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

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/Steven G Mihaylo
Issuer symbol: CXDO
Transactions as of: 17 Mar 2022
Net transactions value: $0
Form type: 4
Filing time: 21 Mar 2022, 21:30:07 UTC
Previous filing: 07 Mar 2022
Next filing: 18 May 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	+25,000	+0.24%	$0.000000	10,594,393	17 Mar 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	+50,000		$0.000000	50,000	17 Mar 2022	Common Stock	50,000	$0.000000	Direct	F1, F2
transaction	CXDO	Restricted Stock Units	Options Exercise	$0	-25,000	-50%	$0.000000	25,000	17 Mar 2022	Common Stock	25,000	$0.000000	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.