MARCHEX INC (MCHX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 14, 2026

Risk Assessment Details

Potential Dilution: 80.67% of current shares
Recent Dilution: 0% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
4.7M
Potential Supply
3.8M
Additional shares possible
Splits
None
Past 2 years

Summary

MCHX currently has 4.66M outstanding shares. with significant dilution risk as 3.76M authorized shares could dilute existing holders by 80.7%. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 14, 2026

10-Q filing | 4.7M shares outstanding

4.7M 3.8M
Mar 26, 2026

10-K filing | 4.7M shares outstanding

4.7M 3.8M
Nov 14, 2025

10-Q filing | 4.7M shares outstanding

4.7M 3.8M
Nov 13, 2025

8-K filing: Marchex has entered into an Agreement in Principle to acquire 100% of the stock of Archenia, Inc. for consideration including a convertible promissory note and potential future issuance of Class B common stock.

4.7M 3.8M
Aug 13, 2025

10-Q filing | 4.7M shares outstanding

4.7M 3.8M
May 14, 2025

10-Q filing | 4.7M shares outstanding

4.7M 3.8M
Mar 14, 2025

10-K filing | 4.7M shares outstanding

4.7M 3.8M
Nov 07, 2024

8-K filing: On November 6, 2024, Marchex approved stock option grants of 50,000 options to each of its directors as compensation for their annual board service, with an exercise price equal to the closing price of Marchex's Class B common stock on the Grant Date and vesting over two years. Marchex also agreed to pay each independent director $7,500 in cash per quarter for their board service.

4.7M 3.8M
Nov 01, 2024

10-Q filing | 4.7M shares outstanding

4.7M 3.8M
Aug 13, 2024

10-Q filing | 4.7M shares outstanding

4.7M 3.8M
May 14, 2024

10-Q filing | 4.7M shares outstanding

4.7M 3.8M
Apr 01, 2024

10-K filing | 4.7M shares outstanding

4.7M 3.8M
Nov 13, 2023

10-Q filing | 4.7M shares outstanding

4.7M 3.8M
Oct 02, 2023

8-K filing: Marchex granted directors restricted shares and options, and the Compensation Committee approved stock option grants to executive officers. ($0.0M proceeds)

4.7M 3.8M
Aug 04, 2023

10-Q filing | 4.7M shares outstanding

4.7M 3.8M
May 05, 2023

10-Q filing | 4.7M shares outstanding

4.7M 3.8M
Mar 31, 2023

10-K filing | 4.7M shares outstanding

4.7M 3.8M
Jan 26, 2023

8-K filing: Marchex, Inc. approved stock option grants and grants of restricted stock to executive officers under the Corporation's 2021 Stock Incentive Plan effective on January 25, 2023.

4.7M 3.8M
Dec 30, 2022

8-K filing: On December 30, 2022, the Compensation Committee of Marchex, Inc. approved stock option grants and grants of restricted stock under the Corporation's 2021 Stock Incentive Plan to executive officers Russell C. Horowitz and Michael Arends.

4.7M 3.8M
Nov 04, 2022

10-Q filing | 4.7M shares outstanding

4.7M 3.8M
Oct 03, 2022

8-K filing: Marchex granted each director 15,000 restricted shares of Class B common stock at $0.01 per share and 20,000 options at an exercise price of $1.78 per share following the re-election of directors at the 2022 annual meeting of stockholders. ($0.0M proceeds)

4.7M 3.8M
Aug 10, 2022

10-Q filing | 4.7M shares outstanding

4.7M 3.8M
May 13, 2022

10-Q filing | 4.7M shares outstanding

4.7M 3.8M
Mar 29, 2022

10-K filing | 4.7M shares outstanding

4.7M 3.8M
Jan 04, 2022

8-K filing: Marchex, Inc. granted stock options and restricted stock to executive officers under the 2021 Stock Incentive Plan on January 3, 2022.

4.7M 3.8M
Dec 30, 2021

8-K filing: Marchex, Inc. approved stock option grants and grants of restricted stock under the Corporation's 2012 Stock Incentive Plan effective on the Grant Date to executive officers.

4.7M 3.8M
Nov 10, 2021

10-Q filing | 4.7M shares outstanding

4.7M 3.8M
Oct 04, 2021

8-K filing: Marchex granted each of its directors 15,000 restricted shares of Class B common stock at a purchase price of $0.01 per share and 20,000 options at an exercise price of $3.02 per share as compensation for their annual board service. ($0.0M proceeds)

4.7M 3.8M
Aug 12, 2021

10-Q filing | 4.7M shares outstanding

4.7M 3.8M
May 13, 2021

10-Q filing | 4.7M shares outstanding

4.7M 3.8M
Mar 31, 2021

10-K filing | 4.8M shares outstanding

4.8M 3.6M
Jan 04, 2021

8-K filing: Marchex, Inc. granted stock options and restricted stock to executive officers on December 31, 2020, and January 4, 2021, under the Corporation's 2012 Stock Incentive Plan.

4.8M 3.6M
Nov 18, 2020

S-3/A filing: This S-3/A filing registers 3,582,960 shares of Class B common stock for resale by selling stockholders. Marchex will not receive any proceeds from the sale of these shares.

4.8M 3.6M
Nov 09, 2020

S-3 filing: This S-3 filing registers 3,582,960 shares of Class B common stock for resale by selling stockholders.

4.8M 3.6M
Nov 05, 2020

10-Q filing | 4.8M shares outstanding

4.8M 0
Oct 23, 2020

8-K filing: Marchex granted each of its directors 15,000 restricted shares of Class B common stock at a purchase price of $.01 per share and 20,000 options at an exercise price of $1.90 per share. ($0.0M proceeds)

5.1M 0
Oct 08, 2020

8-K filing: Marchex, Inc. announced the results of a joint and equal tender offer with Edenbrook Capital, LLC of up to 10 million shares of Marchex's Class B common stock at $2.15 per share, which expired on October 7, 2020. A total of 10,552,160 shares were properly tendered and not properly withdrawn at $2.15 per share. ($22.7M proceeds)

5.1M 0
Aug 10, 2020

10-Q filing | 4.9M shares outstanding

4.9M 0
Aug 10, 2020

8-K filing: Marchex, Inc. entered into an Asset Purchase Agreement with Archenia, Inc. for the sale of its mobile advertising network and related business operations for $2.25 million in cash, contingent consideration, shares of Class B common stock in the Purchaser equal to a 10% equity interest at closing, and the cancellation of Company stock options for 1.5 million shares held by Russell C. Horowitz and Michael Arends.

5.1M 0
May 19, 2020

10-Q filing | 5.1M shares outstanding

5.1M 0
Mar 13, 2020

10-K filing | 5.1M shares outstanding

5.1M 0
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