Brinton Jon 4

4 · Crexendo, Inc. · Filed Mar 6, 2026

AI-generated summary of this filing

Updated Mar 7, 2026

Crexendo (CXDO) CRO Jon Brinton Receives RSU Award, Withholds Shares

What Happened

Jon Brinton, Chief Revenue Officer of Crexendo, received a grant of 40,000 restricted stock units (RSUs) on March 4, 2026 (award code A). In addition, RSUs converted/vested into 2,916 shares on March 4 and 2,917 shares on March 5 (exercise/conversion code M) — a total of 5,833 shares acquired at $0 per share. To cover payroll taxes, the company withheld 923 shares on March 4 (valued at $6.47/share, $5,972) and 843 shares on March 5 (valued at $6.88/share, $5,800). These withholdings are tax payments by share withholding (code F) and are not sales by the reporting person.
Net delivered shares from the reported vesting/conversions: 5,833 acquired − 1,766 withheld = 4,067 shares delivered to Brinton.

Key Details

Transaction dates and prices:
- Mar 4, 2026: 2,916 shares converted/vested at $0; 923 shares withheld at $6.47 for taxes (value $5,972).
- Mar 5, 2026: 2,917 shares converted/vested at $0; 843 shares withheld at $6.88 for taxes (value $5,800).
- Mar 4, 2026: Grant of 40,000 RSUs (value listed $0 as RSUs).
Shares owned after transaction: Not stated in the filing.
Footnotes of note:
- Each RSU represents the right to one share upon vesting; shares are delivered upon vesting (F1).
- Withholdings used closing prices on the respective dates to calculate tax amounts; these withholdings do not represent open‑market sales by Brinton (F2, F4).
- Multiple RSU awards/series have different vesting schedules: quarterly over 12 quarters starting June 5, 2024; June 4, 2025; and June 4, 2026 (F3, F5, F6).
Filing timeliness: Report filed Mar 6, 2026 (reporting period Mar 4–5, 2026); filing does not indicate lateness.

Context

These transactions are primarily awards and vesting of RSUs, with company share withholding to satisfy payroll taxes — a routine compensation event rather than an open‑market sale or purchase. The derivative code M indicates conversion/exercise of derivative securities (here, vesting/conversion of RSUs). Tax withholding via share retention is common and should not be interpreted as a directional insider sale.

Form 4

Period: 2026-03-04

Chief Revenue Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-04+2,916→ 123,644 total
Tax Payment
Common Stock
[F2]
2026-03-04$6.47/sh−923$5,972→ 122,721 total
Exercise/Conversion
Common Stock
[F1]
2026-03-05+2,917→ 125,638 total
Tax Payment
Common Stock
[F4]
2026-03-05$6.88/sh−843$5,800→ 124,795 total
Exercise/Conversion
Restricted Stock Units
[F1][F3]
2026-03-04−2,916→ 23,334 total
Exercise: $0.00→ Common Stock (2,916 underlying)
Exercise/Conversion
Restricted Stock Units
[F1][F5]
2026-03-05−2,917→ 11,667 total
Exercise: $0.00→ Common Stock (2,917 underlying)
Award
Restricted Stock Units
[F6]
2026-03-04+40,000→ 40,000 total
Exercise: $0.00→ Common Stock (40,000 underlying)

Footnotes (6)

[F1]Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
[F2]The Company withheld 923 shares of common stock for payment of the associated payroll taxes, using the closing stock price on March 4, 2026 of $6.47. This transaction does not represent a sale by the reporting person.
[F3]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.
[F4]The Company withheld 843 shares of common stock for payment of the associated payroll taxes, using the closing stock price on March 5, 2026 of $6.88. This transaction does not represent a sale by the reporting person.
[F5]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.
[F6]The RSUs will 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

Signature

/s/Jon Brinton|2026-03-06

1 file