Nagle Brian 4

What Happened

• Brian Nagle, Chief Financial Officer of Marchex, converted/vested a total of 15,000 restricted stock units (RSUs) on March 20, 2026. The filing shows 7,500 shares were recorded as acquired (conversion of the derivative) and 7,500 shares were recorded as disposed at $0.00. No cash proceeds are reported for the disposed shares.

Key Details

• Transaction date: 2026-03-20 (reported same day).
• Reported transactions: 7,500 shares acquired via conversion; 7,500 shares disposed at $0.00 (both coded as derivative/option conversion, code M).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: The RSU award was granted on March 20, 2025 and vests in full on the first anniversary (March 20, 2026).
• Timeliness: Filing was made on the same date as the transaction (no late filing indicated).

Context

• These entries reflect RSUs vesting and conversion into common stock. The zero-dollar disposal is consistent with shares being withheld or surrendered to satisfy tax withholding or withholding-related obligations upon vesting (common practice), rather than an open-market sale generating cash proceeds.
• This is not an open-market purchase or sale that signals a change in market exposure; it documents the conversion/settlement of equity awards granted previously.