Ron Vincent - Feb 28, 2024 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role: Chief Financial Officer
Signature: /s/Ron Vincent
Stock symbol: CXDO
Transactions as of: Feb 28, 2024
Transactions value $: -$70,187
Form type: 4
Date filed: 2/29/2024, 06:19 PM
Previous filing: Mar 21, 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	$39K	+25K	+18.36%	$1.56	161K	Feb 28, 2024	Direct
transaction	CXDO	Common Stock	Tax liability	-$70.2K	-13K	-8.09%	$5.38	148K	Feb 28, 2024	Direct	F1

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	-$39K	-25K	-100%	$1.56	0	Feb 28, 2024	Common Stock	25K	$1.56	Direct

* 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 11,954 shares of common stock on net exercise of option to purchase 25,000 shares of common stock. The Company withheld 13,046 shares of common stock underlying the option for payment of the exercise price and associated taxes, using the closing stock price on February 28, 2024 of $5.38, This transaction does not represent a sale by the reporting person.

Content

Represents a "net exercise" of outstanding stock options. The reporting person received 11,954 shares of common stock on net exercise of option to purchase 25,000 shares of common stock. The Company withheld 13,046 shares of common stock underlying the option for payment of the exercise price and associated taxes, using the closing stock price on February 28, 2024 of $5.38, This transaction does not represent a sale by the reporting person.