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.