Neagle Matthew 4

What Happened
Matthew Neagle, Chief Operating Officer of Porch Group (PRCH), disposed of 59,983 shares on May 15, 2026. The filing reports a weighted-average sale price of $10.34 per share for proceeds of approximately $620,254. The sale was 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: 2026-05-15 (Form 4 filed 2026-05-19)
• Shares sold: 59,983; weighted-average price reported: $10.34; total proceeds ≈ $620,254
• Price range: shares sold in multiple transactions at $10.02–$10.79 per share (filing provides weighted average; breakdown available on request)
• Reason: Required by the issuer (sell‑to‑cover) to satisfy tax withholding on vested PRSUs (issuer elected this method; no discretion by the reporting person)
• Shares owned after transaction: Not specified in the provided filing excerpt
• Footnotes: Issuer intends to settle vested PRSUs in several transactions over ~45 days (Apr 7–May 21, 2026) to reduce market impact

Context
A sell‑to‑cover is a routine administrative sale to cover tax withholding when equity awards vest; it does not necessarily indicate a decision to reduce broader holdings or a view on the company’s prospects. The issuer’s planned staggered settlements are intended to limit market impact.