Tabak Shawn 4
4 · Porch Group, Inc. · Filed Apr 21, 2026
Research Summary
AI-generated summary of this filing
Porch Group (PRCH) CFO Shawn Tabak Sells 8,367 Shares
What Happened Shawn Tabak, CFO of Porch Group, sold 8,367 shares on April 17, 2026, for a weighted average price of $7.87 per share, totaling approximately $65,867. This was a sale (S) reported on Form 4 and reflects shares disposed to cover tax withholding obligations related to performance-based restricted stock units (PRSUs) that vested on April 7, 2026.
Key Details
- Transaction date: April 17, 2026; Form 4 filed April 21, 2026.
- Price: weighted average $7.87; individual trades ranged from $7.56 to $8.25.
- Total proceeds reported: ~$65,867.
- Shares owned after transaction: not reported in the Form 4 filing.
- Footnote: sale was required by the issuer (no discretion by the reporting person) as a sell-to-cover to satisfy tax withholding for vested PRSUs. The issuer plans to settle vested PRSU shares in multiple transactions over ~45 days (April 7–May 21, 2026) to reduce market impact.
- Additional: the reporting person can provide the exact number of shares sold at each separate price upon request.
Context This was a routine sell-to-cover tied to PRSU vesting and tax withholding, not an open-market discretionary sale that would more directly signal an insider’s view. Such withholding-based dispositions are common after equity awards vest and are generally considered administrative rather than a market sentiment indicator.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-04-17$7.87/sh−8,367$65,867→ 390,289 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 $7.56 to $8.25 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.