Steven G. Mihaylo - Mar 17, 2022 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/Steven G Mihaylo
Stock symbol
CXDO
Transactions as of
Mar 17, 2022
Transactions value $
$0
Form type
4
Date filed
3/21/2022, 09:30 PM
Previous filing
Mar 7, 2022
Next filing
May 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXDO Common Stock Options Exercise $0 +25K +0.24% $0.00 10.6M Mar 17, 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 Award $0 +50K $0.00 50K Mar 17, 2022 Common Stock 50K $0.00 Direct F1, F2
transaction CXDO Restricted Stock Units Options Exercise $0 -25K -50% $0.00 25K Mar 17, 2022 Common Stock 25K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.
F2 The RSUs vest 50% immediately on the grant date (3/17/2022) and 50% in 12 months (3/17/2023), subject to continuous employment. Shares will be delivered upon vesting.