Heimbigner Martin L. 4
4 · Porch Group, Inc. · Filed Apr 20, 2021
Insider Transaction Report
Form 4
Heimbigner Martin L.
Chief Financial Officer
Transactions
- Award
Common Stock
2021-04-16+115→ 48,268 total - Tax Payment
Common Stock
2021-04-16$19.30/sh−6,079$117,325→ 42,189 total
Footnotes (2)
- [F1]Represents additional restricted shares of common stock ("Earnout Shares") of Porch Group, Inc. (the "Issuer") issued pursuant to the Earnout Share adjustment mechanics in the Agreement and Plan of Merger, dated as of July 30, 2020, (as amended, the "Merger Agreement"), by and among the Issuer (f/k/a PropTech Acquisition Corporation), Porch.com, Inc. and the other parties thereto.
- [F2]Represents Earnout Shares forfeited to satisfy tax obligations in connection with the vesting of 16,089 Earnout Shares previously reported on Table I due to Issuer meeting the $18.00 common stock price hurdle set forth in the Merger Agreement and the corresponding vesting of one-third (1/3) of all Earnout Shares issued under the Merger Agreement.