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

Role
Chief Financial Officer
Signature
/s/Ron Vincent
Stock symbol
CXDO
Transactions as of
Oct 17, 2022
Transactions value $
-$6,512
Form type
4
Date filed
10/19/2022, 04:14 PM
Previous filing
Oct 14, 2022
Next filing
Oct 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXDO Common Stock Options Exercise $0 +10K +23.02% $0.00 53.4K Oct 17, 2022 Direct
transaction CXDO Common Stock Tax liability -$6.51K -2.8K -5.23% $2.33 50.6K Oct 17, 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 +10K $0.00 10K Oct 17, 2022 Common Stock 10K $0.00 Direct F2, F3
transaction CXDO Restricted Stock Units (RSU) Options Exercise $0 -10K -100% $0.00* 0 Oct 17, 2022 Common Stock 10K $0.00 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.