4//SEC Filing
TULLOCH MAURICE 4
Accession 0001415889-22-006456
CIK 0001784535other
Filed
Jun 9, 8:00 PM ET
Accepted
Jun 10, 6:28 PM ET
Size
11.2 KB
Accession
0001415889-22-006456
Insider Transaction Report
Form 4
TULLOCH MAURICE
Director
Transactions
- Award
Common Stock
2022-06-08+402→ 31,023 total - Tax Payment
Common Stock
2022-06-09$3.49/sh−1,392$4,858→ 29,517 total - Award
Common Stock
2022-06-08+25,707→ 30,621 total - Tax Payment
Common Stock
2022-06-08$3.89/sh−114$443→ 30,909 total
Footnotes (4)
- [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 date of appointment through the date of the Company's 2022 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]This transaction represents shares forfeited to satisfy tax obligations in connection with the vesting of 402 RSUs stock units granted to the Reporting Person on the Pro-Rata Grant Vesting Date.
- [F4]This transaction represents shares forfeited to satisfy tax obligations in connection with the vesting of 4,283 and 631 RSUs granted to the Reporting Person on August 12, 2021 and December 23, 2021, respectively.
Documents
Issuer
Porch Group, Inc.
CIK 0001784535
Entity typeother
Related Parties
1- filerCIK 0001877426
Filing Metadata
- Form type
- 4
- Filed
- Jun 9, 8:00 PM ET
- Accepted
- Jun 10, 6:28 PM ET
- Size
- 11.2 KB