Russell C. Horowitz - Oct 1, 2021 Form 4 Insider Report for MARCHEX INC (MCHX)

Role: Executive Chairman, Director, Co-CEO, 10%+ Owner
Signature: Russell C. Horowitz
Stock symbol: MCHX
Transactions as of: Oct 1, 2021
Transactions value $: $150
Form type: 4
Date filed: 10/4/2021, 04:38 PM
Next filing: Jan 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MCHX	Class B Common Stock	Award	$150	+15K	+2.07%	$0.01^*	740K	Oct 1, 2021	Direct	F1
holding	MCHX	Class B Common Stock						5K	Oct 1, 2021	By IRA

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	+20K		$0.00	20K	Oct 1, 2021	Class B Common Stock	20K	$3.02	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 October 1, 2021 (the "Grant Date") with 50% of such shares vesting on October 1, 2022 and October 1, 2023, 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 October 1, 2022 and October 1, 2023, 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).