Neagle Matthew 4

What Happened

• Matthew Neagle, Chief Operating Officer of Porch Group, sold 60,802 shares on 2026-05-05 at a weighted average price of $10.43 for total proceeds of approximately $634,214. This was a sale (not a purchase) and was executed to satisfy tax withholding obligations in connection with vested performance-based restricted stock units (PRSUs).

Key Details

• Transaction date: 2026-05-05; Filing date: 2026-05-07 (filed timely).
• Price: weighted average $10.43; actual sale prices ranged from $10.12 to $10.78 per share (shares sold in multiple transactions).
• Reason: Required sell-to-cover at issuer's election to satisfy tax withholding for PRSUs that vested on April 7, 2026 (issuer is settling vested shares over ~45 days to reduce market impact).
• Shares owned after transaction: Not specified in the supplied filing excerpt.
• Footnotes: F1 — sale was mandatory for tax withholding; F2 — weighted average reported, detailed per-price breakdown available on request.

Context

• This was a mandatory sell-to-cover tied to PRSU settlement rather than an independent, discretionary sale, so it’s a routine, administrative transaction rather than an explicit signal about the COO’s view of the stock. The issuer has indicated it will settle vested PRSUs in several transactions through May 21, 2026 to limit market impact.