5‐Coordinated methoxybenzylidene complexes M(=NAr)(=CH−C6H4−o‐OMe)(OtBuF3)2 (Ar=2,6‐iPr2C6H3; tBuF3=CMe2(CF3)) of Mo (1mMo) and W (1mW) were synthesized by cross‐metathesis from the corresponding neophylidene/neopentylidene precursors and o‐methoxystyrene. 1mMo and 1mW were grafted onto the surface of silica partially dehydroxylated at 700 °C to give well‐defined silica‐supported alkylidenes (≡SiO)M(=NAr)(=CH−C6H4−o‐OMe)(OtBuF3) (M=Mo (1Mo), W (1W)). Supported methoxybenzylidene complexes were tested in metathesis of cis‐4‐nonene, 1‐nonene, and ethyl oleate, and compared to their molecular precursors and supported classical analogs (≡SiO)M(=NAr)(=CHCMe2R)(OtBuF3) (M=Mo, R=Ph (2Mo), M=W, R=Me (2W)). Both grafted complexes 1Mo and 1W show significantly better performance as compared to their molecular precursors 1mMo and 1mW but are less efficient than the classical 4‐coordinated alkylidenes 2Mo and 2W. Noteworthy, both 1Mo and 1W can reach equilibrium conversion in metathesis of cis‐4‐nonene at catalyst loadings as low as 50 ppm.