Vincent Ron 4

What Happened

• Vincent Ron, Chief Financial Officer of Crexendo, had restricted stock units (RSUs) convert to common stock on March 25, 2026. The filing shows two RSU vesting/conversion events of 278 shares each (556 shares total) reported as derivative exercises/conversions (code M).
• The company withheld 76 and 77 shares to cover payroll taxes (codes F), using the closing price of $6.48 on March 25, 2026, for a total withholding value of $992 (76 x $6.48 = $492; 77 x $6.48 = $499). Net shares delivered to Mr. Ron would be the vested shares minus withheld shares (556 − 153 = 403 shares).
• These transactions reflect vesting/settlement of awards (not an open‑market buy or sell by the insider); withholding for taxes is not a sale by the reporting person.

Key Details

• Transaction date: March 25, 2026; Form 4 filed March 27, 2026 (timely).
• Vesting/conversion entries: two entries of 278 shares (code M) for $0.00 per share (reflecting conversion of RSUs).
• Tax withholding: 76 shares and 77 shares withheld (code F) at $6.48 per share; total withheld value reported ≈ $992.
• Net shares received (based on filing line items): 403 shares (556 vested − 153 withheld).
• Relevant footnotes: RSUs represent the right to receive one share upon vesting (F1); one grant vests monthly from Mar 25, 2025 (F3) and another vests monthly from Oct 25, 2025 (F5). Withholdings were to cover payroll taxes and do not represent an insider sale (F2, F4).
• Shares owned after the transaction: not specified in the provided filing summary.

Context

• These entries represent RSU vesting/conversion (derivative to common stock). The withholding of shares to cover taxes is a routine administrative step and should not be read as a market sale by the insider.
• For retail investors, awards and vesting are informative about executive compensation alignment but do not necessarily signal buying or selling intent. This filing shows receipt of shares through vesting rather than an open‑market purchase or sale.