Neagle Matthew 4
4 · Porch Group, Inc. · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
Porch Group (PRCH) COO Matthew Neagle Sells 62,344 Shares
What Happened
Matthew Neagle, Chief Operating Officer of Porch Group (PRCH), reported a sale of 62,344 shares on 2026-05-20. The transaction was reported at a weighted average price of $9.78 per share, totaling approximately $609,462. This was a sale (S) and, per the filing, was executed to satisfy tax withholding obligations rather than a discretionary open-market liquidation.
Key Details
- Transaction date: 2026-05-20; weighted average price reported: $9.78/share.
- Price range: shares were sold in multiple trades between $9.61 and $10.08 (filing says full breakdown available on request).
- Reason / footnote: Sale was required by the issuer under a sell-to-cover method to satisfy tax withholding for performance-based RSUs that vested on April 7, 2026; issuer is settling vested shares in several transactions over ~45 days (Apr 7–May 21, 2026) to reduce market impact (Footnote F1).
- Shares owned after transaction: not specified in the provided filing.
- Timeliness: Filing dated 2026-05-21 reporting a 2026-05-20 transaction — appears to have been filed promptly.
Context
This was a sell-to-cover tax withholding related to vested performance-based restricted stock units (PRSUs), a routine administrative sale that does not necessarily indicate the insider’s view of the company. Such forced or issuer-directed sales are common after vesting; purchases would typically be a stronger signal of insider conviction.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-05-20$9.78/sh−62,344$609,462→ 1,990,705 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 $9.61 to $10.08 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.