Ryan Polley - 03 Jan 2022 Form 4 Insider Report for MARCHEX INC (MCHX)

Role
Chief Operating Officer
Signature
/s/Ryan Polley
Issuer symbol
MCHX
Transactions as of
03 Jan 2022
Transactions value $
$500
Form type
4
Filing time
03 Jan 2022, 16:33:26 UTC
Previous filing
17 Aug 2021
Next filing
26 Jan 2023
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 $500 +50K +34.48% $0.01* 195K 03 Jan 2022 Direct F1

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 +50K $0.00 50K 03 Jan 2022 Class B Common Stock 50K $2.56 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock award effective January 3, 2022 (the "Grant Date") with 25% of such shares vesting on the first, second, third and fourth annual anniversary of the Grant Date, subject to Polley remaining a continuous and full-time active employee and with vesting in full of all such shares of restricted stock upon a Change of Control (as defined in such reporting person's restricted stock agreement).
F2 Stock option award effective on the Grant Date, with 25% of such option shares vesting on the first annual anniversary of the Grant Date and 1/12 of the remainder vesting in equal increments quarterly thereafter over the following three (3) year period, subject to Polley remaining a continuous and full-time active employee and with vesting in full of all such options upon a Change of Control (as defined in such reporting person's option agreement).