Ehrlichman Matt 4

What Happened

• Matt Ehrlichman, a reported 10% owner of Porch Group, sold 122,881 shares on May 12, 2026 in transactions totaling approximately $1,293,310 (weighted average price $10.52). The filing reports the sale (code S) as a disposition of common stock.

Key Details

• Transaction date: 2026-05-12; Form 4 filed: 2026-05-14 (timely).
• Shares sold: 122,881; weighted average price reported: $10.52; total proceeds: $1,293,310.
• Price range: shares were sold in multiple trades at $10.225 to $10.970 per share (reporting person will provide per-price breakdown on request).
• Reason/footnote: sale was required by the issuer (no discretion by the reporting person) as a sell-to-cover method to satisfy tax withholding on performance-based RSUs that vested April 7, 2026. Issuer is settling vested shares in several transactions between April 7 and May 21, 2026 to reduce market impact.
• Ownership vehicle: issuer common stock held by West Equities, LLC, over which Ehrlichman has sole voting and dispositive power (per footnote).
• Shares owned after transaction: not specified in the filing.

Context

• This was a company-directed sell-to-cover for tax withholding on vested PRSUs, not an independent open-market reduction of a stake; such transactions are typically routine and driven by tax settlement mechanics rather than a personal trading decision. As a 10% owner, Ehrlichman's trades are reported under Section 16 rules (major shareholder reporting), which differ from standard employee/executive signals.