Ron Vincent - 05 Sep 2024 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role: Chief Financial Officer
Signature: /s/Ron Vincent
Issuer symbol: CXDO
Transactions as of: 05 Sep 2024
Net transactions value: -$5,267
Form type: 4
Filing time: 09 Sep 2024, 17:20:45 UTC
Previous filing: 06 Jun 2024
Next filing: 09 Dec 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	$0	+4,167	+2.8%	$0.000000	155,311	05 Sep 2024	Direct	F1
transaction	CXDO	Common Stock	Tax liability	$5,267	-1,140	-0.73%	$4.62	154,171	05 Sep 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	-4,167	-9.1%	$0.000000	41,667	05 Sep 2024	Common Stock	4,167	$0.000000	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 1,140 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.