How did this transaction affect Troy Hartless’s Marchex share holdings?

After the transaction, Troy Hartless directly held 87,500 shares of MARCHEX INC Class B Common Stock from this restricted stock unit award. The derivative position tied to these units is now fully exercised, with no remaining RSUs from this specific grant shown.

Marchex (MCHX) chief revenue officer receives 87,500 shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Marchex Inc. President & Chief Revenue Officer Troy Hartless exercised restricted stock units and received Class B common shares. On March 20, 2026, 87,500 restricted stock units converted into 87,500 shares of Class B Common Stock at a price of $0.00 per share. These units were granted effective March 20, 2025 and vested in full on the first anniversary of the grant date, making this a compensation-related equity delivery rather than an open-market purchase or sale. Following the conversion, this award’s derivative position is fully exercised and Hartless holds 87,500 Class B shares from this grant.

Insider Trade Summary

87,500 shares exercised/converted

Mixed 2 txns

Insider HARTLESS TROY

Role President & Chief Rev Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	87,500	$0.00	--
Exercise	Class B Common Stock	87,500	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Class B Common Stock — 87,500 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

03/20/2026 - 04:15 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HARTLESS TROY

(Last)

(First)

(Middle)

1200 5TH AVE

SUITE 1300

(Street)

SEATTLE

WASHINGTON

98101

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MARCHEX INC [ MCHX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President & Chief Rev Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Stock	03/20/2026		M		87,500	A	⁽¹⁾	87,500	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	03/20/2026		M			87,500	⁽¹⁾	⁽¹⁾	Class B Common Stock	87,500	$0	0	D

Explanation of Responses:

1. Restricted stock units award effective March 20, 2025 (the "Grant Date"). Each restricted stock unit represents the right to receive one share of the Corporation's Class B Common Stock upon vesting, which occurs in full on the first anniversary of the Grant Date.

	/s/ Troy Hartless	03/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did MARCHEX INC (MCHX) report for Troy Hartless?

MARCHEX INC reported that President & Chief Revenue Officer Troy Hartless exercised 87,500 restricted stock units, converting them into 87,500 shares of Class B Common Stock. This reflects the delivery of previously granted equity compensation, not an open-market stock purchase or sale.

How many Marchex (MCHX) shares did Troy Hartless acquire in this Form 4?

Troy Hartless acquired 87,500 shares of MARCHEX INC Class B Common Stock through the exercise of 87,500 restricted stock units. The transaction price per share was listed as $0.00, consistent with equity compensation vesting rather than a market purchase for cash.

What was the origin and vesting schedule of Troy Hartless’s restricted stock units at MARCHEX INC?

The restricted stock units were granted effective March 20, 2025, as an equity award. Each unit represented one share of Class B Common Stock and vested in full on the first anniversary of the grant date, March 20, 2026, triggering the conversion into shares reported here.

Is Troy Hartless’s Marchex (MCHX) Form 4 transaction a market buy or sell?

The Form 4 does not show any market buy or sell. It records a derivative exercise where 87,500 restricted stock units converted into 87,500 Class B Common Stock shares at $0.00, representing compensation vesting rather than an open-market trading decision.

What does the exercise code “M” indicate in the Marchex (MCHX) Form 4 filing?

The transaction code “M” in the Form 4 indicates an exercise or conversion of a derivative security. Here it reflects the conversion of 87,500 restricted stock units into 87,500 Class B Common Stock shares as part of an equity compensation vesting event.