Ron Vincent - 17 Oct 2022 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role
Chief Financial Officer
Signature
/s/Ron Vincent
Issuer symbol
CXDO
Transactions as of
17 Oct 2022
Net transactions value
-$6,512
Form type
4
Filing time
19 Oct 2022, 16:14:06 UTC
Previous filing
14 Oct 2022
Next filing
26 Oct 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 $0 +10,000 +23% $0.000000 53,443 17 Oct 2022 Direct
transaction CXDO Common Stock Tax liability $6,512 -2,795 -5.2% $2.33 50,648 17 Oct 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 Restricted Stock Units (RSU) Award $0 +10,000 $0.000000 10,000 17 Oct 2022 Common Stock 10,000 $0.000000 Direct F2, F3
transaction CXDO Restricted Stock Units (RSU) Options Exercise $0 -10,000 -100% $0.000000* 0 17 Oct 2022 Common Stock 10,000 $0.000000 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Company withheld 2,795 shares of common stock for payment of the associated payroll taxes, using the closing stock price on October 17, 2022 of $2.33. This transaction does not represent a sale by the reporting person.
F2 Each RSU represents the right to receive, upon vesting, one share of CXDO common stock.
F3 The RSUs are 100% vested and shares will be delivered immediately.