CXDO insider ownership: who sold, why, and what they still hold

What stands out

Two insiders sold $19.7M with no disclosed plan: Steven Mihaylo ($18.0M) and Ron Vincent ($1.6M). The filings don't state a reason.Steven Mihaylo: largest such sale, Jun 1, 2026 · Ron Vincent: largest such sale, Jun 1, 2026

A share of stake is shown for 0 of the 8 officers and directors who sold. 14 are left out

Left out: Steven Mihaylo, Anand Buch, David Wang, Jeffrey Korn, Douglas Gaylor, Todd Goergen, Ron Vincent, Jon Brinton, Anil Puri, David Williams, Christopher Aaker, Kevin Jackson, Chris McKee and Jasmine Kim (share of stake is being verified).

Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Steven Mihaylo

Director

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$18.0MNo plan disclosed

Ron Vincent

Chief Financial Officer

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$2.4M32% planned 68% no plan disclosed

Douglas Gaylor

Chief Operating Officer

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$1.4M36% planned 64% no plan disclosed

Jeffrey Korn

Chief Executive Officer

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$1.1M35% planned 65% no plan disclosed

David Wang

Chief Technology Officer

Not confirmed

Share of stake not shown: share of stake is being verified. Why

$928KNo plan disclosed

All 8 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planNo plan disclosedOne dollar scale for every month; the tallest bar is labeled

Recent activity

Past 30 days, Sep 17, 2026 to Oct 16, 2026

Oct 4, 20263 executives had 263 shares ($2K) withheld by the company for taxes (not a market sale). 834 shares came in from vesting or option exercises the same day, so their combined holdings rose by 571 net.

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Ron Vincent Chief Financial Officer	118	$5.92	n/a	n/a	Oct 4, 2026	Oct 6, 2026
Douglas Gaylor Chief Operating Officer	77	$5.92	n/a	n/a	Oct 4, 2026	Oct 6, 2026
Jeffrey Korn Chief Executive Officer	68	$5.92	n/a	n/a	Oct 4, 2026	Oct 6, 2026

Sep 27, 20263 executives had 1K shares ($6K) withheld by the company for taxes (not a market sale). 3.3K shares came in from vesting or option exercises the same day, so their combined holdings rose by 2.3K net.

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Ron Vincent Chief Financial Officer	471	$6.09	n/a	n/a	Sep 27, 2026	Sep 29, 2026
Douglas Gaylor Chief Operating Officer	304	$6.09	n/a	n/a	Sep 27, 2026	Sep 29, 2026
Jeffrey Korn Chief Executive Officer	271	$6.09	n/a	n/a	Sep 27, 2026	Sep 29, 2026

Sep 25, 20263 executives had 525 shares ($3K) withheld by the company for taxes (not a market sale). 1.7K shares came in from vesting or option exercises the same day, so their combined holdings rose by 1.1K net.

Who	Shares	Price	% of total stake	Total stake after	Trade date	Filed
Ron Vincent Chief Financial Officer	236	$6.09	n/a	n/a	Sep 25, 2026	Sep 29, 2026
Douglas Gaylor Chief Operating Officer	153	$6.09	n/a	n/a	Sep 25, 2026	Sep 29, 2026
Jeffrey Korn Chief Executive Officer	136	$6.09	n/a	n/a	Sep 25, 2026	Sep 29, 2026

"% of total stake" is the shares in an event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings are not confirmed, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Common questions

Is the Crexendo, Inc. CEO selling stock?

Yes. Jeffrey Korn sold 125K shares ($1.1M) in the past 12 months, 35% of it under a trading plan disclosed in the filings.

Why are Crexendo, Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 9% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 91% had no disclosed plan. A trading plan schedules sales in advance.

Are any Crexendo, Inc. insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold8 officers and directors: amount, % of holdings, trading plan

Who sold	Amount	% of holdings	Trading plan
Steven Mihaylo Director	$18.0M 1.76M shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Ron Vincent Chief Financial Officer	$2.4M 255K shares	Not confirmed share of stake is being verified. Why	32% under a disclosed plan 68% no plan disclosed
Douglas Gaylor Chief Operating Officer	$1.4M 150K shares	Not confirmed share of stake is being verified. Why	36% under a disclosed plan 64% no plan disclosed
Jeffrey Korn Chief Executive Officer	$1.1M 125K shares	Not confirmed share of stake is being verified. Why	35% under a disclosed plan 65% no plan disclosed
David Wang Chief Technology Officer	$928K 120K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Anand Buch Chief Strategy Officer	$817K 122K shares	Not confirmed share of stake is being verified. Why	No plan disclosed
Jon Brinton Chief Revenue Officer	$551K 55K shares	Not confirmed share of stake is being verified. Why	Disclosed plan
Anil Puri Director	$32K 3.4K shares	Not confirmed share of stake is being verified. Why	No plan disclosed

The full ownership picture0 of 14 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

Insider

Held Oct 16, 2025

Sold

Held Oct 16, 2026

Still held

Steven Mihaylo

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Steven Mihaylo are complete.

Director

n/a

−1.76M

n/a

Vesting, gifts, unvested awards and holding lines for Steven Mihaylo

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Steven Mihaylo are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−4.2Kwithheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
15,000	$5.36	Mar 5, 2034	$17K
10,000	$5.77	Mar 4, 2035	$7K
10,000	$6.47	Mar 4, 2036	$300

Estimate: options held × ($6.50 − strike price), using the most recent insider trade price on Form 4 (Aug 27, 2026), not a market close.

Anand Buch

Chief Strategy Officer

n/a

−122K

n/a

Vesting, gifts, unvested awards and holding lines for Anand Buch

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Anand Buch are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−5.7Kwithheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
1,006,513	$0.91	Mar 11, 2026	$5.6M
998,812	$0.91	Mar 11, 2026	$5.6M
534,121	$0.91	Mar 11, 2026	$3.0M
10,000	$6.47	Mar 4, 2036	$300

Estimate: options held × ($6.50 − strike price), using the most recent insider trade price on Form 4 (Aug 27, 2026), not a market close.

David Wang

Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for David Wang are complete.

Chief Technology Officer

n/a

−120K

n/a

Vesting, gifts, unvested awards and holding lines for David Wang

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Wang are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−6.9Kwithheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
627,286	$0.91	Mar 11, 2026	$3.5M
412,049	$0.91	Mar 11, 2026	$2.3M

Estimate: options held × ($6.50 − strike price), using the most recent insider trade price on Form 4 (Aug 27, 2026), not a market close.

Jeffrey Korn

Chief Executive Officer

n/a

−125K

n/a

Vesting, gifts, unvested awards and holding lines for Jeffrey Korn

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jeffrey Korn are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−16Kwithheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
5,000	$1.56	Mar 7, 2024	$25K

Estimate: options held × ($6.50 − strike price), using the most recent insider trade price on Form 4 (Aug 27, 2026), not a market close.

Douglas Gaylor

Chief Operating Officer

n/a

−150K

n/a

Vesting, gifts, unvested awards and holding lines for Douglas Gaylor

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Douglas Gaylor are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−17Kwithheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
15,000	$2.93	Mar 9, 2025	$54K
10,000	$2.93	Mar 9, 2025	$36K
4,000	$2.25	Feb 12, 2026	$17K
19,000	$2.72	Oct 24, 2032	$72K

Estimate: options held × ($6.50 − strike price), using the most recent insider trade price on Form 4 (Aug 27, 2026), not a market close.

Todd Goergen

Director

n/a

Vesting, gifts, unvested awards and holding lines for Todd Goergen

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Todd Goergen are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
15,000	$5.36	Mar 5, 2034	$17K
10,000	$5.77	Mar 4, 2035	$7K
10,000	$6.47	Mar 4, 2036	$300

Estimate: options held × ($6.50 − strike price), using the most recent insider trade price on Form 4 (Aug 27, 2026), not a market close.

Ron Vincent

Chief Financial Officer

n/a

−255K

n/a

Vesting, gifts, unvested awards and holding lines for Ron Vincent

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ron Vincent are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−20Kwithheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
2,090	$2.72	Oct 24, 2032	$8K

Estimate: options held × ($6.50 − strike price), using the most recent insider trade price on Form 4 (Aug 27, 2026), not a market close.

Jon Brinton

Chief Revenue Officer

n/a

−55K

n/a

Vesting, gifts, unvested awards and holding lines for Jon Brinton

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jon Brinton are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−8.1Kwithheld by the company for taxes

Anil Puri

Director

n/a

−3.4K

n/a

Vesting, gifts, unvested awards and holding lines for Anil Puri

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Anil Puri are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−3.3Kwithheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
10,000	$1.73	Dec 28, 2032	$48K
15,000	$5.36	Mar 5, 2034	$17K
10,000	$5.77	Mar 4, 2035	$7K
10,000	$2.93	Mar 9, 2025	$36K
10,000	$6.47	Mar 4, 2036	$300

Estimate: options held × ($6.50 − strike price), using the most recent insider trade price on Form 4 (Aug 27, 2026), not a market close.

David Williams

Director

n/a

Vesting, gifts, unvested awards and holding lines for David Williams

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Williams are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−3Kwithheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
15,000	$5.36	Mar 5, 2034	$17K
10,000	$5.77	Mar 4, 2035	$7K
10,000	$2.93	Mar 9, 2025	$36K
10,000	$6.47	Mar 4, 2036	$300

Estimate: options held × ($6.50 − strike price), using the most recent insider trade price on Form 4 (Aug 27, 2026), not a market close.

Christopher Aaker

Chief Technology Officer

n/a

Vesting, gifts, unvested awards and holding lines for Christopher Aaker

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Christopher Aaker are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

−1.9Kwithheld by the company for taxes

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
10,000	$2.72	Oct 24, 2032	$38K
20,000	$1.88	Mar 14, 2033	$92K

Estimate: options held × ($6.50 − strike price), using the most recent insider trade price on Form 4 (Aug 27, 2026), not a market close.

Kevin Jackson

Director

n/a

Vesting, gifts, unvested awards and holding lines for Kevin Jackson

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Kevin Jackson are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
15,000	$5.36	Mar 5, 2034	$17K
10,000	$5.77	Mar 4, 2035	$7K
10,000	$6.47	Mar 4, 2036	$300

Estimate: options held × ($6.50 − strike price), using the most recent insider trade price on Form 4 (Aug 27, 2026), not a market close.

Chris McKee

Director

n/a

Vesting, gifts, unvested awards and holding lines for Chris McKee

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Chris McKee are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
10,000	$6.47	Mar 4, 2036	$300

Estimate: options held × ($6.50 − strike price), using the most recent insider trade price on Form 4 (Aug 27, 2026), not a market close.

Jasmine Kim

Director

n/a

Vesting, gifts, unvested awards and holding lines for Jasmine Kim

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jasmine Kim are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options held	Strike price	Expires	Intrinsic value (estimate)
15,000	$5.36	Mar 5, 2034	$17K
10,000	$5.77	Mar 4, 2035	$7K
10,000	$6.47	Mar 5, 2026	$300

Estimate: options held × ($6.50 − strike price), using the most recent insider trade price on Form 4 (Aug 27, 2026), not a market close.

Holdings and share of stake for Crexendo, Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$25.3M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $25.3M across 2,594,576 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

Disclosed plan · $2.2M · 9%

91%

The lighter segment is sales with no plan disclosed in the filing ($23.1M), including tax-related sales outside a plan.

No plan disclosed · $23.1M

Sales with no 10b5-1 plan and no tax reference in the filing. $18.0M of it is Steven Mihaylo. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Steven Mihaylo, Jun 1, 2026

Taxes

86,508 shares ($602K) were withheld by the company for taxes, which isn't a market sale.

Seller	Shares sold	Proceeds	Under a disclosed plan	Share of total	Sales dates
Steven Mihaylo Director	1.76M	$18.0M	0%	71%	Mar 6, 2026 to Jun 2, 2026
Ron Vincent Chief Financial Officer	255K	$2.4M	32%	9%	Nov 5, 2025 to Jun 1, 2026
Douglas Gaylor Chief Operating Officer	150K	$1.4M	36%	6%	Nov 10, 2025 to Jun 2, 2026
Jeffrey Korn Chief Executive Officer	125K	$1.1M	35%	5%	Nov 5, 2025 to May 28, 2026
David Wang Chief Technology Officer	120K	$928K	0%	4%	Mar 9, 2026 to Aug 27, 2026
Anand Buch Chief Strategy Officer	122K	$817K	0%	3%	Mar 10, 2026 to Mar 13, 2026
Jon Brinton Chief Revenue Officer	55K	$551K	100%	2%	May 6, 2026 to Jun 1, 2026
Anil Puri Director	3.4K	$32K	0%	0.1%	May 18, 2026 to May 18, 2026

Sales by month

Month	Sale proceeds	Disclosed plan	To cover taxes	No plan disclosed
Oct 2025	$0	$0	$0	$0
Nov 2025	$470K	$470K	$0	$0
Dec 2025	$0	$0	$0	$0
Jan 2026	$8K	$8K	$0	$0
Feb 2026	$0	$0	$0	$0
Mar 2026	$1.4M	$0	$0	$1.4M
Apr 2026	$0	$0	$0	$0
May 2026	$4.1M	$1.5M	$0	$2.6M
Jun 2026	$19.2M	$214K	$0	$19.0M
Jul 2026	$0	$0	$0	$0
Aug 2026	$163K	$0	$0	$163K
Sep 2026	$0	$0	$0	$0
Oct 2026	$0	$0	$0	$0

Is this normal? Selling year by year5 earlier years to compare with

More than usual: $25.3M sold, after almost none in the past 5 years. 8 insiders sold; the average is 2 a year.

12 months ending	Shares sold	Insiders who sold	Proceeds
Oct 16, 2026 Latest 12 months	2.59M	8	$25.3M
Oct 16, 2025 1 year earlier	1.81M	5	$9.3M
Oct 16, 2024 2 years earlier	223K	2	$1.1M
Oct 17, 2023 3 years earlier	177K	1	$367K
Oct 17, 2022 4 years earlier	122K	1	$463K
Oct 17, 2021 5 years earlier	4K	1	$22K

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty14 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Crexendo, Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,375 filings on record, 114 filed in the 12-month period, and how we read them

All 1,375 Forms 3, 4 and 5 on record for Crexendo, Inc. (SEC CIK 1075736), filed from Mar 9, 2000 to Oct 6, 2026; 114 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 16, 2026. Prices are the ones reported in each filing, often weighted averages. 63 older filings exist only on paper and could not be read.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (15)No filing in 18 months; last reported balances, not in any total

Name	Last filed	Last reported balance
Jeffrey Bash	Mar 11, 2025	343,963 shares, last reported balance as of Mar 7, 2025
Satish Bhagavatula	Jan 7, 2015	231,500 shares, last reported balance as of Jan 5, 2015
Robert Kamm	Mar 25, 2013	10,000 shares, last reported balance as of Mar 18, 2013
David Krietzberg	Mar 25, 2013	25,000 shares, last reported balance as of Mar 18, 2013
Jonathan Erickson	Jun 12, 2012	3,336 shares, last reported balance as of Jun 12, 2012
Craig Rauchle	Mar 5, 2012	10,000 shares, last reported balance as of Mar 1, 2012
David Rosenvall	May 19, 2011	25,000 shares, last reported balance as of May 17, 2011
Clint Sanderson	May 19, 2011	50,000 shares, last reported balance as of May 17, 2011
Brandon Lewis	Apr 27, 2009	380,476 shares, last reported balance as of Apr 22, 2009
Robert Lewis	Sep 24, 2008	36,081 shares, last reported balance as of Sep 19, 2008
Donald Danks	Feb 20, 2007	578,771 shares, last reported balance as of Feb 20, 2007
Peter Fredericks	Jan 10, 2007	47,400 shares, last reported balance as of Jan 8, 2007
Thomas Scheiner	Nov 14, 2006	No balance on record
David Wise	Jul 6, 2006	49,176 shares, last reported balance as of Feb 9, 2005
Gary Gladstein	Aug 15, 2005	29,500 shares, last reported balance as of Aug 12, 2003

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.

Crexendo, Inc. insiders sold $25.3M in the past 12 months. How much of their stake is that?

What stands out

Who sold, and how much of their stake

Selling by month

Recent activity

Common questions

Is the Crexendo, Inc. CEO selling stock?

Why are Crexendo, Inc. insiders selling?

Are any Crexendo, Inc. insiders buying?

The evidence

No plan disclosed · $23.1M

Taxes

Sales by month