David Tzat-Kin Wang - 04 May 2022 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role: Chief Technology Officer
Signature: /s/ David Tzat-kin Wang
Issuer symbol: CXDO
Transactions as of: 04 May 2022
Net transactions value: -$10,920
Form type: 4
Filing time: 06 May 2022, 18:44:32 UTC
Previous filing: 03 May 2022
Next filing: 12 May 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	$3,640	+4,000	+0.95%	$0.9100	426,597	04 May 2022	Direct
transaction	CXDO	Common Stock	Sale	$10,920	-4,000	-0.94%	$2.73	422,597	04 May 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 Options	Options Exercise	$3,640	-4,000	-0.46%	$0.9100	856,453	04 May 2022	Common Stock	4,000	$0.9100	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 $2.70 to $2.81.