Crexendo, Inc. — Director's Dealing 2021

Mar 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Crexendo, Inc. (CXDO)
CIK: 0001075736
Period of Report: 2021-03-01

Reporting Person: Goergen Todd Andrew (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-01	Common Stock	M	10000	$3.19	Acquired	373842	Direct
2021-03-01	Common Stock	F	5308	$6.01	Disposed	368534	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-01	Non-Qualified Stock Options	$3.19	M	10000	Disposed	2021-03-04	Common Stock (10000)	Direct

Footnotes

F1: Represents a "net exercise" of outstanding stock options. The reporting person received 4,692 shares of common stock on net exercise of option to purchase 10,000 shares of common stock. The Company withheld 5,308 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on March 1, 2021 of $6.01, This transaction does not represent a sale by the reporting person.