Todd Goergen - Jan 4, 2022 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role: Director
Signature: /s/Todd Goergen
Stock symbol: CXDO
Transactions as of: Jan 4, 2022
Transactions value $: -$37,001
Form type: 4
Date filed: 1/5/2022, 04:49 PM
Previous filing: Nov 12, 2021
Next filing: Feb 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CXDO	Common Stock	Options Exercise	$37K	+20K	+5.43%	$1.85	389K	Jan 4, 2022	Direct
transaction	CXDO	Common Stock	Tax liability	-$37K	-7.48K	-1.92%	$4.95	381K	Jan 4, 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	-$37K	-20K	-100%	$1.85	0	Jan 4, 2022	Common Stock	20K	$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 12,525 shares of common stock on net exercise of option to purchase 20,000 shares of common stock. The Company withheld 7,475 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 12,525 shares of common stock on net exercise of option to purchase 20,000 shares of common stock. The Company withheld 7,475 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.