HARTLESS TROY 4
4 · MARCHEX INC · Filed Mar 20, 2026
Research Summary
AI-generated summary of this filing
Marchex (MCHX) President Troy Hartless Converts 87,500 RSUs to Shares
What Happened Troy Hartless, President and Chief Revenue Officer of Marchex, reported the conversion (exercise) of derivative securities on March 20, 2026. The filing shows 87,500 shares acquired through conversion and 87,500 shares disposed at $0.00. A footnote indicates these were restricted stock units (RSUs) granted March 20, 2025 that vested in full on the first anniversary of the grant date.
Key Details
- Transaction date: 2026-03-20; transaction code: M (exercise/conversion of derivative).
- Acquired: 87,500 shares (conversion). Disposed: 87,500 shares at $0.00 (derivative disposition).
- Footnote: RSU award effective Mar 20, 2025; each RSU converts to one Class B common share upon vesting in full on Mar 20, 2026.
- Shares owned after the transaction: not specified in the supplied filing.
- Filing timeliness: report period and transaction date are the same (Mar 20, 2026); no late filing flag indicated.
Context Code M transactions indicate an exercise or conversion of derivative awards. In this case the RSUs vested and converted into common shares; the filing records an equal number of shares disposed at $0.00 (the filing does not report cash proceeds). This appears to be routine equity compensation vesting rather than an open-market buy or sale and should be interpreted accordingly.
Insider Transaction Report
- Exercise/Conversion
Class B Common Stock
[F1]2026-03-20+87,500→ 87,500 total - Exercise/Conversion
Restricted Stock Units
[F1]2026-03-20−87,500→ 0 total→ Class B Common Stock (87,500 underlying)
Footnotes (1)
- [F1]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.