Douglas Walter Gaylor - Oct 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
Oct 12, 2021
Transactions value $
$0
Form type
4
Date filed
10/14/2021, 02:12 PM
Previous filing
Sep 14, 2021
Next filing
Nov 12, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXDO Common Stock Options Exercise $0 +500 +4% $0.00 13K Oct 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 -5.55% $0.00 8.5K Oct 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 October 12, 2021 was $5.68
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.