G. Korn - Jun 5, 2024 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role
Chief Executive Officer
Signature
/s/ Jeffery G. Korn
Stock symbol
CXDO
Transactions as of
Jun 5, 2024
Transactions value $
-$3,959
Form type
4
Date filed
6/6/2024, 07:46 PM
Previous filing
Mar 7, 2024
Next filing
Sep 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXDO Common Stock Options Exercise $0 +5K +2.15% $0.00 237K Jun 5, 2024 Direct F1
transaction CXDO Common Stock Tax liability -$3.96K -1.22K -0.51% $3.25 236K Jun 5, 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 Restricted Stock Units Options Exercise $0 -5K -8.33% $0.00 55K Jun 5, 2024 Common Stock 5K $0.00 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
F2 The Company withheld 1,218 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 5, 2024 of $3.25. This transaction does not represent a sale by the reporting person.
F3 The RSUs vest in equal quarterly installments over 12 quarters starting on June 5, 2024 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.