David R. Williams - 04 Jan 2022 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role: Director
Signature: /s/David R. Williams
Issuer symbol: CXDO
Transactions as of: 04 Jan 2022
Net transactions value: -$9,252
Form type: 4
Filing time: 05 Jan 2022, 16:08:20 UTC
Previous filing: 12 Nov 2021
Next filing: 24 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CXDO	Common Stock	Options Exercise	$9,250	+5,000	+20%	$1.85	29,674	04 Jan 2022	Direct
transaction	CXDO	Common Stock	Tax liability	$9,252	-1,869	-6.3%	$4.95	27,805	04 Jan 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CXDO	Non-Qualified Stock Options	Options Exercise	$9,250	-5,000	-100%	$1.85	0	04 Jan 2022	Common Stock	5,000	$1.85	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a "net exercise" of outstanding stock options. The reporting person received 3,131 shares of common stock on net exercise of option to purchase 5,000 shares of common stock. The Company withheld 1,869 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on January 4, 2022 of $4.95, This transaction does not represent a sale by the reporting person.

Content

Represents a "net exercise" of outstanding stock options. The reporting person received 3,131 shares of common stock on net exercise of option to purchase 5,000 shares of common stock. The Company withheld 1,869 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on January 4, 2022 of $4.95, This transaction does not represent a sale by the reporting person.