Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 932

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 7
Chunk 932
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 the consolidated statements of operations was approximately $1,712 and the weighted-average period over which these awards are expected to be recognized is approximately 1.5 years. Restricted Stock Units: The following table summarizes the RSUs outstanding with service vesting in future years (in thousands):   Years Ended December 31,   2025  2026  2027 RSUs with service-based vesting conditions  135   135   36 

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The following table summarizes the RSUs activity under the plans for the years ended December 31, 2024 and 2023 (in thousands, except unit data):   Number of   Weighted-Average   Units  Fair Value Outstanding at January 1, 2023  155,985  $3.62 Granted  255,000   1.87 Vested/released  (397,651)  2.57 Cancelled/forfeited  -   - Outstanding at December 31, 2023  13,334   1.73 Granted  440,000   5.24 Vested/released  (109,166)  5.05 Cancelled/forfeited  (38,334)  4.73 Outstanding at December 31, 2024  305,834   5.21  The weighted-average grant-date fair value of RSUs granted during the years ended December 31, 2024 and 2023 was $5.24 and $1.87, respectively.  The total intrinsic value of RSUs that vested and were released during the years ended December 31, 2024 and 2023 was $480 and $793 respectively. As of December 31, 2024, the total future compensation expense related to non-vested RSUs not yet recognized in the consolidated statements of operations was approximately $1,542 and the weighted-average period over which these awards are expected to be recognized is approximately 1.1 year. The following table summarizes the statement of operations effect of stock-based compensation for the years ended December 31, 2024 and 2023 (in thousands):    Year Ended December 31,   2024  2023 Share-based compensation expense by type:      Stock options $2,