# EDGAR Filing Document

**Accession Number:** 0001282348
**File Stem:** 0001654954-23-002865
**Filing Date:** 2023-3
**Character Count:** 5520
**Document Hash:** d617d524a99bf05ca2b2c7236d0a493a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001654954-23-002865.hdr.sgml**: 20230314

**ACCESSION NUMBER**: 0001654954-23-002865

**CONFORMED SUBMISSION TYPE**: 3

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230314

**FILED AS OF DATE**: 20230314

**DATE AS OF CHANGE**: 20230314

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** KORN JEFFREY G
- **CENTRAL INDEX KEY:** 0001282348

**FILING VALUES:**
- **FORM TYPE:** 3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-32277
- **FILM NUMBER:** 23732217

**MAIL ADDRESS:**
- **STREET 1:** 1615 SOUTH 52ND STREET
- **CITY:** TEMPE
- **STATE:** AZ
- **ZIP:** 85281
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Crexendo, Inc.
- **CENTRAL INDEX KEY:** 0001075736
- **STANDARD INDUSTRIAL CLASSIFICATION:** TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
- **IRS NUMBER:** 870591719
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 1615 S. 52ND STREET
- **CITY:** TEMPE
- **STATE:** AZ
- **ZIP:** 85281
- **BUSINESS PHONE:** 8012270004

**MAIL ADDRESS:**
- **STREET 1:** 1615 S. 52ND STREET
- **CITY:** TEMPE
- **STATE:** AZ
- **ZIP:** 85281

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IMERGENT INC
- **DATE OF NAME CHANGE:** 20020710

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NETGATEWAY INC
- **DATE OF NAME CHANGE:** 19990527

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 3

### INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>KORN JEFFREY G<br><sub>(Last) (First) (Middle)</sub><br>1615 S 52ND ST<br><sub>(Street)</sub><br>TEMPE, AZ 85281<br><sub>(City) (State) (Zip)</sub> | **3. Issuer Name and Ticker or Trading Symbol**<br>Crexendo, Inc. [ CXDO ] | **5. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  |
| **2. Date of Event Requiring Statement (Month/Day/Year)**<br>2023-03-14 | **4. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director   [ ] 10% Owner<br>[X] Officer (give title below)   [ ] Other (specify below)<br>_Chief Executive Officer_ | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities Beneficially Owned

---

|  |  |  |  |
| --- | --- | --- | --- |
| 1. Title of Security | 2. Amount of Securities Beneficially Owned | 3. Ownership Form | 4. Nature of Indirect Beneficial Ownership |
| Common Stock | 127010 | D |  |

---

## Table II - Derivative Securities Beneficially Owned

---

|  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Underlying Securities | 3. Title and Amount of Underlying Securities | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| Stock Options (right to buy) | <sup>(1)</sup> | 2023-03-18 | Common Stock | 25000 | $2.45 | D |  |
| Stock Options (right to buy) | 2017-03-07 | 2024-03-07 | Common Stock | 25000 | $1.56 | D |  |
| Stock Options (right to buy) | <sup>(2)</sup> | 2025-03-09 | Common Stock | 20000 | $2.93 | D |  |
| Stock Options (right to buy) | <sup>(3)</sup> | 2027-10-21 | Common Stock | 75000 | $6.26 | D |  |
| Stock Options (right to buy) | <sup>(4)</sup> | 2028-03-09 | Common Stock | 50000 | $6.63 | D |  |
| Stock Options (right to buy) | <sup>(5)</sup> | 2031-11-09 | Common Stock | 40000 | $5.78 | D |  |
| Restricted Stock Units | 2023-03-17 | 2023-03-17 | Common Stock | 23750 | $0 | D |  |
| Stock Options (right to buy) | <sup>(6)</sup> | 2032-10-24 | Common Stock | 25000 | $2.72 | D |  |

---

### Footnotes:

(1) The stock options vested over 48 equal monthly installments beginning on 4/18/2013.

(2) The stock options vested over 36 equal monthly installments beginning on 4/9/2018.

(3) The stock options vest over 36 equal monthly installments beginning on 11/21/2020.

(4) The stock options vest over 36 equal monthly installments beginning on 4/9/2021.

(5) The stock options vest over 36 equal monthly installments beginning on 12/9/2021.

(6) The stock options vest over 36 equal monthly installments beginning on 11/24/2022.

**Signature:** /s/ Jeffery G. Korn  
**Date:** 2023-03-14

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**