Executive equity: Marchex (MCHX) awards 128,205 restricted stock units to Hartless

Rhea-AI Filing Summary

Marchex Inc reported an equity compensation grant to a senior executive. President & Chief Revenue Officer Troy Hartless acquired 128,205 restricted stock units effective February 17, 2026. Each unit represents one share of Class B common stock and will vest in full on the first anniversary of the grant date, increasing his direct equity-based stake if vesting conditions are satisfied.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HARTLESS TROY

(Last) (First) (Middle)

1200 5TH AVE

SUITE 1300

(Street)

SEATTLE WA 98101

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MARCHEX INC [ MCHX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & Chief Rev Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	02/17/2026		A		128,205		(1)	(1)	Class B Common Stock	128,205	$0	128,205	D

Explanation of Responses:

1. Restricted stock units award effective February 17, 2026 (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.

	/s/ Troy Hartless	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Marchex (MCHX) report for Troy Hartless?

Marchex reported that President & Chief Revenue Officer Troy Hartless received a grant of 128,205 restricted stock units on February 17, 2026. These units are a form of equity compensation tied to future vesting into Class B common shares.

How many restricted stock units were granted to the Marchex (MCHX) executive?

Troy Hartless was granted 128,205 restricted stock units. This award increases his potential future ownership in Marchex, since each unit can convert into one share of Class B common stock once the vesting requirements are met.

When do Troy Hartless’s Marchex (MCHX) restricted stock units vest?

The restricted stock units granted to Troy Hartless vest in full on the first anniversary of the February 17, 2026 grant date. After vesting, each unit entitles him to receive one share of Marchex Class B common stock.

What does each Marchex (MCHX) restricted stock unit represent in this Form 4?

Each restricted stock unit awarded to Troy Hartless represents the right to receive one share of Marchex Class B common stock upon vesting. This structure aligns his compensation with future company performance and share value over time.

Was Troy Hartless’s Marchex (MCHX) Form 4 a purchase or an award?

The Form 4 reflects an award, not a market purchase. Troy Hartless acquired 128,205 restricted stock units as a grant categorized as a “Grant, award, or other acquisition,” consistent with equity-based executive compensation.