Jeffrey G. Korn - 14 Mar 2023 Form 3 Insider Report for Crexendo, Inc. (CXDO)

Role: Chief Executive Officer
Signature: /s/ Jeffery G. Korn
Issuer symbol: CXDO
Transactions as of: 14 Mar 2023
Net transactions value: $0
Form type: 3
Filing time: 14 Mar 2023, 17:36:06 UTC
Next filing: 21 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CXDO	Common Stock						127,010	14 Mar 2023	Direct

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
holding	CXDO	Stock Options (right to buy)							14 Mar 2023	Common Stock	25,000	$2.45	Direct	F1
holding	CXDO	Stock Options (right to buy)							14 Mar 2023	Common Stock	25,000	$1.56	Direct
holding	CXDO	Stock Options (right to buy)							14 Mar 2023	Common Stock	20,000	$2.93	Direct	F2
holding	CXDO	Stock Options (right to buy)							14 Mar 2023	Common Stock	75,000	$6.26	Direct	F3
holding	CXDO	Stock Options (right to buy)							14 Mar 2023	Common Stock	50,000	$6.63	Direct	F4
holding	CXDO	Stock Options (right to buy)							14 Mar 2023	Common Stock	40,000	$5.78	Direct	F5
holding	CXDO	Restricted Stock Units							14 Mar 2023	Common Stock	23,750	$0.000000	Direct
holding	CXDO	Stock Options (right to buy)							14 Mar 2023	Common Stock	25,000	$2.72	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The stock options vested over 48 equal monthly installments beginning on 4/18/2013.
F2	The stock options vested over 36 equal monthly installments beginning on 4/9/2018.
F3	The stock options vest over 36 equal monthly installments beginning on 11/21/2020.
F4	The stock options vest over 36 equal monthly installments beginning on 4/9/2021.
F5	The stock options vest over 36 equal monthly installments beginning on 12/9/2021.
F6	The stock options vest over 36 equal monthly installments beginning on 11/24/2022.