Ron Vincent - 12 Sep 2021 Form 4 Insider Report for Crexendo, Inc. (CXDO)

Role
Chief Financial Officer
Signature
/s/Ron Vincent
Issuer symbol
CXDO
Transactions as of
12 Sep 2021
Net transactions value
$0
Form type
4
Filing time
14 Sep 2021, 09:25:08 UTC
Previous filing
16 Aug 2021
Next filing
14 Oct 2021
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 +417 +2.2% $0.000000 19,286 12 Sep 2021 Direct F1
transaction CXDO Common Stock Options Exercise $0 +375 +1.9% $0.000000 19,661 12 Sep 2021 Direct F2

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 -417 -17% $0.000000 2,087 12 Sep 2021 Common Stock 417 $0.000000 Direct F3, F4
transaction CXDO Restricted Stock Units Options Exercise $0 -375 -5.3% $0.000000 6,752 12 Sep 2021 Common Stock 375 $0.000000 Direct F3, F5
* 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 February 12, 2019.
F2 Vesting of RSUs granted on March 12, 2020.
F3 Each RSU is the economic equivalent of one share of Crexendo common stock. The closing price of CXDO on September 12, 2021 was $5.86.
F4 The RSUs vest in equal installments over 36 months starting on March 12, 2019 until such time as the RSUs are 100% vested, subject to continuous employment. Shares will be delivered upon vesting.
F5 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.