Crexendo, Inc. — Director's Dealing 2021

Feb 12, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Crexendo, Inc. (CXDO)
CIK: 0001075736
Period of Report: 2021-02-10

Reporting Person: MIHAYLO STEVEN G (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-10	Common Stock	M	150000	$5.90	Acquired	10148504	Direct
2021-02-10	Common Stock	M	140000	$3.19	Acquired	10288504	Direct
2021-02-10	Common Stock	F	139220	$6.58	Disposed	10149284	Direct
2021-02-10	Common Stock	F	86260	$6.58	Disposed	10063024	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-10	Non-Qualified Stock Options	$5.90	M	150000	Disposed	2021-05-17	Common Stock (150000)	Direct
2021-02-10	Non-Qualified Stock Options	$3.19	M	140000	Disposed	2021-03-04	Common Stock (140000)	Direct

Footnotes

F1: Represents a "net exercise" of outstanding stock options. The reporting person received 10,780 shares of common stock on net exercise of option to purchase 150,000 shares of common stock. The Company withheld 139,220 shares of common stock underlying the option for payment of the exercise price and associated payroll taxes, using the closing stock price on February 10, 2021 of $6.58, This transaction does not represent a sale by the reporting person.

F2: Represents a "net exercise" of outstanding stock options. The reporting person received 53,740 shares of common stock on net exercise of option to purchase 140,000 shares of common stock. The Company withheld 86,260 shares of common stock underlying the option for payment of the exercise price and associated payroll taxes, using the closing stock price on February 10, 2021 of $6.58, This transaction does not represent a sale by the reporting person.

F3: The non-qualified stock options vested over 48 equal monthly installments beginning on 6/17/2011.

F4: The non-qualified stock options vested over 36 equal monthly installments beginning on 4/4/2014.