secwatch.observer — SEC 8-K summary
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Issuer:     MARCHEX INC (MCHX)
CIK:        0001224133
Form:       8-K
Filed at:   2022-01-04T23:59:59+00:00
Accession:  0001564590-22-000294
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Marchex grants 210K stock options and 210K RSUs to four executive officers
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- Russell Horowitz: 51,000 options and 51,000 RSUs granted on Jan 3, 2022.
- Ryan Polley, John Roswech, Michael Arends each received 50,000 to 59,000 options and equal RSUs.
- Options have exercise price equal to closing price on grant date; vest 25% on first anniversary then quarterly.
- RSUs vest 25% annually over four years; accelerated vesting on certain events.
- Grants made under 2021 Stock Incentive Plan, subject to continued employment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1224133/000156459022000294/0001564590-22-000294-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1224133/000156459022000294/mchx-8k_20220103.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-000294

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer