Neagle Matthew 4

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.