G. Korn - Mar 14, 2023 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role
Chief Executive Officer
Signature
/s/ Jeffery G. Korn
Stock symbol
CXDO
Transactions as of
Mar 14, 2023
Transactions value $
-$26,610
Form type
4
Date filed
3/16/2023, 08:25 PM
Next filing
Mar 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXDO Common Stock Options Exercise $0 +50K +37.3% $0.00 184K Mar 14, 2023 Direct F1
transaction CXDO Common Stock Tax liability -$26.6K -14.2K -7.69% $1.88 170K Mar 14, 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 +50K $0.00 50K Mar 14, 2023 Common Stock 50K $0.00 Direct F1, F3
transaction CXDO Restricted Stock Units Options Exercise $0 -50K -100% $0.00* 0 Mar 14, 2023 Common Stock 50K $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 14,154 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.