Russell C. Horowitz - 30 Dec 2021 Form 4 Insider Report for MARCHEX INC (MCHX)

Role
Executive Chairman, Director, Co-CEO, 10%+ Owner
Signature
Russell C. Horowitz
Issuer symbol
MCHX
Transactions as of
30 Dec 2021
Net transactions value
+$985
Form type
4
Filing time
03 Jan 2022, 16:30:49 UTC
Previous filing
04 Oct 2021
Next filing
03 Oct 2022
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 $475 +47,500 +6.4% $0.0100* 787,918 30 Dec 2021 Direct F1, F2
transaction MCHX Class B Common Stock Award $510 +51,000 +6.5% $0.0100* 838,918 03 Jan 2022 Direct F3
holding MCHX Class B Common Stock 5,000 30 Dec 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 +47,500 $0.000000 47,500 30 Dec 2021 Class B Common Stock 47,500 $2.57 Direct F2, F4
transaction MCHX Employee Stock Option (right to buy) Award $0 +51,000 $0.000000 51,000 03 Jan 2022 Class B Common Stock 51,000 $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.