Tabak Shawn 4
4 · Porch Group, Inc. · Filed Apr 9, 2026
Research Summary
AI-generated summary of this filing
Porch (PRCH) CFO Shawn Tabak Receives RSU Awards, Sells Shares
What Happened
- Shawn Tabak, Chief Financial Officer of Porch Group, was granted two awards on April 7, 2026 (39,027 RSUs under the 2026 LTIP and 28,308 shares relating to above‑target 2025 bonus) and concurrently had three sell transactions on April 7, 2026 disposing of 4,444, 1,931 and 2,969 shares (total 9,344) for total proceeds of $67,173. The sales were required sell‑to‑cover transactions to satisfy tax withholding obligations tied to RSU vesting.
Key Details
- Transaction dates (period of report): April 7, 2026; Form 4 filed April 9, 2026 (appears timely).
- Awards: 39,027 RSUs granted under 2026 LTIP (F1) and 28,308 shares granted for above-target 2025 bonus (F2). Each RSU converts to one share upon vesting.
- Sales: 9,344 shares sold at a weighted average price of $7.19 per share (range $7.19–$7.28) for total proceeds ≈ $67,173 (F4).
- Reason for sales: Required by the issuer to cover tax withholding on RSU settlements from prior grants that vested in early April 2026 (sell-to-cover; F3–F6). Reporting person had no discretion over these sales.
- Shares owned after transaction: Not specified in the provided filing.
Context
- RSUs are not immediate purchases — they represent a right to receive shares upon vesting. The 39,027 RSU award vests over a 48‑month schedule (25% after one year, then periodic vesting every six months per F1). The sell-to-cover sales are routine tax-withholding actions and do not necessarily indicate the insider’s market view.
- For retail investors, routine sell-to-cover transactions are common following vesting and are generally different from discretionary open-market sales that might signal sentiment.
Insider Transaction Report
Form 4
Tabak Shawn
CHIEF FINANCIAL OFFICER
Transactions
- Award
Common Stock
[F1]2026-04-07+39,027→ 405,123 total - Award
Common Stock
[F2]2026-04-07+28,308→ 433,431 total - Sale
Common Stock
[F3][F4]2026-04-07$7.19/sh−4,444$31,947→ 428,987 total - Sale
Common Stock
[F5][F4]2026-04-07$7.19/sh−1,931$13,882→ 427,056 total - Sale
Common Stock
[F6][F4]2026-04-07$7.19/sh−2,969$21,344→ 424,087 total
Footnotes (6)
- [F1]Represents a grant of restricted stock units ("RSUs") under the Company's 2026 long-term equity incentive program. Each RSU represents a right to receive one share of the Issuer's common stock upon vesting. 25% of the RSUs shall vest on April 7, 2027, then 1/6th of the remaining RSUs shall vest every 6 months for the remaining 36 months of the 48-month vesting period, subject to the Reporting Person's employment or service with the Issuer as contemplated in the RSU Agreement.
- [F2]At the determination of the Compensation Committee, represents a grant of the Issuer's common stock for the portion of achieving in excess of target performance for the annual bonus program for 2025.
- [F3]This sale was required by the Issuer at its election (without any discretion by the Reporting Person), and represents shares sold to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units ("RSUs") that vested on April 4, 2026 on the semi-annual vesting of the Reporting Person's April 4, 2025 RSU grant. The Issuer has adopted this sell-to-cover method as the sole means for plan participants to satisfy tax withholding obligations in connection with the settlement of awards. The RSUs will continue to vest ratably every 6 months over the remaining 48-month vesting period which commenced on April 4, 2025, subject to the Reporting Person's continuous employment or service with the Issuer.
- [F4]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.19 to $7.28 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.
- [F5]This sale was required by the Issuer at its election (without any discretion by the Reporting Person), and represents shares sold to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units ("RSUs") that vested on April 5, 2026 on the semi-annual vesting of the Reporting Person's April 7, 2023 RSU grant. The Issuer has adopted this sell-to-cover method as the sole means for plan participants to satisfy tax withholding obligations in connection with the settlement of awards. The RSUs will continue to vest ratably every 6 months over the remaining 48-month vesting period which commenced on April 5, 2023, subject to the Reporting Person's continuous employment or service with the Issuer.
- [F6]This sale was required by the Issuer at its election (without any discretion by the Reporting Person), and represents shares sold to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units ("RSUs") that vested on April 5, 2026 on the semi-annual vesting of the Reporting Person's April 5, 2024 RSU grant. The Issuer has adopted this sell-to-cover method as the sole means for plan participants to satisfy tax withholding obligations in connection with the settlement of awards. The RSUs will continue to vest ratably every 6 months over the remaining 48-month vesting period which commenced on April 5, 2024, subject to the Reporting Person's continuous employment or service with the Issuer.
Signature
/s/ Meghan Silver as Attorney-in-fact for Shawn Tabak|2026-04-09