Douglas Walter Gaylor - 30 Dec 2022 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role
Chief Operating Officer
Signature
/s/Douglas Walter Gaylor
Issuer symbol
CXDO
Transactions as of
30 Dec 2022
Net transactions value
-$60,101
Form type
4
Filing time
03 Jan 2023, 10:09:04 UTC
Previous filing
30 Dec 2022
Next filing
13 Jan 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 $49,950 +45,000 +36% $1.11 168,541 30 Dec 2022 Direct
transaction CXDO Common Stock Tax liability $60,101 -31,632 -19% $1.90 136,909 30 Dec 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 Stock Options (right to buy) Options Exercise $49,950 -45,000 -100% $1.11 0 30 Dec 2022 Common Stock 45,000 $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 13,368 shares of common stock on net exercise of option to purchase 45,000 shares of common stock. The Company withheld 31,632 shares of common stock underlying the option for payment of the exercise price and associated taxes, using the closing stock price on December 30, 2022 of $1.90, This transaction does not represent a sale by the reporting person.