Douglas Walter Gaylor - Oct 18, 2024 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role
Chief Operating Officer
Signature
/s/Douglas Walter Gaylor
Stock symbol
CXDO
Transactions as of
Oct 18, 2024
Transactions value $
-$180,000
Form type
4
Date filed
10/22/2024, 06:52 PM
Previous filing
Sep 9, 2024
Next filing
Dec 4, 2024

Transactions Table

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 Stock Options Options Exercise -$87.9K -30K -66.67% $2.93 15K Oct 18, 2024 Common Stock 30K $2.93 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 14, 2023.
F2 The sale, executed under a 10b5-1 plan adopted by the reporting person on December 14, 2023, is for options that are set to expire on March 9, 2025.
F3 The stock options vested over 36 equal monthly installments beginning on 4/9/2018 and are currently exercisable.