Michael A. Arends

Michael A. Arends is a declared insider of Marchex Inc (chief executive), with filings sourced from SEC (Form 4). The record holds 61 filings, for trades running from 21 April 2016 to 28 September 2023.

Every open-market trade on record is a purchase: 51 purchases worth €13k, and no sale. Open-market purchases are the filings investors watch most closely, because the insider pays for the shares out of pocket. The rest of the record consists of 10 share grants.

Half of the purchases are above €229 and half below. Clusters matter here: 16 out of 51 purchases overlapped with buying by a colleague within 30 days. Purchases made close together by different insiders form what is called a cluster. Ninety days after publication, 51 purchases show a median change of +4.8%, with the price up in 57% of them. They describe history only and say nothing certain about the share price ahead.

On 2 October 2023 came the latest disclosure, a share grant for €142 in Marchex Inc. The clock since the last published purchase (12 December 2022) now reads 1,412 days. Filings reach the SEC (Form 4) feed a median of 2 days after the trade. The legal deadline for a Form 4 is two business days after the transaction. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.