Todd Goergen - Feb 21, 2024 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role
Director
Signature
/s/Todd Goergen
Stock symbol
CXDO
Transactions as of
Feb 21, 2024
Transactions value $
-$44,905
Form type
4
Date filed
2/22/2024, 07:00 PM
Previous filing
Mar 16, 2023
Next filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXDO Common Stock Options Exercise $15.6K +10K +4.62% $1.56 226K Feb 21, 2024 Direct
transaction CXDO Common Stock Tax liability -$15.6K -2.62K -1.16% $5.95 224K Feb 21, 2024 Direct F1
transaction CXDO Common Stock Options Exercise $29.3K +10K +4.47% $2.93 234K Feb 21, 2024 Direct
transaction CXDO Common Stock Tax liability -$29.3K -4.93K -2.11% $5.95 229K Feb 21, 2024 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 Non-Qualified Stock Options Options Exercise -$15.6K -10K -100% $1.56 0 Feb 21, 2024 Common Stock 10K $1.56 Direct
transaction CXDO Non-Qualified Stock Options Options Exercise -$29.3K -10K -100% $2.93 0 Feb 21, 2024 Common Stock 10K $2.93 Direct F3
* 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 7,378 shares of common stock on net exercise of option to purchase 10,000 shares of common stock. The Company withheld 2,622 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on February 21, 2024 of $5.95, This transaction does not represent a sale by the reporting person.
F2 Represents a "net exercise" of outstanding stock options. The reporting person received 5,075 shares of common stock on net exercise of option to purchase 10,000 shares of common stock. The Company withheld 4,925 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on February 21, 2024 of $5.95, This transaction does not represent a sale by the reporting person.
F3 The options vested over 12 equal monthly installments beginning on 4/9/2018.