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

Role
Director
Signature
/s/Todd Goergen
Issuer symbol
CXDO
Transactions as of
21 Feb 2024
Net transactions value
-$44,905
Form type
4
Filing time
22 Feb 2024, 19:00:08 UTC
Previous filing
16 Mar 2023
Next filing
07 Mar 2024
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 $15,600 +10,000 +4.6% $1.56 226,223 21 Feb 2024 Direct
transaction CXDO Common Stock Tax liability $15,601 -2,622 -1.2% $5.95 223,601 21 Feb 2024 Direct F1
transaction CXDO Common Stock Options Exercise $29,300 +10,000 +4.5% $2.93 233,601 21 Feb 2024 Direct
transaction CXDO Common Stock Tax liability $29,304 -4,925 -2.1% $5.95 228,676 21 Feb 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 $15,600 -10,000 -100% $1.56 0 21 Feb 2024 Common Stock 10,000 $1.56 Direct
transaction CXDO Non-Qualified Stock Options Options Exercise $29,300 -10,000 -100% $2.93 0 21 Feb 2024 Common Stock 10,000 $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.