Jeffrey G. Korn - 04 Jun 2025 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role: Chief Executive Officer
Signature: /s/ Jeffery G. Korn
Issuer symbol: CXDO
Transactions as of: 04 Jun 2025
Net transactions value: -$6,760
Form type: 4
Filing time: 05 Jun 2025, 14:18:43 UTC
Previous filing: 28 May 2025
Next filing: 09 Jun 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
KORN JEFFREY G	Chief Executive Officer	1225 W WASHINGTON ST, STE 213, TEMPE	/s/ Jeffery G. Korn	05 Jun 2025	0001282348

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CXDO	Common Stock	Options Exercise	$0	+5,000	+2%	$0.000000	249,013	04 Jun 2025	Direct	F1
transaction	CXDO	Common Stock	Tax liability	$6,760	-1,218	-0.49%	$5.55	247,795	04 Jun 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	Restricted Stock Units	Options Exercise	$0	-1,218	-2.2%	$0.000000	55,000	04 Jun 2025	Common Stock	1,218	$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 1,218 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 4, 2025 of $5.55. This transaction does not represent a sale by the reporting person.
F3	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.