Neagle Matthew 4
4 · Porch Group, Inc. · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
Porch Group (PRCH) COO Matthew Neagle Receives RSUs, Sells Shares
What Happened
Matthew Neagle, Chief Operating Officer of Porch Group (PRCH), received two awards of restricted stock units (RSUs) totaling 156,622 RSUs (104,592 and 52,030) on April 7, 2026. On the same date he disposed of 28,825 shares in three required sell-to-cover transactions at a weighted average price reported as $7.19 (range $7.19–$7.27), generating roughly $207,221 in proceeds. The RSU grants are awards (no cash purchase) that convert to one share per vested RSU.
Key Details
- Transaction date: April 7, 2026; Form 4 filed April 9, 2026 (timely filing).
- Awards: 104,592 RSUs (F1) and 52,030 shares granted (F2). Each RSU represents one share upon vesting; acquisition price reported as $0.00.
- Sales (sell-to-cover): 9,765 shares ($70,200), 10,359 shares ($74,470), and 8,701 shares ($62,551); total 28,825 shares sold for ~$207,221. Reported price is a weighted average $7.19; individual sales ranged $7.19–$7.27 (F4).
- Reason for sales: Required sell-to-cover to satisfy tax withholding on RSUs that vested in early April 2026 (company-elected method; no discretion by Neagle) (F3–F6).
- Vesting: The 2026 RSU grant (F1) vests 25% on April 7, 2027, then ratably every six months over the remaining 36 months (48-month schedule total), subject to continued service.
- Shares owned after the transactions: Not specified in the filing.
Context
- These were awards and mandatory sell-to-cover sales for tax withholding—not open discretionary insider selling. Such sell-to-cover transactions are routine when RSUs vest and do not necessarily signal the insider’s view on the stock.
- Retail investors should note purchases (out-of-pocket buys) are typically more informative than awards or required withholding sales; this filing documents compensation-related awards and routine tax-related disposals.
Insider Transaction Report
Form 4
Neagle Matthew
Chief Operating Officer
Transactions
- Award
Common Stock
[F1]2026-04-07+104,592→ 2,730,878 total - Award
Common Stock
[F2]2026-04-07+52,030→ 2,782,908 total - Sale
Common Stock
[F3][F4]2026-04-07$7.19/sh−9,765$70,200→ 2,773,143 total - Sale
Common Stock
[F5][F4]2026-04-07$7.19/sh−10,359$74,470→ 2,762,784 total - Sale
Common Stock
[F6][F4]2026-04-07$7.19/sh−8,701$62,551→ 2,754,083 total
Footnotes (6)
- [F1]Represents a grant of restricted stock units ("RSUs") under the Company's 2026 long-term equity incentive program. Each RSU represents a right to receive one share of the Issuer's common stock upon vesting. 25% of the RSUs shall vest on April 7, 2027, then 1/6th of the remaining RSUs shall vest every 6 months for the remaining 36 months of the 48-month vesting period, subject to the Reporting Person's employment or service with the Issuer as contemplated in the RSU Agreement.
- [F2]At the determination of the Compensation Committee, represents a grant of the Issuer's common stock for the portion of achieving in excess of target performance for the annual bonus program for 2025.
- [F3]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 4, 2026 on the semi-annual vesting of the Reporting Person's April 4, 2025 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 RSUs will continue to vest ratably every 6 months over the remaining 48-month vesting period which commenced on April 4, 2025, subject to the Reporting Person's continuous employment or service with the Issuer.
- [F4]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.19 to $7.27 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.
- [F5]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 5, 2026 on the semi-annual vesting of the Reporting Person's April 7, 2023 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 RSUs will continue to vest ratably every 6 months over the remaining 48-month vesting period which commenced on April 5, 2023, subject to the Reporting Person's continuous employment or service with the Issuer.
- [F6]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 5, 2026 on the semi-annual vesting of the Reporting Person's April 5, 2024 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 RSUs will continue to vest ratably every 6 months over the remaining 48-month vesting period which commenced on April 5, 2024, subject to the Reporting Person's continuous employment or service with the Issuer.
Signature
/s/Meghan Silver as Attorney-in-fact for Matthew Neagle|2026-04-09