Michael A. Arends - Jan 25, 2023 Form 4 Insider Report for MARCHEX INC (MCHX)

Role: Co-CEO
Signature: /s/Michael Arends
Stock symbol: MCHX
Transactions as of: Jan 25, 2023
Transactions value $: $590
Form type: 4
Date filed: 1/26/2023, 03:45 PM
Previous filing: Dec 30, 2022
Next filing: Oct 2, 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	+59K	+4.39%	$0.01^*	1.4M	Jan 25, 2023	Direct	F1
holding	MCHX	Class B Common Stock						18.1K	Jan 25, 2023	By IRA
holding	MCHX	Class B Common Stock						6.5K	Jan 25, 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	+59K		$0.00	59K	Jan 25, 2023	Class B Common Stock	59K	$2.00	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).