Russell C. Horowitz - Dec 30, 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
Dec 30, 2021
Transactions value $
$985
Form type
4
Date filed
1/3/2022, 04:30 PM
Previous filing
Oct 4, 2021
Next filing
Oct 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCHX Class B Common Stock Award $475 +47.5K +6.42% $0.01* 788K Dec 30, 2021 Direct F1, F2
transaction MCHX Class B Common Stock Award $510 +51K +6.47% $0.01* 839K Jan 3, 2022 Direct F3
holding MCHX Class B Common Stock 5K Dec 30, 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 +47.5K $0.00 47.5K Dec 30, 2021 Class B Common Stock 47.5K $2.57 Direct F2, F4
transaction MCHX Employee Stock Option (right to buy) Award $0 +51K $0.00 51K Jan 3, 2022 Class B Common Stock 51K $2.56 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock award effective December 30, 2021 (the "Grant Date").
F2 See Exhibit A.
F3 Restricted stock award effective January 3, 2022 (the "Second Grant Date") with 25% of such shares vesting on the first, second, third and fourth annual anniversary of the Second Grant Date, subject to double-trigger acceleration upon change of control as set forth in the reporting person's employment agreement with the Issuer.
F4 Option grant effective on the Grant Date.
F5 Stock option award effective the Second Grant Date, with 25% of such option shares vesting on the first annual anniversary of the Second Grant Date and 1/12 of the remainder vesting in equal increments quarterly thereafter over the following three (3) year period, subject to double-trigger acceleration upon change of control as set forth in the reporting person's employment agreement with the Issuer.