Company: CXDO
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001654954-25-002287
Chunk: 508

Company: Crexendo, Inc.
Filing Date: 2025-03-04
Form: 10-K
Item: Item 2
Chunk 508
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 Jon Brinton  -  $-   8,750  $38 Anand Buch  312,052  $1,265   12,500  $54 David Wang  202,367  $837   8,750  $38 

 96Table of Contents

Equity Compensation Plan Information

The following table presents information about our common stock that was issuable upon the exercise of options, warrants and rights under existing equity compensation plans as of December 31, 2024. 

Plan Category Number of Securities To Be Issued Upon Exercise Of Outstanding Options  Weighted-average Exercise Price Of Outstanding Options  Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected In Column (a))   (a)  (b)  (c) Equity Compensation Plans Approved By Securities Holders  7,121,550  $1.86   1,611,736 Equity Compensation Plans Not Approved By Securities Holders  -   -   - Total  7,121,550  $1.86   1,611,736 

CEO Pay Ratio

Pursuant to Item 402(u) of Regulation S-K and Section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Company is required to provide the ratio of the annual total compensation of Mr. Korn, who served as the Company’s Chief Executive Officer in 2024, to the annual total compensation of the median employee of the Company for 2024.

To identify and to determine the annual total compensation of the median employee in 2024, we used the following methodology:

 ·As of December 31, 2024, we employed 171 employees, which excludes non-United States employee. ·We collected payroll data of all active full-time and part-time employees as of December 31, 2024 which is also the date the Company selected for identifying its median employee. ·We used total cash compensation and the fair value of equity awards granted in 2024 as of December 31, 2024, which includes base pay, bonus, commissions, stock options, and RSUs, which we believe reasonably reflects the annual compensation of our employees and consistently applies to all our employees. ·We annualized total cash compensation for full-time and part-time employees who were hired