total at the closing stock price of $5.75 to cover payroll tax obligations. One of those RSU grants vests in equal monthly installments over 36 months beginning March 25, 2025; the other began vesting monthly on October 25, 2025, both subject to continuous employment. On October 27, 2026, a third RSU grant vested 1,111 shares, with 271 shares withheld at the closing price of $5.90 for the same tax purpose. That grant vests monthly over 36 months from June 27, 2026, according to the filing.

All transaction codes for the share acquisitions are listed as "M" (conversion of derivative security), and the withholding transactions are coded "F" (payment of exercise price or tax liability). The filing confirms that following all reported transactions, Korn directly held 240,325 shares of Crexendo common stock. The remaining RSU balances under the three respective grants stand at 4,446, 6,390, and 34,446 units, as reported.

What Was Disclosed

Crexendo CEO Jeffrey G. Korn disclosed RSU vestings totaling 1,667 shares of common stock and company-withheld shares totaling 339 for payroll tax purposes, across transactions on October 25 and October 27, 2026, leaving him with 240,325 directly held shares.