Douglas Walter Gaylor - Jan 12, 2022 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role
Chief Operating Officer
Signature
/s/Douglas Walter Gaylor
Stock symbol
CXDO
Transactions as of
Jan 12, 2022
Transactions value $
$0
Form type
4
Date filed
1/14/2022, 12:26 PM
Previous filing
Dec 14, 2021
Next filing
Feb 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXDO Common Stock Options Exercise $0 +499 +3.33% $0.00 15.5K Jan 12, 2022 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 -6.65% $0.00 7K Jan 12, 2022 Common Stock 499 $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 January 12, 2022 was $4.60.
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.