Tabak Shawn 4

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.