HARTLESS TROY 4

What Happened
Troy Hartless, President and Chief Revenue Officer of Marchex, was granted 128,205 restricted stock units (RSUs) on February 17, 2026. The award was reported as a derivative grant at $0.00 per unit (typical for RSU grants); the RSUs represent the right to receive one share of Class B common stock per unit upon vesting.

Key Details

• Transaction date: 2026-02-17; Filing date: 2026-02-18 (Form 4 accession 0001193125-26-057073) — filing appears timely.
• Transaction type/code: A (Award/Grant), derivative award of 128,205 RSUs at $0.00.
• Shares owned after transaction: Not disclosed in the supplied filing extract.
• Footnote: Each RSU vests in full on the first anniversary of the grant date (see footnote F1).
• No sale or purchase occurred; this is a compensation/award grant, not a market transaction.

Context
RSUs are a common form of equity compensation: the holder receives shares (or their cash equivalent) only after vesting conditions are met. Because these units vest in one year, they are not immediately tradable and do not reflect an immediate purchase or sale by the insider. Grants signal management compensation alignment with shareholders but do not, by themselves, indicate the insider’s personal view on near-term stock direction.