David R. Williams - 04 Mar 2025 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role: Director
Signature: /s/David R. Williams
Issuer symbol: CXDO
Transactions as of: 04 Mar 2025
Net transactions value: +$28,394
Form type: 4
Filing time: 07 Mar 2025, 13:15:17 UTC
Previous filing: 07 Mar 2024
Next filing: 22 Jan 2026
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	$29,300	+10,000	+35%	$2.93	38,227	05 Mar 2025	Direct
transaction	CXDO	Common Stock	Tax liability	$29,306	-4,093	-11%	$7.16	34,134	05 Mar 2025	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	Stock Options	Award	$57,700	+10,000		$5.77	10,000	04 Mar 2025	Common Stock	10,000	$5.77	Direct	F1
transaction	CXDO	Stock Options	Options Exercise	$29,300	-10,000	-50%	$2.93	10,000	05 Mar 2025	Common Stock	10,000	$2.93	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The options will vest over 24 equal monthly installments beginning on 4/4/2025.
F2	Represents a "net exercise" of outstanding stock options. The reporting person received 5,907 shares of common stock on net exercise of option to purchase 10,000 shares of common stock. The Company withheld 4,093 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on March 5, 2025 of $7.16, This transaction does not represent a sale by the reporting person.

Content

The options will vest over 24 equal monthly installments beginning on 4/4/2025.

Represents a "net exercise" of outstanding stock options. The reporting person received 5,907 shares of common stock on net exercise of option to purchase 10,000 shares of common stock. The Company withheld 4,093 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on March 5, 2025 of $7.16, This transaction does not represent a sale by the reporting person.