Douglas Walter Gaylor - Feb 29, 2024 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role: Chief Operating Officer
Signature: /s/Douglas Walter Gaylor
Stock symbol: CXDO
Transactions as of: Feb 29, 2024
Transactions value $: -$50,100
Form type: 4
Date filed: 2/29/2024, 08:52 PM
Previous filing: Mar 29, 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	$27.3K	+17.5K	+8.56%	$1.56	222K	Feb 29, 2024	Direct
transaction	CXDO	Common Stock	Tax liability	-$50.1K	-9.03K	-4.07%	$5.55	213K	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	-$27.3K	-17.5K	-100%	$1.56	0	Feb 29, 2024	Common Stock	17.5K	$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 8,473 shares of common stock on net exercise of option to purchase 17,500 shares of common stock. The Company withheld 9,027 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 8,473 shares of common stock on net exercise of option to purchase 17,500 shares of common stock. The Company withheld 9,027 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.