Neagle Matthew 4
4 · Porch Group, Inc. · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Porch Group (PRCH) COO Matthew Neagle Sells 8,446 Shares
What Happened Matthew Neagle, Chief Operating Officer of Porch Group (PRCH), reported the disposition of 8,446 shares on April 2, 2026. The shares were sold for a weighted average price of $6.98 per share, generating proceeds of approximately $58,931. The sale was executed to satisfy tax-withholding obligations tied to RSUs that vested on April 1, 2026.
Key Details
- Transaction date: April 2, 2026; filed April 3, 2026 (timely Form 4 filing).
- Transaction type: Sale (code S) performed as a sell-to-cover for tax withholding (issuer-elected; no discretion by the reporting person).
- Price: reported weighted average $6.98; sales occurred at prices between $6.92 and $6.98 (footnote discloses multiple tranches).
- Reason: Tax withholding on RSUs from a May 20, 2022 grant that completed its 48‑month vesting period (fully vested as of April 1, 2026).
- Shares owned after transaction: Not specified in this filing.
Context This was a routine sell-to-cover tied to the settlement of vested restricted stock units, not a discretionary open-market sale by the insider. Such transactions are generally administrative (to meet tax obligations) rather than direct signals about the insider’s view of the stock.
Insider Transaction Report
Form 4
Neagle Matthew
Chief Operating Officer
Transactions
- Sale
Common Stock
[F1][F2]2026-04-02$6.98/sh−8,446$58,931→ 2,626,286 total
Footnotes (2)
- [F1]This sale was required by the Issuer at its election (without any discretion by the Reporting Person), and represents shares sold to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units ("RSUs") that vested on April 1, 2026 on the semi-annual vesting of the Reporting Person's May 20, 2022 RSU grant. The Issuer has adopted this sell-to-cover method as the sole means for plan participants to satisfy tax withholding obligations in connection with the settlement of awards. The 48-month vesting period, which commenced on April 1, 2022, has concluded for this award, which is now fully vested.
- [F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.92 to $6.98 per share. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Signature
/s/Meghan Silver as Attorney-in-fact for Matthew Neagle|2026-04-03