Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 467

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 2
Chunk 467
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.13%  3.76%Expected dividend yield  0.00%  0.00% The expected volatility of the options is determined using historical volatilities based on historical stock prices. The expected life of the options granted is based on our historical share option exercise experience. The risk-free interest rate is determined using the yield available for zero-coupon U.S. government issues with a remaining term equal to the expected life of the option. During 2023, the Company declared and paid one quarterly dividends of $0.005, however, the expected annual dividend yield was less than half of one percent during 2023. In March 2023, our Board of Directors cancelled the quarterly dividend.  

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The following table summarizes the stock option activity under the plans for the years ended December 31, 2024 and 2023 (in thousands, except share data):              Weighted-  Weighted-Average Aggregate   Number of   Average  Remaining Intrinsic Value   Shares  Exercise Price  Contract Life (in thousands) Outstanding at January 1, 2023  7,652,964   2.73  5.3 years  3,362 Granted  965,500   1.88       Exercised  (183,521)  1.32       Cancelled/forfeited  (439,144)  3.04       Outstanding at December 31, 2023  7,995,799   2.64  4.9 years  19,469 Granted  328,500   5.42       Exercised  (1,460,404)  1.74       Cancelled/forfeited  (201,096)  4.01       Outstanding at December 31, 2024  6,662,799   2.93  4.4 years  16,584 Shares vested and expected to vest  6,558,048   2.93  4.3 years  16,369 Exercisable as of December 31, 2024  5,866,379   2.89  3.8 years  14,950 Exercisable