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.