Neagle Matthew 4

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.