G. Korn - Feb 29, 2024 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role: Chief Executive Officer
Signature: /s/ Jeffery G. Korn
Stock symbol: CXDO
Transactions as of: Feb 29, 2024
Transactions value $: -$13,720
Form type: 4
Date filed: 2/29/2024, 07:02 PM
Previous filing: Nov 13, 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	$7.8K	+5K	+2.18%	$1.56	235K	Feb 29, 2024	Direct
transaction	CXDO	Common Stock	Tax liability	-$13.7K	-2.47K	-1.05%	$5.55	232K	Feb 29, 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	-$7.8K	-5K	-100%	$1.56	0	Feb 29, 2024	Common Stock	5K	$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 2,528 shares of common stock on net exercise of option to purchase 5,000 shares of common stock. The Company withheld 2,472 shares of common stock underlying the option for payment of the exercise price and associated taxes, using the closing stock price on February 29, 2024 of $5.55, This transaction does not represent a sale by the reporting person.

Content

Represents a "net exercise" of outstanding stock options. The reporting person received 2,528 shares of common stock on net exercise of option to purchase 5,000 shares of common stock. The Company withheld 2,472 shares of common stock underlying the option for payment of the exercise price and associated taxes, using the closing stock price on February 29, 2024 of $5.55, This transaction does not represent a sale by the reporting person.