TROY HARTLESS - 03 Apr 2023 Form 4 Insider Report for MARCHEX INC (MCHX)

Role
Chief Revenue Officer
Signature
/s/Troy Hartless
Issuer symbol
MCHX
Transactions as of
03 Apr 2023
Transactions value $
$0
Form type
4
Filing time
04 Apr 2023, 16:41:52 UTC
Next filing
02 Oct 2023
SEC
View on sec.gov

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 +150,000 $0 150,000 03 Apr 2023 Class B Common Stock 150,000 $1.86 Direct F1
transaction MCHX Employee Stock Option (right to buy) Award $0 +200,000 $0 200,000 03 Apr 2023 Class B Common Stock 200,000 $1.86 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock option award effective April 3, 2023 (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 acceleration of vesting in certain events.
F2 Stock option grant effective on the Grant Date.
F3 See Exhibit A.