Anil Puri - Nov 18, 2022 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role
Director
Signature
/s/ Anil Puri
Stock symbol
CXDO
Transactions as of
Nov 18, 2022
Transactions value $
-$16,651
Form type
4
Date filed
11/23/2022, 10:39 AM
Previous filing
Oct 26, 2022
Next filing
Dec 30, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXDO Common Stock Options Exercise $16.7K +15K +105.58% $1.11 29.2K Nov 18, 2022 Direct
transaction CXDO Common Stock Tax liability -$16.7K -7.93K -27.15% $2.10 21.3K Nov 18, 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 -$16.7K -15K -100% $1.11 0 Nov 18, 2022 Common Stock 15K $1.11 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a "net exercise" of outstanding stock options. The reporting person received 7,071 shares of common stock on net exercise of option to purchase 15,000 shares of common stock. The Company withheld 7,929 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on November 18 of $2.10, This transaction does not represent a sale by the reporting person.