Ron Vincent - Mar 17, 2023 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role
Chief Financial Officer
Signature
/s/Ron Vincent
Stock symbol
CXDO
Transactions as of
Mar 17, 2023
Transactions value $
-$12,537
Form type
4
Date filed
3/21/2023, 08:08 PM
Previous filing
Mar 16, 2023
Next filing
Feb 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXDO Common Stock Options Exercise $0 +23.8K +19.97% $0.00 143K Mar 17, 2023 Direct F1
transaction CXDO Common Stock Tax liability -$12.5K -6.5K -4.55% $1.93 136K Mar 17, 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 Options Exercise $0 -23.8K $0.00 $0 Mar 17, 2023 Common Stock 23.8K $0.00 Direct 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 6,496 shares of common stock for payment of the associated payroll taxes, using the closing stock price on March 17, 2023 of $1.93. This transaction does not represent a sale by the reporting person.
F3 The RSUs vested 50% immediately on the grant date (3/17/2022) and 50% in 12 months (3/17/2023), subject to continuous employment. Shares will be delivered upon vesting.