Crexendo CEO Jeffrey Korn Exercises and Sells Stock Options

This Form 4 filing reports that Jeffrey G. Korn, CEO of Crexendo, Inc. (CXDO), exercised and sold stock options in May 2026. On May 27, Korn exercised 8,500 non-qualified stock options at $6.26 per share and immediately sold the acquired shares at a weighted average price of $9.94 per share. The following day, he exercised the remaining 27,000 options at the same $6.26 exercise price and sold those shares at $9.94 per share. After these transactions, Korn no longer holds any of the stock options that were originally granted on November 21, 2020 with an expiration date of October 21, 2027. His direct holdings of Crexendo common stock decreased from 236,026 shares to 209,026 shares following the sales. The transactions represent a typical executive stock option exercise and sale, with Korn realizing gains by selling shares at prices significantly above the exercise price.