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

Role: Chief Operating Officer
Signature: /s/Douglas Walter Gaylor
Issuer symbol: CXDO
Transactions as of: 12 Jun 2021
Net transactions value: $0
Form type: 4
Filing time: 14 Jun 2021, 19:59:00 UTC
Previous filing: 13 May 2021
Next filing: 14 Jul 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CXDO	Common Stock	Options Exercise	$0	+499	+4.8%	$0.000000	10,997	12 Jun 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	-499	-4.5%	$0.000000	10,503	12 Jun 2021	Common Stock	499	$0.000000	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 June 12, 2021 was $5.34.
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.