Ron Vincent - 05 Jun 2024 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role
Chief Financial Officer
Signature
/s/Ron Vincent
Issuer symbol
CXDO
Transactions as of
05 Jun 2024
Transactions value $
-$3,705
Form type
4
Filing time
06 Jun 2024, 19:47:00 UTC
Previous filing
07 Mar 2024
Next filing
09 Sep 2024
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 +2.81% $0.000000 152,284 05 Jun 2024 Direct F1
transaction CXDO Common Stock Tax liability -$3,705 -1,140 -0.75% $3.25 151,144 05 Jun 2024 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 -4,166 -8.33% $0.000000 45,834 05 Jun 2024 Common Stock 4,166 $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 1,140 shares of common stock for payment of the associated payroll taxes, using the closing stock price on June 5, 2024 of $3.25. This transaction does not represent a sale by the reporting person.
F3 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.