Steven G. Mihaylo - 28 Dec 2022 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/Steven G Mihaylo
Issuer symbol
CXDO
Transactions as of
28 Dec 2022
Net transactions value
-$13,847
Form type
4
Filing time
30 Dec 2022, 17:46:49 UTC
Previous filing
16 Dec 2022
Next filing
16 Mar 2023
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 +25,000 +0.22% $0.000000 11,201,601 28 Dec 2022 Direct F1
transaction CXDO Common Stock Tax liability $13,847 -8,004 -0.07% $1.73 11,193,597 28 Dec 2022 Direct 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 Restricted Stock Units Award $0 +25,000 $0.000000 25,000 28 Dec 2022 Common Stock 25,000 $0.000000 Direct F1, F3
transaction CXDO Restricted Stock Units Options Exercise $0 -25,000 -100% $0.000000* 0 28 Dec 2022 Common Stock 25,000 $0.000000 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
F2 The Company withheld 8,004 shares of common stock for payment of the associated payroll taxes, using the closing stock price on December 28, 2022 of $1.73. This transaction does not represent a sale by the reporting person.
F3 The RSUs are 100% vested and shares will be delivered immediately.