Marchex grants 50,000 stock options to each director and $7,500 quarterly cash retainer

MARCHEX INC

Each director receives 50,000 stock options under 2021 Stock Incentive Plan.
Exercise price equals closing price on November 6, 2024 (grant date).
Options vest 50% on first and second anniversaries; full vesting on change of control.
Independent directors also receive $7,500 cash per quarter for board service.

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