Crexendo, Inc. — Director's Dealing 2020

May 14, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Crexendo, Inc. (CXDO)
CIK: 0001075736
Period of Report: 2020-05-12

Reporting Person: Gaylor Douglas Walter (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-12	Common Stock	M	500	—	Acquired	4499	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-12	Restricted Stock Unit	$0	M	500	Disposed		Common Stock (500)	Direct

Footnotes

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 May 12, 2020 was $6.15.

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.