Todd Goergen - Feb 16, 2022 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role: Director
Signature: /s/Todd Goergen
Stock symbol: CXDO
Transactions as of: Feb 16, 2022
Transactions value $: -$40,802
Form type: 4
Date filed: 2/17/2022, 07:35 PM
Previous filing: Jan 5, 2022
Next filing: Mar 22, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CXDO	Common Stock	Options Exercise	$40.8K	+10K	+2.62%	$4.08	391K	Feb 16, 2022	Direct
transaction	CXDO	Common Stock	Tax liability	-$40.8K	-9.62K	-2.46%	$4.24	381K	Feb 16, 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	-$40.8K	-10K	-100%	$4.08	0	Feb 16, 2022	Common Stock	10K	$4.08	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 377 shares of common stock on net exercise of option to purchase 10,000 shares of common stock. The Company withheld 9,623 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on February 16 of $4.24, This transaction does not represent a sale by the reporting person.

Content

Represents a "net exercise" of outstanding stock options. The reporting person received 377 shares of common stock on net exercise of option to purchase 10,000 shares of common stock. The Company withheld 9,623 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on February 16 of $4.24, This transaction does not represent a sale by the reporting person.