Russell C. Horowitz - 29 Sep 2022 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: 29 Sep 2022
Net transactions value: +$150
Form type: 4
Filing time: 03 Oct 2022, 16:26:23 UTC
Previous filing: 03 Jan 2022
Next filing: 30 Dec 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	$150	+15,000	+1.8%	$0.0100^*	853,918	29 Sep 2022	Direct	F1
holding	MCHX	Class B Common Stock						5,000	29 Sep 2022	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	+20,000		$0.000000	20,000	29 Sep 2022	Class B Common Stock	20,000	$1.78	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 29, 2022 (the "Grant Date") with 50% of such shares vesting on September 29, 2023 and September 29, 2024, 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 29, 2023 and September 29, 2024, 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).