Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.
Market Information
Our Class B common stock has been traded on the NASDAQ Stock Market under the symbol “MCHX” since March 31, 2004 when we completed our initial public offering at a price of $6.50 per share. Prior to that time, there was no public market for our Class B common stock. The following table sets forth, for the periods indicated, the high and low market prices for Marchex’s Class B common stock as reported on the NASDAQ:
High
Low
Year Ended December 31, 2025
First Quarter
$
2.15
$
1.63
Second Quarter
2.31
1.26
Third Quarter
2.27
1.37
Fourth Quarter
2.04
1.32
Year Ended December 31, 2024
First Quarter
$
1.49
$
1.11
Second Quarter
1.75
1.20
Third Quarter
2.16
1.36
Fourth Quarter
2.40
1.60
Holders
As of March 19, 2026, there was 1 shareholder of record of our Class A common stock and 32 shareholders of record of our Class B common stock, respectively. Since many of our shares of Class B common stock are held by brokers and other institutions on behalf of shareholders, we are unable to estimate the total number of shareholders represented by these record holders.
Issuer Purchases of Equity Securities
In May 2025, the Company established the 2025 Repurchase Program, which supersedes and replaces any prior repurchase programs, and authorized the Company to repurchase up to 3,000,000 shares in the aggregate of the Company’s Class B common stock. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, capital availability, and other market conditions. During the fiscal year 2025, we did not have any share repurchases under this program or any superseded program and 3,000,000 of Class B common shares remain available for purchase under the plan.
ITEM 6. SELECTED FINANCIAL DATA.
As a smaller reporting company under SEC Regulations, we are not required to provide this information.
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