David Tzat-kin Wang - Mar 4, 2025 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role
Chief Technology Officer
Signature
/s/ David Tzat-kin Wang
Stock symbol
CXDO
Transactions as of
Mar 4, 2025
Transactions value $
$0
Form type
4
Date filed
3/6/2025, 06:02 PM
Previous filing
Dec 17, 2024
Next filing
Mar 17, 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 +2.92K +0.66% $0.00 446K Mar 5, 2025 Direct F1
transaction CXDO Common Stock Tax liability $0 -1.2K -0.27% $0.00 445K Mar 5, 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 +25K $0.00 25K Mar 4, 2025 Common Stock 25K $0.00 Direct F1, F2
transaction CXDO Restricted Stock Units Options Exercise $0 -2.92K -11.11% $0.00 23.3K Mar 5, 2025 Common Stock 2.92K $0.00 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 1,198 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.