Neagle Matthew 4

What Happened
Matthew Neagle, Chief Operating Officer of Porch Group (PRCH), sold 60,240 shares on May 8, 2026 for a weighted average price of $11.12 per share, generating approximately $669,628 in proceeds. This was a sale (not a purchase) executed as a sell-to-cover to satisfy tax withholding obligations related to performance-based restricted stock units (PRSUs) that vested April 7, 2026.

Key Details

• Transaction date: 2026-05-08; weighted average sale price reported $11.12; individual sale prices ranged from $10.88 to $11.34.
• Total reported proceeds: ~$669,628.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Reason: Issuer-required sell-to-cover for tax withholding on vested PRSUs (per filing footnote). Issuer intends to settle vested PRSU shares over multiple transactions between April 7 and May 21, 2026 to reduce market impact.
• Price reporting: The $11.12 figure is a weighted average; the filer will provide per-price details on request (per footnote).
• Filing timeliness: Report filed 2026-05-12 for a 2026-05-08 transaction; this appears to meet the standard two-business-day Form 4 filing deadline.

Context
This transaction was a routine, issuer-directed sell-to-cover to meet tax obligations on vested equity rather than a discretionary open-market sell motivated by trading views. Such sell-to-cover sales are common when equity awards vest and do not necessarily indicate insider sentiment about the company’s stock.