Ron Vincent - Nov 12, 2021 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role
Chief Financial Officer
Signature
/s/Ron Vincent
Stock symbol
CXDO
Transactions as of
Nov 12, 2021
Transactions value $
$0
Form type
4
Date filed
11/16/2021, 03:32 PM
Previous filing
Nov 12, 2021
Next filing
Dec 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXDO Common Stock Options Exercise $0 +417 +2.04% $0.00 20.9K Nov 12, 2021 Direct F1
transaction CXDO Common Stock Options Exercise $0 +374 +1.79% $0.00 21.2K Nov 12, 2021 Direct F2

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 -417 -24.96% $0.00 1.25K Nov 12, 2021 Common Stock 417 $0.00 Direct F3, F4
transaction CXDO Restricted Stock Units Options Exercise $0 -374 -5.86% $0.00 6K Nov 12, 2021 Common Stock 374 $0.00 Direct F3, F5
* 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 February 12, 2019.
F2 Vesting of RSUs granted on March 12, 2020.
F3 Each RSU is the economic equivalent of one share of Crexendo common stock. The closing price of CXDO on November 12, 2021 was $5.75
F4 The RSUs vest in equal installments over 36 months starting on March 12, 2019 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
F5 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.