Polley Ryan 4
4 · MARCHEX INC · Filed Jan 3, 2022
Insider Transaction Report
Form 4
MARCHEX INCMCHX
Polley Ryan
Chief Product/Strategy Officer
Transactions
- Award
Class B Common Stock
2022-01-03$0.01/sh+50,000$500→ 195,000 total - Award
Employee Stock Option (right to buy)
2022-01-03+50,000→ 50,000 totalExercise: $2.56Exp: 2032-01-03→ Class B Common Stock (50,000 underlying)
Footnotes (2)
- [F1]Restricted stock award effective January 3, 2022 (the "Grant Date") with 25% of such shares vesting on the first, second, third and fourth annual anniversary of the Grant Date, subject to Polley remaining a continuous and full-time active employee and with vesting in full of all such shares of restricted stock upon a Change of Control (as defined in such reporting person's restricted stock agreement).
- [F2]Stock option award effective on the Grant Date, with 25% of such option shares vesting on the first annual anniversary of the Grant Date and 1/12 of the remainder vesting in equal increments quarterly thereafter over the following three (3) year period, subject to Polley remaining a continuous and full-time active employee and with vesting in full of all such options upon a Change of Control (as defined in such reporting person's option agreement).