Feeney Francis J 4

What Happened
Francis J. Feeney, Chief Operating Officer of Marchex, reported the conversion (exercise) of restricted stock units into 62,500 shares on March 20, 2026. The filing shows 62,500 shares acquired via conversion (price N/A) and an equal 62,500 shares disposed at $0.00 — indicating those shares were likely surrendered/withheld rather than sold for cash. No cash proceeds are reported in the filing.

Key Details

• Transaction date: 2026-03-20. Transaction code: M (exercise/conversion of a derivative).
• Acquired: 62,500 shares (conversion of RSUs), price reported as N/A.
• Disposed: 62,500 shares at $0.00 (reported as a derivative disposition). This typically reflects shares withheld to satisfy tax withholding rather than an open-market sale.
• Footnote F1: These were RSUs granted March 20, 2025 that vest in full on the first anniversary (i.e., 3/20/2026). Footnote F2 refers to a separate 2023 restricted stock award with multi-year vesting.
• Shares owned after the transaction: not specified in the excerpt provided.
• Filing timeliness: Report period and filing date are both 2026-03-20, indicating a same-day (timely) report.

Context
This filing reflects a routine vesting/conversion of RSUs rather than an open-market buy or sell. The matching acquisition and $0.00 disposition is commonly how companies report shares withheld to cover tax obligations on vested awards — it does not necessarily signal a sale for cash or a change in confidence. For retail investors, purchases or open-market sales can be more informative about insider sentiment than routine vesting events.