Jon Brinton - Dec 28, 2022 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role
Chief Revenue Officer
Signature
/s/Jon Brinton
Stock symbol
CXDO
Transactions as of
Dec 28, 2022
Transactions value $
-$11,700
Form type
4
Date filed
12/30/2022, 06:24 PM
Previous filing
Dec 14, 2022
Next filing
Mar 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXDO Common Stock Options Exercise $0 +25K +76.16% $0.00 57.8K Dec 28, 2022 Direct F1
transaction CXDO Common Stock Tax liability -$11.7K -6.76K -11.7% $1.73 51.1K Dec 28, 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 +25K $0.00 25K Dec 28, 2022 Common Stock 25K $0.00 Direct F1, F3
transaction CXDO Restricted Stock Units Options Exercise $0 -25K -100% $0.00* 0 Dec 28, 2022 Common Stock 25K $0.00 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 6,763 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.