Form 8-K Filing by Marchex, Inc.

Marchex, Inc. has entered into a Sublease Agreement with RentSpree, Inc. for office space located at 1200 5th Avenue, Suite 1300, Seattle, Washington. The sublease term is from May 1, 2026, to September 28, 2027, covering 12,300 square feet. RentSpree will pay approximately $337,000 in fixed monthly rent over the term, with the rate increasing slightly after the first 12 months. Due to this sublease, Marchex determined that the carrying value of its right-of-use asset for the office space exceeds its fair value. Consequently, the company will record a non-cash impairment charge of approximately $203,000 in the first quarter of 2026. This charge will be reflected in the company's financial statements for the quarter ending March 31, 2026. The final impairment amount may vary as the analysis is completed.