Marchex (MCHX) CFO settles 7,500 RSUs into Class B shares
Rhea-AI Filing Summary
Marchex Inc Chief Financial Officer Brian Nagle exercised 7,500 restricted stock units into 7,500 shares of Class B Common Stock. The Form 4 shows a derivative exercise (code M) on March 20, 2026 at a stated price of $0.00 per unit.
According to the footnote, these restricted stock units were granted effective March 20, 2025 and vested in full on the first anniversary of the grant date. After the settlement, Nagle directly holds 7,500 shares of Class B Common Stock and no remaining units from this award. The filing reports no share sales or tax-withholding dispositions, indicating a routine compensation-related vesting and share issuance.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,500 shares
Net Buy
2 txns
Insider
Nagle Brian
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 7,500 | $0.00 | $0.00 |
| Exercise | Class B Common Stock | 7,500 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class B Common Stock — 7,500 shares (Direct)
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.
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FAQ
What did Marchex (MCHX) CFO Brian Nagle report in this Form 4?
Brian Nagle reported exercising 7,500 restricted stock units into 7,500 shares of Marchex Class B Common Stock. The transaction reflects settlement of previously granted equity compensation rather than an open-market stock purchase or sale.
What were the terms of the Marchex CFO’s restricted stock unit award?
The award became effective on March 20, 2025, with each unit representing one Class B share upon vesting. The units vested in full on the first anniversary of the grant date, leading to the issuance of 7,500 shares on March 20, 2026.
Does this Marchex Form 4 indicate any remaining derivative awards for the CFO?
The filing’s derivative position summary is empty, and the restricted stock unit line shows zero units following the transaction. This indicates the 7,500-unit award was fully settled into shares, with no remaining units from that specific grant.