Porch Group, Inc.·4

May 5, 5:48 PM ET

Neagle Matthew 4

4 · Porch Group, Inc. · Filed May 5, 2026

Research Summary

AI-generated summary of this filing

Updated

Porch Group (PRCH) COO Matthew Neagle Sells 64,274 Shares

What Happened

  • Matthew Neagle, COO of Porch Group (PRCH), reported the sale of 64,274 shares on May 1, 2026. The reported weighted-average price was $9.79 per share, for total proceeds of approximately $629,185. This was a sale (sell-to-cover) tied to tax withholding for performance-based restricted stock units (PRSUs) that vested April 7, 2026, not an independent open-market decision to liquidate.

Key Details

  • Transaction date: 2026-05-01; Form 4 filed 2026-05-05 (check SEC file for timeliness).
  • Price: weighted average $9.79; individual sale prices ranged from $9.735 to $10.230 per share.
  • Shares sold: 64,274; Proceeds: ≈ $629,185.
  • Shares owned after transaction: Not disclosed in this filing.
  • Footnotes: (F1) Sale was required by the issuer (sell-to-cover) to satisfy tax withholding on vested PRSUs; issuer plans to settle vested PRSU shares across several transactions from April 7–May 21, 2026 to reduce market impact. (F2) Reported price is a weighted average; the reporting person can provide a breakdown of shares sold at each price on request.

Context

  • Sell-to-cover transactions to satisfy tax withholding on vested equity awards are routine and do not necessarily signal the insider's view on the company's prospects. The issuer's staggered settlement plan is intended to limit market impact.

Insider Transaction Report

Form 4
Period: 2026-05-01
Neagle Matthew
Chief Operating Officer
Transactions
  • Sale

    Common Stock

    [F1][F2]
    2026-05-01$9.79/sh64,274$629,1852,297,724 total
Footnotes (2)
  • [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 $9.735 to $10.230 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.
Signature
/s/Meghan Silver as Attorney-in-fact for Matthew Neagle|2026-05-05

Documents

1 file
  • 4
    wk-form4_1778017697.xmlPrimary

    FORM 4