Tabak Shawn 4
4 · Porch Group, Inc. · Filed Apr 10, 2026
Research Summary
AI-generated summary of this filing
Porch Group (PRCH) CFO Shawn Tabak Sells 7,734 Shares
What Happened
Shawn Tabak, Chief Financial Officer of Porch Group, sold 7,734 shares on April 9, 2026 for total proceeds of $55,310. The filing reports a weighted-average price of $7.15 per share (sales occurred at prices between $6.80 and $7.77). This sale was a sell-to-cover to satisfy tax withholding on performance-based restricted stock units (PRSUs) that vested April 7, 2026 and was required by the issuer (no discretion by the reporting person).
Key Details
- Transaction date: April 9, 2026; Form 4 filed April 10, 2026 (timely filing).
- Transaction type: Sale (sell-to-cover for tax withholding) — Code S.
- Shares sold: 7,734; weighted-average price reported: $7.15; reported price range: $6.80–$7.77.
- Proceeds: $55,310 (aggregate).
- Shares owned after transaction: not disclosed in the provided filing excerpt.
- Footnotes: F1 — sale was required by the issuer to satisfy tax withholding for PRSUs vested 4/7/2026; issuer plans to settle vested shares in several transactions over ~45 days (Apr 7–May 21, 2026) to reduce market impact. F2 — weighted average reported; reporting person can provide a breakdown of shares sold at each price on request.
Context: This was a routine tax-withholding sale tied to vested equity, not an open-market discretionary sale indicating a change in insider sentiment. The issuer's planned staggered settlement is intended to limit market impact.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-04-09$7.15/sh−7,734$55,310→ 416,353 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 $6.80 to $7.77 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.