Tabak Shawn 4

What Happened

• Shawn Tabak, Chief Financial Officer of Porch Group, sold 7,730 shares of PRCH on 2026-04-21 in an open-market/issuer-directed sale. The weighted average sale price reported was $8.12 per share, for proceeds of approximately $62,734. This transaction was a sale (routine sell-to-cover) to satisfy tax withholding obligations tied to vested performance-based restricted stock units (PRSUs), not an independent discretionary trade.

Key Details

• Transaction date: April 21, 2026. Report filed April 23, 2026 (appears timely, within the standard 2-business-day Form 4 window).
• Price(s): weighted average $8.12; actual sale prices ranged from $7.92 to $8.48 per share (multiple trades) — reporting person can provide per-trade breakdown on request.
• Reason: Issuer-required sell-to-cover to satisfy tax withholding for PRSUs that vested April 7, 2026 (Footnote F1).
• Settlement plan: Issuer intends to settle vested PRSU shares in several transactions over ~45 days (Apr 7–May 21, 2026) to reduce market impact (Footnote F1).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Transaction code: S (sale); footnote indicates tax-withholding mechanics (sell-to-cover), not a discretionary sale by the insider.

Context

• This was a routine sell-to-cover connected to PRSU vesting (tax withholding), which issuers commonly do and does not necessarily signal insider sentiment. Purchases generally carry more informational weight for bullish signals than routine withholding sales.