David Tzat-Kin Wang - 18 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: 18 May 2022
Net transactions value: -$12,095
Form type: 4
Filing time: 25 May 2022, 20:01:00 UTC
Previous filing: 12 May 2022
Next filing: 26 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	18 May 2022	Direct
transaction	CXDO	Common Stock	Sale	$12,095	-4,000	-0.94%	$3.02	422,597	18 May 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	$3,640	-4,000	-0.47%	$0.9100	848,453	18 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	The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.97 to $3.09. Details can be provided upon request.