Crexendo, Inc. — Director's Dealing 2023

Mar 21, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Crexendo, Inc. (CXDO)
CIK: 0001075736
Period of Report: 2023-03-17

Reporting Person: Vincent Ron (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-17	Common Stock	M	23750	—	Acquired	142660	Direct
2023-03-17	Common Stock	F	6496	$1.93	Disposed	136164	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-17	Restricted Stock Units	$0	M	23750	Disposed		Common Stock (23750)	Direct

Footnotes

F1: Each RSU represents the right to receive, upon vesting, one share of CXDO common stock contingent on continued employment.

F2: The Company withheld 6,496 shares of common stock for payment of the associated payroll taxes, using the closing stock price on March 17, 2023 of $1.93. This transaction does not represent a sale by the reporting person.

F3: The RSUs vested 50% immediately on the grant date (3/17/2022) and 50% in 12 months (3/17/2023), subject to continuous employment. Shares will be delivered upon vesting.