Neagle Matthew 4
4 · Porch Group, Inc. · Filed Apr 16, 2026
Research Summary
AI-generated summary of this filing
Porch Group (PRCH) COO Matthew Neagle Sells Shares
What Happened
- Matthew Neagle, Chief Operating Officer of Porch Group, sold a total of 83,599 shares on April 14, 2026. The filing reports a weighted average sale price of $6.84 per share (range $6.61–$7.06), with proceeds of $415,192 from 60,681 shares and $156,810 from 22,918 shares, totaling approximately $572,002. These were sales (not purchases).
Key Details
- Transaction date: 2026-04-14 (filed 2026-04-16; timely filed).
- Shares sold: 60,681 and 22,918 (total 83,599).
- Reported weighted average price: $6.84; reported price range: $6.61–$7.06. The filer will provide a per-price breakdown on request (Footnote F2).
- Total proceeds: ~$572,002.
- Shares owned after transaction: Not disclosed in this Form 4.
- Notable footnotes: Sales were required by the issuer as sell-to-cover tax withholding in connection with PRSU awards that vested April 7, 2026 (Footnotes F1, F3). The issuer plans to settle vested PRSU shares in multiple transactions over ~45 days (Apr 7–May 21) to reduce market impact.
Context
- These sales were made to satisfy tax-withholding obligations on vested performance-based restricted stock units (PRSUs) and were executed at the issuer’s election (no discretion by the reporting person). Such sell-to-cover transactions are routine to cover taxes and do not necessarily indicate the insider’s view on the company’s outlook.
Insider Transaction Report
Form 4
Neagle Matthew
Chief Operating Officer
Transactions
- Sale
Common Stock
[F1][F2]2026-04-14$6.84/sh−60,681$415,192→ 2,630,575 total - Sale
Common Stock
[F3][F2]2026-04-14$6.84/sh−22,918$156,810→ 2,607,657 total
Footnotes (3)
- [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 $6.61 to $7.06 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.
- [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 settlement of the April 7, 2026 common stock grant, granted at the determination of the Compensation Committee for the portion of achieving in excess of target performance for the annual bonus program for 2025. 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.
Signature
/s/Meghan Silver as Attorney-in-fact for Matthew Neagle|2026-04-16