Anand Buch - 04 Mar 2025 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role
Chief Strategy Officer
Signature
/s/ Anand Buch
Issuer symbol
CXDO
Transactions as of
04 Mar 2025
Net transactions value
-$12,258
Form type
4
Filing time
06 Mar 2025, 18:09:44 UTC
Previous filing
17 Dec 2024
Next filing
17 Mar 2025
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 +4,166 +0.75% $0.000000 557,668 05 Mar 2025 Direct F1
transaction CXDO Common Stock Tax liability $12,258 -1,712 -0.31% $7.16 555,956 05 Mar 2025 Direct F3

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 Award $0 +25,000 $0.000000 25,000 04 Mar 2025 Common Stock 25,000 $0.000000 Direct F1, F2
transaction CXDO Restricted Stock Units Options Exercise $0 -4,166 -11% $0.000000 33,334 05 Mar 2025 Common Stock 4,166 $0.000000 Direct F1, F4
* 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 RSUs will vest in equal quarterly installments over 12 quarters starting on June 4, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
F3 The Company withheld 1,712 shares of common stock for payment of the associated payroll taxes, using the closing stock price on March 5, 2025 of $7.16. This transaction does not represent a sale by the reporting person.
F4 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.