Ehrlichman Matt 4

What Happened

• Matt Ehrlichman, reported as a 10% owner of Porch Group (PRCH), disposed of 116,303 shares on May 8, 2026. The reported weighted-average sale price was $11.12 per share, for total proceeds of approximately $1,292,824.
• The sale was a required sell-to-cover to satisfy tax withholding related to performance-based restricted stock units (PRSUs) that vested April 7, 2026; the issuer directed this method and the reporting person had no discretion in the sale.

Key Details

• Transaction date: May 8, 2026. Weighted-average price: $11.12; price range across multiple trades: $10.88–$11.34. Total proceeds: ~$1,292,824. (F2)
• Reason: Required by issuer to satisfy tax withholding on vested PRSUs; issuer plans to settle vested shares in several transactions over ~45 days (April 7–May 21) to reduce market impact. (F1)
• Shares owned after the transaction: not specified in the filing.
• Additional note: Filing shows issuer common stock held by West Equities, LLC, over which Ehrlichman has sole voting and dispositive power. (F3)
• Filing date: May 12, 2026, reporting the May 8 transaction (no late-filing flag is indicated in the filing itself).

Context

• This was a sale to cover tax withholding on vested equity (a routine administrative transaction), not a discretionary open-market sale that necessarily signals a change in insider view.
• As a 10% owner, Ehrlichman is a significant shareholder; such filings can reflect institutional/ownership-level transactions rather than typical executive trading.