David Tzat-kin Wang - Sep 5, 2024 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role: Chief Technology Officer
Signature: /s/ David Tzat-kin Wang
Stock symbol: CXDO
Transactions as of: Sep 5, 2024
Transactions value $: -$4,809
Form type: 4
Date filed: 9/9/2024, 02:56 PM
Previous filing: Aug 30, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CXDO	Common Stock	Options Exercise	$0	+2.92K	+0.66%	$0.00	442K	Sep 5, 2024	Direct	F1
transaction	CXDO	Common Stock	Tax liability	-$4.81K	-1.04K	-0.24%	$4.62	441K	Sep 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	-2.92K	-9.09%	$0.00	29.2K	Sep 5, 2024	Common Stock	2.92K	$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 1,041 shares of common stock for payment of the associated payroll taxes, using the closing stock price on September 5, 2024 of $4.62. 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.