Kell Sean Davis 4
4 · Porch Group, Inc. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Porch Group (PRCH) Director Kell Sean Davis Receives Award
What Happened Kell Sean Davis, a member of Porch Group, Inc.'s board of directors, received an award of 15,940 restricted stock units (RSUs) on 2026-06-10. The grant was reported as an acquisition at $0.00 (no cash paid). Each RSU represents the right to one share of Porch common stock upon vesting; the underlying shares vest on the one‑year anniversary of the grant (2027-06-10), subject to continued board service.
Key Details
- Transaction date and price: 2026-06-10, grant reported at $0.00 per RSU.
- Vesting: shares underlying the RSUs vest on the one‑year anniversary of the grant, contingent on continued board membership.
- Resale restrictions: two‑thirds of the vested shares may not be sold immediately after vesting; those restrictions lapse in equal installments on the first and second anniversaries of the vesting date.
- Shares owned after transaction: not specified in the provided filing.
- Filing: Form 4 filed 2026-06-12 (timely within the standard 2‑business‑day window).
- Exhibit: Exhibit 24 — Power of Attorney.
Context This is a routine annual non‑employee director compensation grant under Porch’s director compensation policy. RSU grants are compensation, not an open‑market purchase or sale, and are subject to vesting and resale limits before becoming freely tradable.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-10+15,940→ 313,647 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.