Tabak Shawn 4
4 · Porch Group, Inc. · Filed Apr 16, 2026
Research Summary
AI-generated summary of this filing
Porch Group (PRCH) CFO Shawn Tabak Sells 17,697 Shares
What Happened
Shawn Tabak, Chief Financial Officer of Porch Group (PRCH), sold a total of 17,697 shares on April 14, 2026 in two open-market/private-sale transactions. The Form 4 reports a weighted average price of $6.84 per share, with proceeds totaling approximately $121,086 (7,470 shares for $51,111 and 10,227 shares for $69,975). These were sales (not purchases) and are described as routine sell-to-cover transactions tied to the settlement of vested performance-based restricted stock units (PRSUs).
Key Details
- Transaction date: April 14, 2026. Form 4 filed April 16, 2026 (appears timely).
- Reported weighted average price: $6.84; actual trade prices ranged from $6.61 to $7.06 (footnote F2).
- Shares sold: 7,470 and 10,227 (total 17,697). Reported proceeds ≈ $51,111 and $69,975 (total ≈ $121,086).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- Notable footnotes: F1/F3 — the sales were required by the issuer (no discretion by the reporting person) as the sell-to-cover method to satisfy tax withholding for PRSUs that vested April 7, 2026; the company plans to settle vested shares over ~45 days (April 7–May 21, 2026) to reduce market impact. F2 notes the weighted-average price and offers to provide per-price breakdown on request.
Context
These sales were executed solely to cover tax withholding on vested performance awards and were required by the company’s chosen method of settlement; such sell-to-cover transactions are common and do not necessarily indicate executive sentiment about the company’s outlook. Purchases generally carry more informational weight for investors than routine withholding sales.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-04-14$6.84/sh−7,470$51,111→ 408,883 total - Sale
Common Stock
[F3][F2]2026-04-14$6.84/sh−10,227$69,975→ 398,656 total
Footnotes (3)
- [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 $6.61 to $7.06 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.
- [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 settlement of the April 7, 2026 common stock grant, granted at the determination of the Compensation Committee for the portion of achieving in excess of target performance for the annual bonus program for 2025. 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.