Ron Vincent - Feb 12, 2022 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role
Chief Financial Officer
Signature
/s/Ron Vincent
Stock symbol
CXDO
Transactions as of
Feb 12, 2022
Transactions value $
$0
Form type
4
Date filed
2/14/2022, 06:55 PM
Previous filing
Jan 14, 2022
Next filing
Mar 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXDO Common Stock Options Exercise $0 +421 +1.84% $0.00 23.2K Feb 12, 2022 Direct F1
transaction CXDO Common Stock Options Exercise $0 +375 +1.61% $0.00 23.6K Feb 12, 2022 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 -421 -100% $0.00* 0 Feb 12, 2022 Common Stock 421 $0.00 Direct F3, F4
transaction CXDO Restricted Stock Units Options Exercise $0 -375 -7.14% $0.00 4.88K Feb 12, 2022 Common Stock 375 $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 February 12, 2022 was $4.35.
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.