Russell C. Horowitz - Sep 28, 2023 Form 4 Insider Report for MARCHEX INC (MCHX)

Role: Chairman, Director, 10%+ Owner
Signature: Russell C. Horowitz
Stock symbol: MCHX
Transactions as of: Sep 28, 2023
Transactions value $: $150
Form type: 4
Date filed: 10/2/2023, 04:31 PM
Previous filing: Jan 26, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MCHX	Class B Common Stock	Award	$150	+15K	+1.54%	$0.01^*	992K	Sep 28, 2023	Direct	F1
holding	MCHX	Class B Common Stock						5K	Sep 28, 2023	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	Sep 28, 2023	Class B Common Stock	20K	$1.45	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 28, 2023 (the "Grant Date") with 50% of such shares vesting on September 28, 2024 and September 28, 2025, 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 28, 2024 and September 28, 2025, 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).