4//SEC Filing
Heimbigner Martin L. 4
Accession 0001140361-20-029850
CIK 0001784535other
Filed
Dec 28, 7:00 PM ET
Accepted
Dec 29, 9:58 PM ET
Size
9.2 KB
Accession
0001140361-20-029850
Insider Transaction Report
Form 4
Heimbigner Martin L.
Chief Financial Officer
Transactions
- Award
Stock Option (right to buy)
2020-12-23+234,880→ 234,880 totalExercise: $3.30Exp: 2030-07-28→ Common Stock (234,880 underlying) - Award
Stock Option (right to buy)
2020-12-23+234,880→ 234,880 totalExercise: $3.30Exp: 2030-07-28→ Common Stock (234,880 underlying) - Other
Common Stock
2020-12-23+48,153→ 48,153 total
Footnotes (3)
- [F1]Vested earn out shares granted in connection with Porch Group, Inc.'s ("Issuer") merger, subject to certain clawback provisions.
- [F2]This option vests 25% on the first anniversary of the vesting commencement date and in subsequent 1/48th increments for each subsequent month of continuous employment. Of the then-unvested shares subject to the option, 50% will vest immediately upon a change in control, with the remaining unvested portion of the option vesting (i) in the event of a qualifying termination of employment within 12 months after such change in control, or (ii) in the event the acquiror does not assume Issuer's rights and obligations under the option.
- [F3]This option vests in 4 successive, equal annual installments beginning on December 23, 2020.
Documents
Issuer
Porch Group, Inc.
CIK 0001784535
Entity typeother
Related Parties
1- filerCIK 0001623581
Filing Metadata
- Form type
- 4
- Filed
- Dec 28, 7:00 PM ET
- Accepted
- Dec 29, 9:58 PM ET
- Size
- 9.2 KB