Jeffrey G. Korn - 25 Mar 2025 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role: Chief Executive Officer
Signature: /s/ Jeffery G. Korn
Issuer symbol: CXDO
Transactions as of: 25 Mar 2025
Net transactions value: -$386
Form type: 4
Filing time: 26 Mar 2025, 18:07:33 UTC
Previous filing: 12 Mar 2025
Next filing: 29 Apr 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	+277	+0.11%	$0.000000	243,661	25 Mar 2025	Direct	F1
transaction	CXDO	Common Stock	Tax liability	$386	-68	-0.03%	$5.67	243,593	25 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	Options Exercise	$0	-277	-2.8%	$0.000000	9,723	25 Mar 2025	Common Stock	277	$0.000000	Direct	F1, F2

* 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 vest in equal monthly installments over 36 months starting on March 25, 2025 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
F3	The Company withheld 68 shares of common stock for payment of the associated payroll taxes, using the closing stock price on March 25, 2025 of $5.67. This transaction does not represent a sale by the reporting person.