Crexendo, Inc. — Director's Dealing 2022

Mar 15, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Crexendo, Inc. (CXDO)
CIK: 0001075736
Period of Report: 2022-03-12

Reporting Person: Vincent Ron (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-12	Common Stock	M	375	—	Acquired	23997	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-12	Restricted Stock Units	$0	M	375	Disposed		Common Stock (375)	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 March 12, 2022 was $3.90.

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.