Neagle Matthew 4

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.