Porch Group, Inc.|4Dec 29, 9:58 PM ET

Heimbigner Martin L. 4

4 · Porch Group, Inc. · Filed Dec 29, 2020

Form 4

Period: 2020-12-23

Chief Financial Officer

Transactions

Award
Stock Option (right to buy)
2020-12-23+234,880→ 234,880 total
Exercise: $3.30Exp: 2030-07-28→ Common Stock (234,880 underlying)
Award
Stock Option (right to buy)
2020-12-23+234,880→ 234,880 total
Exercise: $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

1 file