Form 4: Marchex Director Dennis Cline Reports Gift of Class B Common Stock
SEC Filing
Director Dennis Cline reported a gift of Marchex Inc. Class B Common Stock to an immediate family member on August 16, 2024.
Summary
- On August 16, 2024, Dennis Cline, a director of Marchex Inc. (MCHX), reported a transaction involving Class B Common Stock.
- Cline gifted 18,500 shares of Class B Common Stock to an immediate family member.
- The transaction was reported on a Form 4 filing with the SEC.
- Following the transaction, Cline directly owns 108,260 shares of Class B Common Stock.
- Cline also indirectly owns 28,500 shares through DMC Investments, LLC and 10,000 shares through a trust for Colburn Cline.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 08/16/2024 | Date of the gift transaction of Class B Common Stock. |
| 08/20/2024 | Date of signature on the Form 4 filing. |
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