Ron Vincent - Feb 12, 2023 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role
Chief Financial Officer
Signature
/s/Ron Vincent
Stock symbol
CXDO
Transactions as of
Feb 12, 2023
Transactions value $
$0
Form type
4
Date filed
2/14/2023, 11:05 AM
Previous filing
Jan 13, 2023
Next filing
Mar 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CXDO Common Stock Options Exercise $0 +375 +0.49% $0.00 77.4K Feb 12, 2023 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 -49.73% $0.00 379 Feb 12, 2023 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 February 12, 2023 was $1.84.
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.