Douglas Walter Gaylor - 14 Mar 2023 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role
Chief Operating Officer
Signature
/s/Douglas Walter Gaylor
Issuer symbol
CXDO
Transactions as of
14 Mar 2023
Net transactions value
-$28,850
Form type
4
Filing time
16 Mar 2023, 16:46:40 UTC
Previous filing
13 Mar 2023
Next filing
21 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 +50,000 +34% $0.000000 195,149 14 Mar 2023 Direct F1
transaction CXDO Common Stock Tax liability $28,850 -15,346 -7.9% $1.88 179,803 14 Mar 2023 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 +50,000 $0.000000 50,000 14 Mar 2023 Common Stock 50,000 $0.000000 Direct F1, F3
transaction CXDO Restricted Stock Units Options Exercise $0 -50,000 -100% $0.000000* 0 14 Mar 2023 Common Stock 50,000 $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 15,346 shares of common stock for payment of the associated payroll taxes, using the closing stock price on March 14, 2023 of $1.88. This transaction does not represent a sale by the reporting person.
F3 The RSUs are 100% vested and shares will be delivered immediately.