Kim L Jasmine 4

What Happened Kim L Jasmine, a director of Crexendo, Inc. (CXDO), was awarded three stock-option grants (derivative acquisitions) totaling 35,000 underlying shares with a reported aggregate value of $202,800. The grants were: 15,000 options at $5.36 on 2024-03-05 ($80,400), 10,000 options at $5.77 on 2025-03-04 ($57,700), and 10,000 options at $6.47 on 2026-03-04 ($64,700). These were awards (Form 4 code A) — not open-market purchases or sales.

Key Details

• Transaction dates and exercise prices:
  • 2024-03-05: 15,000 options, $5.36 each (derivative value $80,400). (Footnote F1)
  • 2025-03-04: 10,000 options, $5.77 each (derivative value $57,700). (Footnote F2)
  • 2026-03-04: 10,000 options, $6.47 each (derivative value $64,700). (Footnote F3)
• Vesting notes:
  • F1: 15,000 options vest over 24 equal monthly installments beginning 4/5/2024.
  • F2: 10,000 options vest over 24 equal monthly installments beginning 4/5/2025.
  • F3: 10,000 options vest over 36 equal monthly installments beginning 4/4/2026.
• Shares owned after the transactions: not specified in the filing.
• Timeliness: This Form 4 was filed late (filing date 2026-05-20 for a report period beginning 2024-03-05). The filing says the delay was due to the reporting person not previously having EDGAR filing credentials; they are now current.

Context

• These entries are option awards (derivative grants). They represent the right to buy shares at the listed exercise prices and generally vest over time; they do not represent immediate purchases of shares or sales.
• Awards are typically compensation or retention tools and are different from open-market buying or selling; they do not by themselves signal that the insider bought or sold shares in the market.