Neagle Matthew 4

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.