X0306 4 2020-09-18 0001224133 MARCHEX INC MCHX 0001666682 Edenbrook Capital, LLC 116 RADIO CIRCLE SUITE 202 MOUNT KISCO NY 10549 0 0 1 0 0001665975 EDENBROOK LONG ONLY VALUE FUND, LP 116 RADIO CIRCLE SUITE 202 MOUNT KISCO NY 10549 0 0 1 0 0001712127 Brolin Jonathan 116 RADIO CIRCLE SUITE 202 MOUNT KISCO NY 10549 0 0 1 0 Class B common stock ('Common Stock') 2020-09-18 4 X 0 24000 2.75 A 1032663 I See footnotes Class B common stock 2020-09-18 4 X 0 5600 3.50 A 1038263 I See footnotes Class B common stock 2020-09-18 4 X 0 176000 2.75 A 6964133 I See footnotes Class B Common stock 2020-09-18 4 X 0 34400 3.50 A 6998533 I See footnotes Put Option (Obligation to buy) 2.50 2020-02-13 2020-12-20 Common Stock 220000 2200 I See footnote Put Option (Obligation to buy) 2.50 2020-02-13 2020-12-20 Common Stock 30000 300 I See footnote Put Option (Obligation to buy) 2.75 2020-09-18 2020-09-18 4 X 0 1760 .24 D 2020-01-31 2020-09-18 Common Stock 176000 0 I See footnote Put Option (Obligation to buy) 2.75 2020-09-18 2020-09-18 4 X 0 240 .23 D 2020-01-31 2020-09-18 Common Stock 24000 0 I See footnote Put Option (Obligation to buy) 3.50 2020-09-18 2020-09-18 4 X 0 344 .50 D 2019-12-16 2020-09-18 Common Stock 34400 0 I See footnote Put Option (Obligation to buy) 3.50 2020-09-18 2020-09-18 4 X 0 56 .50 D 2019-12-16 2020-09-18 Common Stock 5600 0 I See footnote These securities are held in the account of Edenbrook Long Only Value Fund, LP, a private fund managed by Edenbrook Capital, LLC and may be deemed to be beneficially owned by Edenbrook Capital, LLC by virtue of its role as the investment manger of such private fund. In addition, Jonathan Brolin may be deemed to be a beneficial owner of such securities by virtue of his role as managing member of Edenbrook Capital, LLC. These securities are held in the account of a private fund managed by Edenbrook Capital, LLC and may be deemed to be beneficially owned by Edenbrook Capital, LLC by virtue of its role as the investment manager of such private fund. In addition, Jonathan Brolin may be deemed to be a beneficial owner of such securities by virtue of his role as managing member of Edenbrook Capital, LLC. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. As previously disclosed, Edenbrook Long Only Value Fund, LP wrote 2104 put option contracts expiring in September 2020 which provide that Edenbrook Long Only Value Fund, LP will be required to purchase shares of common stock at the stated strike price if the counterparty exercises such put options. The 2104 September put option contracts were exercised on September 18, 2020 by the counterparty. As previously disclosed, a private fund managed by Edenbrook Capital, LLC wrote 296 put option contracts expiring in September 2020 which provide that the private fund will be required to purchase shares of common stock at the stated strike price if the counterparty exercises such put options. The 296 September put option contracts were exercised on September 18, 2020 by the counterparty. Put options (obligations to buy) were exercised by the counterparty resulting in Edenbrook Long Only Value Fund, LP and the private fund being required to purchase additional shares. The purchase price of the shares represents the strike price of the contract. As previously disclosed, a private fund managed by Edenbrook Capital, LLC wrote 300 put option contracts expiring in December 2020 which provides that the private fund will be required to purchase shares of common stock at the stated strike price if the counterparty exercises such put option. As previously disclosed, Edenbrook Long Only Value Fund, LP wrote 2200 put option contracts expiring in December 2020 which provide that Edenbrook Long Only Value Fund, LP will be required to purchase shares of common stock at the stated strike price if the counterparty exercises such put option. Edenbrook Capital, LLC; By: /s/ Jonathan Brolin, Managing Member 2020-09-22 /s/ Jonathan Brolin 2020-09-22 Edenbrook Long Only Value Fund, LP, By: /s/ Jonathan Brolin, Managing Member of Edenbrook Capital Partners, LLC 2020-09-22