SEC Form 4 · accession 0001654954-26-005796
Crexendo, Inc. · CXDO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey G Korn
Officer — Chief Executive Officer
Period of report
Jun 4, 2026
Accepted (ET)
Jun 8, 2026 · 6:59 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001075736
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 4, 2026 | M | 5,000 | $0.00 | A | 214,026 | D | |
| Common Stock | Jun 4, 2026 | F | 1,218 | $8.93 | D | 212,808 | D | |
| Common StockF1 | Jun 4, 2026 | M | 277 | $0.00 | A | 213,085 | D | |
| Common Stock | Jun 4, 2026 | F | 68 | $8.93 | D | 213,017 | D | |
| Common StockF1 | Jun 4, 2026 | M | 5,833 | $0.00 | A | 218,850 | D | |
| Common Stock | Jun 4, 2026 | F | 1,420 | $8.93 | D | 217,430 | D | |
| Common StockF1 | Jun 5, 2026 | M | 5,000 | $0.00 | A | 222,430 | D | |
| Common Stock | Jun 5, 2026 | F | 1,218 | $7.57 | D | 221,212 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F6 | $0.00 | Jun 4, 2026 | M | 5,000 | D | — | — | Common Stock | 5,000 | 35,000 | D |
| Restricted Stock UnitsF1,F8 | $0.00 | Jun 4, 2026 | M | 277 | D | — | — | Common Stock | 277 | 8,890 | D |
| Restricted Stock UnitsF1,F7 | $0.00 | Jun 4, 2026 | M | 5,833 | D | — | — | Common Stock | 5,833 | 64,167 | D |
| Restricted Stock UnitsF1,F9 | $0.00 | Jun 5, 2026 | M | 5,000 | D | — | — | Common Stock | 5,000 | 15,000 | D |
Explanation of responses
- F1Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
- F2The Company withheld 1218 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.
- F3The Company withheld 68 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.
- F4The Company withheld 1420 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.
- F5The Company withheld 1218 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.
- F6The 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.
- F7The 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.
- F8The 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.
- F9The 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.