MICHAEL A. ARENDS - 28 Sep 2023 Form 4 Insider Report for MARCHEX INC (MCHX)

Role
Vice Chairman, Director
Signature
Michael A. Arends
Issuer symbol
MCHX
Transactions as of
28 Sep 2023
Transactions value $
$150
Form type
4
Filing time
02 Oct 2023, 16:28:03 UTC
Previous filing
26 Jan 2023
Next filing
07 Nov 2024
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 $150 +15,000 +1.07% $0.0100* 1,417,129 28 Sep 2023 Direct F1
holding MCHX Class B Common Stock 18,100 28 Sep 2023 By IRA
holding MCHX Class B Common Stock 6,500 28 Sep 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 +20,000 $0.000000 20,000 28 Sep 2023 Class B Common Stock 20,000 $1.45 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 September 28, 2023 (the "Grant Date") with 50% of such shares vesting on September 28, 2024 and September 28, 2025, respectively, assuming continued service on the Board for such period and with vesting in full of all such restricted shares upon a Change of Control (as defined in such reporting person's restricted stock agreement).
F2 Option grant effective on the Grant Date with 50% of such options vesting on September 28, 2024 and September 28, 2025, respectively, assuming continued service on the Board for such period and with vesting in full of all such options upon a Change of Control (as defined in such reporting person's option agreement).