Whelan Margaret M. 4
4 · Porch Group, Inc. · Filed Dec 29, 2020
Insider Transaction Report
Form 4
Whelan Margaret M.
Director
Transactions
- Exercise/Conversion
Common Stock
2020-12-23+25,000→ 25,000 total - Other
Common Stock
2020-12-23+10,682→ 10,682 total - Exercise/Conversion
Class B Common Stock
2020-12-23−25,000→ 0 total→ Common Stock (25,000 underlying) - Other
Warrants
2020-12-23+25,000→ 25,000 totalExercise: $11.50From: 2021-01-22Exp: 2025-12-23→ Common Stock (25,000 underlying)
Footnotes (2)
- [F1]As described in Porch Group Inc.'s ("Issuer") registration statement on Form S-1 (File No. 333-234512) under the heading "Description of Securities-Founder Shares," the shares of Class B common stock of the Issuer were automatically converted into shares of Class A common stock at the time of the registrant's initial business combination on a one-for-one basis, subject to certain adjustments described therein and have no expiration date. In connection with the closing of the registrant's initial business combination on December 23, 2020, the Issuer amended and restated its certificate of incorporation and all outstanding shares of Class A common stock were reclassified as shares of Common Stock of the Issuer.
- [F2]Represents the receipt of the Reporting Person's pro rata distribution of the shares of Common Stock and warrants of the Issuer held by HC PropTech Partners I LLC.