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

Role
Chief Operating Officer
Signature
/s/Douglas Walter Gaylor
Issuer symbol
CXDO
Transactions as of
29 Feb 2024
Net transactions value
-$50,100
Form type
4
Filing time
29 Feb 2024, 20:52:18 UTC
Previous filing
29 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 $27,300 +17,500 +8.6% $1.56 222,057 29 Feb 2024 Direct
transaction CXDO Common Stock Tax liability $50,100 -9,027 -4.1% $5.55 213,030 29 Feb 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 $27,300 -17,500 -100% $1.56 0 29 Feb 2024 Common Stock 17,500 $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.