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

Role
Chief Strategy Officer
Signature
/s/ Anand Buch
Stock symbol
CXDO
Transactions as of
Jun 5, 2024
Transactions value $
-$4,644
Form type
4
Date filed
6/6/2024, 07:48 PM
Previous filing
Mar 12, 2024
Next filing
Jun 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXDO Common Stock Options Exercise $0 +4.17K +0.76% $0.00 550K Jun 5, 2024 Direct F1
transaction CXDO Common Stock Tax liability -$4.64K -1.43K -0.26% $3.25 548K 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 -4.17K -8.33% $0.00 45.8K Jun 5, 2024 Common Stock 4.17K $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 1,429 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.