MICHAEL A. ARENDS - 25 Jan 2023 Form 4 Insider Report for MARCHEX INC (MCHX)

Role: Co-CEO
Signature: /s/Michael Arends
Issuer symbol: MCHX
Transactions as of: 25 Jan 2023
Transactions value $: $590
Form type: 4
Filing time: 26 Jan 2023, 15:45:46 UTC
Previous filing: 30 Dec 2022
Next filing: 02 Oct 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	$590	+59,000	+4.39%	$0.01^*	1,402,129	25 Jan 2023	Direct	F1
holding	MCHX	Class B Common Stock						18,100	25 Jan 2023	By IRA
holding	MCHX	Class B Common Stock						6,500	25 Jan 2023	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	+59,000		$0	59,000	25 Jan 2023	Class B Common Stock	59,000	$2	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 25, 2023 (the "Grant Date") with 25% of such shares vesting on the first, second, third and fourth annual anniversary of the Grant Date, 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, and with vesting in full of all such options upon a Change of Control (as defined in such reporting person's option agreement).