The president and CEO of Marchex, John Keistersold, sold 22,000 shares of common stock under a prearranged trading plan for $9.05 apiece.The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material nonpublic information.
