4//SEC Filing
Saade Javier 4
Accession 0001104659-21-080111
CIK 0001784535other
Filed
Jun 10, 8:00 PM ET
Accepted
Jun 11, 4:07 PM ET
Size
14.1 KB
Accession
0001104659-21-080111
Insider Transaction Report
Form 4
Saade Javier
Director
Transactions
- Award
Common Stock
2021-06-09+1,557→ 7,356 total - Award
Common Stock
2021-06-09+4,763→ 5,263 total - Award
Common Stock
2021-06-09+536→ 5,799 total - Exercise/Conversion
Common Stock
2021-06-09+2,448→ 9,804 total - Exercise/Conversion
Restricted Stock Units (RSU)
2021-06-09−2,448→ 0 total→ Common Stock (2,448 underlying)
Footnotes (5)
- [F1]Represents an annual grant of restricted stock units ("RSUs") for Board and Committee service under the Porch Group, Inc. Non-Employee Director Compensation Policy. Each RSU represents a right to receive one share of Porch Group, Inc. (the "Company") common stock upon vesting. The shares underlying the RSUs will vest on the one-year anniversary of the grant date ("Annual Grant Vesting Date"), subject to the reporting person remaining a member of the Company's board of directors through the Annual Grant Vesting Date. The shares underlying the RSUs shall have resale restrictions pursuant to which two-thirds of the vested shares underlying the RSUs may not be sold after the Annual Grant Vesting Date. The resale restrictions expire in equal increments on the first and second anniversaries of the Annual Grant Vesting Date.
- [F2]Represents a pro rata annual grant (from December 23, 2021 through the date of the Company's 2021 annual meeting of stockholders (the "Annual Meeting")) of RSUs for Committee service under the Porch Group, Inc. Non-Employee Director Compensation Policy. Each RSU represents a right to receive one share of the Company's common stock upon vesting. The shares underlying the RSUs were immediately vested on the grant date ("Pro-Rata Grant Vesting Date"). The shares underlying the RSUs shall have resale restrictions pursuant to which two-thirds of the vested shares underlying the RSUs may not be sold after the Pro-Rata Grant Vesting Date. The resale restrictions expire in equal increments on the first and second anniversaries of the Pro-Rata Grant Vesting Date.
- [F3]Represents an annual grant of RSUs for serving as the Lead Independent Director on the Company's Board pursuant to the Porch Group, Inc. Non-Employee Director Compensation Policy. Each RSU represents a right to receive one share of the Company's common stock upon vesting. The shares underlying the RSUs will vest on the Annual Grant Vesting Date, subject to the reporting person remaining a member of the Company's board of directors through the Annual Grant Vesting Date. The shares underlying the RSUs shall have resale restrictions pursuant to which two-thirds of the vested shares underlying the RSUs may not be sold after the Annual Grant Vesting Date. The resale restrictions expire in equal increments on the first and second anniversaries of the Annual Grant Vesting Date.
- [F4]Previously issued RSUs granted for Board and Committee service under the Porch Group, Inc. Non-Employee Director Compensation Policy converted into common stock on a one-for-one basis.
- [F5]On March 23, 2021, the reporting person was granted 2,448 RSUs which vested on the date of the Annual Meeting.
Documents
Issuer
Porch Group, Inc.
CIK 0001784535
Entity typeother
Related Parties
1- filerCIK 0001837472
Filing Metadata
- Form type
- 4
- Filed
- Jun 10, 8:00 PM ET
- Accepted
- Jun 11, 4:07 PM ET
- Size
- 14.1 KB