Douglas Walter Gaylor - May 12, 2021 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role: Chief Operating Officer
Signature: /s/Douglas Walter Gaylor
Stock symbol: CXDO
Transactions as of: May 12, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/13/2021, 05:06 PM
Next filing: Jun 14, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CXDO	Common Stock	Options Exercise	$0	+500	+5%	$0.00	10.5K	May 12, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CXDO	Restricted Stock Units	Options Exercise	$0	-500	-4.35%	$0.00	11K	May 12, 2021	Common Stock	500	$0.00	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Vesting of RSUs granted on March 12, 2020.
F2	Each RSU is the economic equivalent of one share of Crexendo common stock. The closing price of CXDO on May 12, 2021 was $4.96.
F3	The RSUs vest in equal installments over 36 months starting on April 12, 2020 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.