For more than a century, the Painlevé I equation has played an important role in both physics and mathematics. Its two-parameter family of solutions was studied in many different ways, yet still leads to new surprises and discoveries. Two popular tools in these studies are the theory of isomonodromic deformation that uses the exact WKB method, and the asymptotic description of transcendents in terms of two-parameter transseries. Combining methods from both schools of thought, and following work by Takei and collaborators, we find complete, two-parameter connection formulae for solutions when they cross arbitrary Stokes lines in the complex plane. These formulae allow us to study Stokes phenomenon for the full two-parameter family of transseries solutions. In particular, we recover the exact expressions for the Stokes data that were recently found by Baldino, Schwick, Schiappa and Vega and compare our connection formulae to theirs. We also explain several ambiguities in relating transseries parameter choices to actual Painlevé transcendents, study the monodromy of formal solutions, and provide high-precision numerical tests of our results.