DENNIS CLINE - 01 Oct 2021 Form 4 Insider Report for MARCHEX INC (MCHX)

Role: Director
Signature: Dennis Cline
Issuer symbol: MCHX
Transactions as of: 01 Oct 2021
Net transactions value: +$150
Form type: 4
Filing time: 04 Oct 2021, 16:42:44 UTC
Next filing: 02 Dec 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MCHX	Class B Common Stock	Award	$150	+15,000	+11%	$0.0100^*	146,760	01 Oct 2021	Direct	F1
holding	MCHX	Class B Common Stock						28,500	01 Oct 2021	By DMC Investments, LLC
holding	MCHX	Class B Common Stock						10,000	01 Oct 2021	By Trust for Colburn Cline	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MCHX	Non-Qualified Stock Option (right to buy)	Award	$0	+20,000		$0.000000	20,000	01 Oct 2021	Class B Common Stock	20,000	$3.02	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted stock award effective October 1, 2021 (the "Grant Date") with 50% of such shares vesting on October 1, 2022 and October 1, 2023, respectively, assuming continued service on the Board for such period and with vesting in full of all such restricted shares upon a Change of Control (as defined in such reporting person's restricted stock agreement).
F2	Reporting person disclaims beneficial ownership.
F3	Option grant effective on the Grant Date with 50% of such options vesting on October 1, 2022 and October 1, 2023, respectively, assuming continued service on the Board for such period and with vesting in full of all such options upon a Change of Control (as defined in such reporting person's option agreement).