Neagle Matthew 4

What Happened
Matthew Neagle, Chief Operating Officer of Porch Group, sold 63,979 shares of PRCH on April 24, 2026. The reported weighted-average sale price was $7.68 per share, for proceeds of about $491,493. This was a sale (not a purchase) and — per the filing — was a required sell-to-cover to satisfy tax withholding on vested performance-based restricted stock units (PRSUs), not an independent discretionary sale.

Key Details

• Transaction date: April 24, 2026. Form 4 filed April 28, 2026 (timely under SEC Form 4 rules).
• Price: weighted average $7.68; individual trades ranged from $7.41 to $8.15 per share (filing offers to provide per-trade breakdown on request).
• Shares sold: 63,979; proceeds ≈ $491,493.
• Reason/footnote: Sale was required by the issuer under a sell-to-cover method to satisfy tax withholding on PRSUs that vested April 7, 2026. Issuer plans to settle vested PRSU shares in multiple transactions over ~45 days (April 7–May 21) to reduce market impact.
• Shares owned after transaction: not specified in the provided filing.

Context
Sell-to-cover transactions are common when restricted stock or RSUs vest and taxes must be paid; they are generally considered routine administrative sales rather than a directional bet on the stock. The filing discloses the issuer-directed nature of the sale and the staged settlement plan meant to limit market impact.