Neagle Matthew 4

What Happened

• Matthew Neagle, Chief Operating Officer of Porch Group (PRCH), disposed of 58,978 shares on April 17, 2026. The reported weighted-average price was $7.87 per share, for a total value of approximately $464,287. This was a sale (S) required by the issuer to satisfy tax withholding on performance-based restricted stock units (PRSUs) that vested April 7, 2026.

Key Details

• Transaction date: April 17, 2026; filing date: April 21, 2026 (filed within the usual 2-business-day window).
• Reported price: weighted average $7.87; actual sale prices ranged from $7.56 to $8.25 per share (footnote F2).
• Reason: issuer-mandated sell-to-cover to satisfy tax withholding on vested PRSUs (footnote F1). The issuer intends to settle vested PRSU shares in multiple transactions over ~45 days (Apr 7–May 21, 2026) to reduce market impact.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Reporting details: the filer offers to provide a breakdown of the number of shares sold at each price on request (per footnote F2).

Context

• This was a required sell-to-cover transaction tied to PRSU vesting and tax obligations, not a discretionary open-market sale by the insider. Such tax-withholding sales are common after equity awards and don't necessarily signal the insider’s view of the company’s prospects.