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

Role
Chief Financial Officer
Signature
/s/Ron Vincent
Issuer symbol
CXDO
Transactions as of
12 Dec 2021
Net transactions value
$0
Form type
4
Filing time
14 Dec 2021, 11:51:34 UTC
Previous filing
16 Nov 2021
Next filing
14 Jan 2022
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 +416 +2% $0.000000 21,659 12 Dec 2021 Direct F1
transaction CXDO Common Stock Options Exercise $0 +375 +1.7% $0.000000 22,034 12 Dec 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 -416 -33% $0.000000 838 12 Dec 2021 Common Stock 416 $0.000000 Direct F3, F4
transaction CXDO Restricted Stock Units Options Exercise $0 -375 -6.2% $0.000000 5,628 12 Dec 2021 Common Stock 375 $0.000000 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 December 12, 2021 was $5.15
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.