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

Role
Chief Financial Officer
Signature
/s/Ron Vincent
Issuer symbol
CXDO
Transactions as of
12 Feb 2022
Net transactions value
$0
Form type
4
Filing time
14 Feb 2022, 18:55:55 UTC
Previous filing
14 Jan 2022
Next filing
15 Mar 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 +421 +1.8% $0.000000 23,247 12 Feb 2022 Direct F1
transaction CXDO Common Stock Options Exercise $0 +375 +1.6% $0.000000 23,622 12 Feb 2022 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 -421 -100% $0.000000* 0 12 Feb 2022 Common Stock 421 $0.000000 Direct F3, F4
transaction CXDO Restricted Stock Units Options Exercise $0 -375 -7.1% $0.000000 4,878 12 Feb 2022 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 February 12, 2022 was $4.35.
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.