Neagle Matthew 4
4 · Porch Group, Inc. · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
Porch Group COO Matthew Neagle Sells 62,827 Shares
What Happened Matthew Neagle, Chief Operating Officer of Porch Group, sold 62,827 shares of PRCH on April 9, 2026. The sale totaled roughly $449,314 at a weighted-average price of $7.15 per share (individual trade prices ranged $6.80–$7.77). This was a sale (not a purchase) and was executed as a sell-to-cover to satisfy tax withholding on vested performance-based restricted stock units (PRSUs).
Key Details
- Transaction date: April 9, 2026; Form 4 filed April 10, 2026 (timely filing).
- Shares sold: 62,827; weighted-average price reported: $7.15; total proceeds ≈ $449,314.
- Price range: $6.80 to $7.77 across multiple transactions; reporting person can provide per-trade breakdown on request.
- Reason/footnote: Sale required by the issuer (no discretion by the reporting person) as the sole sell-to-cover method for tax withholding on PRSUs that vested April 7, 2026. Issuer plans to settle vested shares in several transactions from April 7 to May 21, 2026 to reduce market impact.
- Shares owned after transaction: Not specified in the provided filing excerpt.
Context This sale was a routine tax-withholding sale tied to PRSU vesting and was mandated by the company rather than a discretionary insider sell. Because the issuer plans staggered settlements over ~45 days, additional sell-to-cover transactions from PRSU settlements may occur during that window.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-04-09$7.15/sh−62,827$449,314→ 2,691,256 total
Footnotes (2)
- [F1]This sale was required by the Issuer at its election (without any discretion by the Reporting Person) under a sell-to-cover method as the sole means for plan participants to satisfy tax withholding obligations in connection with the settlement of performance-based restricted stock unit ("PRSU") awards that vested on April 7, 2026. As previously disclosed, the Issuer has confirmed its intent to settle vested shares of Common Stock for these PRSU awards in several transactions over approximately 45 days, between April 7, 2026 and May 21, 2026 to reduce market impact.
- [F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.80 to $7.77 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.