Douglas Walter Gaylor, Chief Operating Officer of Crexendo, Inc. (NASDAQ:CXDO), filed a Form 4 on October 27, 2026, reporting the vesting of restricted stock units and related share withholdings across transactions dated October 25 and October 27, 2026.

Key Highlights

  • RSU conversions: Gaylor acquired a total of 1,667 shares of common stock (278 + 278 + 1,111) through three separate RSU vesting events coded "M" across the two transaction dates.
  • Tax withholding shares: The company withheld a total of 457 shares (77 + 76 + 304) for payroll tax obligations; these withholdings are not sales by the reporting person, according to the filing.
  • Withholding prices: The closing stock price used for the October 25, 2026 withholdings was $5.75 per share; the price used for the October 27, 2026 withholding was $5.90 per share.
  • Resulting ownership: Following all reported transactions, Gaylor directly beneficially owned 251,663 shares of common stock.
  • Remaining RSUs: After the vesting events, Gaylor held 4,446, 6,390, and 34,446 restricted stock units remaining under three separate RSU grant schedules, per the filing.
  • Vesting schedule: All three RSU grants vest in equal monthly installments over 36 months, subject to continuous employment, with start dates of March 25, 2025, October 25, 2025, and June 27, 2026, respectively.

Crexendo COO Gaylor Reports RSU Vesting and Tax Withholding Events in October 2026

According to the Form 4 filed with the SEC on October 27, 2026, Douglas Walter Gaylor, serving as Chief Operating Officer of Crexendo, Inc. (NASDAQ:CXDO), reported a series of transactions involving restricted stock units on October 25 and October 27, 2026. Each RSU, per the filing, "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, acquired at $0 per RSU. In connection with these vestings, the company withheld 77 shares and 76 shares, respectively, for payment of associated payroll taxes, using the closing stock price of $5.75. The filing states that these withholding transactions "do not represent a sale by the reporting person." On October 27, 2026, a third RSU grant vested 1,111 shares at $0, and the company withheld 304 shares for taxes at the closing price of $5.90, again described in the filing as not representing a sale.

Following all six reported transactions, Gaylor's direct beneficial ownership of Crexendo common stock stood at 251,663 shares, according to the filing. The remaining unvested RSU balances after these events were reported as 4,446, 6,390, and 34,446 units under the three respective grants. All three grants vest in equal monthly installments over 36 months subject to continuous employment, with shares delivered upon vesting.

What Was Disclosed

The filing reported three RSU vesting events for Crexendo's COO on October 25 and 27, 2026, totaling 1,667 shares acquired and 457 shares withheld by the company for payroll taxes, leaving Gaylor with direct ownership of 251,663 shares.