Nagle Brian 4

What Happened
Brian Nagle, Chief Financial Officer of Marchex Inc. (MCHX), received a grant of 56,089 restricted stock units (RSUs) on February 17, 2026. The award was reported as a derivative acquisition at $0.00 per unit (no cash exchanged); each RSU represents the right to one share of Class B common stock upon vesting.

Key Details

• Transaction date: 2026-02-17 (reported on Form 4 filed 2026-02-18). Filing appears timely.
• Transaction type/code: A — Award/Grant (derivative instrument, RSUs).
• Units granted: 56,089 RSUs; reported acquisition price: $0.00 per unit.
• Vesting: RSUs vest in full on the first anniversary of the grant date (Feb 17, 2027) per footnote.
• Shares owned after transaction: not specified in this filing.
• No sale or open-market purchase occurred—this is compensation, not an immediate buy/sell.

Context
RSUs are a common form of executive compensation and do not represent actual shares or voting rights until they vest and are settled. Because vesting is scheduled for one year, these awards do not indicate an immediate change in insider market exposure; they are typically intended to align long-term incentives.