Ehrlichman Matt 4

What Happened

• Matt Ehrlichman, reported as a 10% owner, sold 121,242 shares of Porch Group common stock on April 21, 2026. The weighted-average sale price was $8.12, resulting in proceeds of approximately $983,952. This was a sale (routine sell-to-cover for tax withholding), not an opportunistic open-market purchase.

Key Details

• Transaction date: 2026-04-21; Form 4 filed: 2026-04-23.
• Shares sold: 121,242; weighted-average price: $8.12; proceeds ≈ $983,952.
• Price range: individual trades between $7.92 and $8.48 per share (reported as a weighted average).
• Reason: Sale was required by the issuer (no discretion by the reporting person) as the sell-to-cover method to satisfy tax withholding on performance-based RSUs that vested April 7, 2026. Issuer plans to settle vested PRSUs in multiple transactions from April 7 to May 21, 2026 to reduce market impact.
• Shares owned after transaction: not specified in the filing. The filing notes issuer common stock is held by West Equities, LLC, over which Ehrlichman has sole voting and dispositive power.
• Timeliness: Form 4 was filed two days after the transaction (Apr 21 → Apr 23), consistent with standard reporting deadlines.

Context

• This sale appears procedural (tax withholding on vested PRSUs) rather than a discretionary divestiture; such sell-to-cover transactions are common when equity awards vest. As a reported 10% owner, Ehrlichman's holdings are reported at the ownership level (via West Equities, LLC), not as executive compensation trading.