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

Role
Chief Financial Officer
Signature
/s/Ron Vincent
Stock symbol
CXDO
Transactions as of
Dec 12, 2022
Transactions value $
$0
Form type
4
Date filed
12/13/2022, 07:09 PM
Previous filing
Nov 15, 2022
Next filing
Dec 30, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXDO Common Stock Options Exercise $0 +375 +0.73% $0.00 51.4K Dec 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 -375 -24.93% $0.00 1.13K Dec 12, 2022 Common Stock 375 $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 December 12, 2022 was $2.03.
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.