MICHAEL A. ARENDS - 30 Dec 2021 Form 4 Insider Report for MARCHEX INC (MCHX)

Role
Co-CEO
Signature
Michael A. Arends
Issuer symbol
MCHX
Transactions as of
30 Dec 2021
Transactions value $
$1,570
Form type
4
Filing time
03 Jan 2022, 16:27:28 UTC
Next filing
18 May 2022
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 $980 +98,000 +9.48% $0.01* 1,132,254 30 Dec 2021 Direct F1, F2
transaction MCHX Class B Common Stock Award $590 +59,000 +5.21% $0.01* 1,191,254 03 Jan 2022 Direct F3
holding MCHX Class B Common Stock 18,100 30 Dec 2021 By IRA
holding MCHX Class B Common Stock 6,500 30 Dec 2021 By IRA for Diana Arends

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 Employee Stock Option (right to buy) Award $0 +98,000 $0 98,000 30 Dec 2021 Class B Common Stock 98,000 $2.57 Direct F2, F4
transaction MCHX Employee Stock Option (right to buy) Award $0 +59,000 $0 59,000 03 Jan 2022 Class B Common Stock 59,000 $2.56 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock award effective December 30, 2021 (the "Grant Date").
F2 See Exhibit A.
F3 Restricted stock award effective January 3, 2022 (the "Second Grant Date") with 25% of such shares vesting on the first, second, third and fourth annual anniversary of the Second Grant Date, subject to double-trigger acceleration upon change of control as set forth in the reporting person's employment agreement with the Issuer.
F4 Option grant effective on the Grant Date.
F5 Stock option award effective the Second Grant Date, with 25% of such option shares vesting on the first annual anniversary of the Second Grant Date and 1/12 of the remainder vesting in equal increments quarterly thereafter over the following three (3) year period, subject to double-trigger acceleration upon change of control as set forth in the reporting person's employment agreement with the Issuer.