Vengalil Regi 4
4 · Porch Group, Inc. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Porch Group (PRCH) Director Vengalil Regi Receives RSU Award
What Happened
Vengalil Regi, a member of Porch Group, Inc.'s board of directors, was granted 15,940 restricted stock units (RSUs) on 2026-06-10 under the company's Non-Employee Director Compensation Policy. The grant is reported at $0.00 per share (total reported value $0) because these are RSUs — each RSU represents a right to receive one share of common stock upon vesting. This is an award/grant (not a market purchase or sale).
Key Details
- Transaction date: 2026-06-10; form filed 2026-06-12 (timely filing).
- Grant: 15,940 RSUs @ $0.00 (award). Reported aggregate value: $0.
- Vesting: RSUs vest on the one-year anniversary of the grant date, subject to continued board service through that date.
- Resale restrictions: Two‑thirds of the vested shares may not be sold immediately after vesting; those resale restrictions lapse in equal increments on the first and second anniversaries of the vesting date.
- Shares owned after transaction: Not specified in the filing.
- Footnote: Grant is part of the annual non-employee director compensation (see footnote F1).
- Exhibit: Exhibit 24 (Power of Attorney) included.
Context
This is a routine annual director compensation grant (an award), not a purchase or sale. RSUs convey future ownership if the vesting conditions are met; resale restrictions mean a portion of the shares will remain restricted for up to two years after vesting. Such awards are common for non-employee directors and do not by themselves indicate the director is buying or selling shares in the open market.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-10+15,940→ 181,843 total
Footnotes (1)
- [F1]Represents an annual grant of restricted stock units ("RSUs") for service on the Porch Group, Inc. (the "Company") board of directors under the Company's Non-Employee Director Compensation Policy. Each RSU represents a right to receive one share of Company common stock upon vesting. The shares underlying the RSUs will vest on the one-year anniversary of the grant date ("Annual Grant Vesting Date"), subject to the reporting person remaining a member of the Company's board of directors through the Annual Grant Vesting Date. The shares underlying the RSUs shall have resale restrictions pursuant to which two-thirds of the vested shares underlying the RSUs may not be sold after the Annual Grant Vesting Date. The resale restrictions expire in equal increments on the first and second anniversaries of the Annual Grant Vesting Date.