Neagle Matthew 4

What Happened

• Matthew Neagle, COO of Porch Group, sold 59,901 shares of PRCH on April 28, 2026. The weighted-average sale price reported was $8.11 per share, for aggregate proceeds of approximately $485,821. The shares were sold in multiple transactions at prices ranging from $7.69 to $8.45.
• This sale was a required sell-to-cover to satisfy tax withholding on performance-based restricted stock units (PRSUs) that vested on April 7, 2026, rather than a discretionary open-market divestiture. Such sell-to-cover transactions are common when shares vest and taxes are due.

Key Details

• Transaction date: April 28, 2026; Form 4 filed April 30, 2026 (appears timely).
• Reported weighted-average price: $8.11; transaction prices ranged $7.69–$8.45 (multiple trades).
• Shares sold: 59,901; proceeds ≈ $485,821.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 — sale was required by the issuer as the sole method to satisfy tax withholding for vested PRSUs; issuer plans to settle vested PRSU shares across several transactions from Apr 7 to May 21, 2026 to reduce market impact. F2 — weighted-average price reported; reporting person can provide per-trade price breakdown on request.
• Transaction code: S (Sale); no indication of a 10b5-1 plan or late filing in this record.

Context

• This was a tax-withholding sale tied to the settlement of vested PRSUs, not an independent buy/sell decision by the insider. For retail investors, purchases typically carry more signal than routine sell-to-cover transactions, which are administrative steps following equity vesting.