David Tzat-kin Wang - Mar 16, 2022 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role: Chief Technology Officer
Signature: /s/ David Tzat-kin Wang
Stock symbol: CXDO
Transactions as of: Mar 16, 2022
Transactions value $: -$15,585
Form type: 4
Date filed: 3/17/2022, 06:30 PM
Previous filing: Mar 10, 2022
Next filing: Mar 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CXDO	Common Stock	Options Exercise	$3.64K	+4K	+0.95%	$0.91	427K	Mar 16, 2022	Direct
transaction	CXDO	Common Stock	Sale	-$15.6K	-4K	-0.94%	$3.90	423K	Mar 16, 2022	Direct	F1, F2

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 Option	Options Exercise	-$3.64K	-4K	-0.45%	$0.91	884K	Mar 16, 2022	Common Stock	4K	$0.91	Direct

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

Explanation of Responses:

Id	Content
F1	This sale was made pursuant to a plan intended to comply with Rule 10b5-1(c), previously entered into on November 15, 2021, at which time Mr. Wang was not aware of material nonpublic information.
F2	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.8533 to $4.00.