Tabak Shawn 4
4 · Porch Group, Inc. · Filed Apr 28, 2026
Research Summary
AI-generated summary of this filing
Porch Group (PRCH) CFO Shawn Tabak Sells Shares
What Happened Shawn Tabak, Chief Financial Officer of Porch Group, sold 7,875 shares on April 24, 2026, for a total of $60,497. The reported weighted-average price was $7.68 per share; individual trades in the block ranged from $7.41 to $8.15. This was a sale (routine tax-withholding action tied to equity settlement), not a purchase signal.
Key Details
- Transaction date: April 24, 2026; Form filed April 28, 2026 (filing reports the 4/24 sale).
- Shares sold: 7,875; weighted-average price: $7.68; total proceeds: $60,497.
- Price range: $7.41 to $8.15 per share; reporting person will provide per-trade prices on request (footnote F2).
- Reason/footnote: Sale was required by the issuer under a sell-to-cover method to satisfy tax withholding on performance-based RSUs that vested April 7, 2026; issuer plans to settle vested shares in multiple transactions over ~45 days to reduce market impact (footnote F1).
- Shares owned after the transaction: not specified in the provided filing.
Context This was a mandatory sell-to-cover tied to the settlement of performance-based restricted stock units (PRSUs), meaning the issuer elected to sell a portion of vested shares to cover taxes rather than the insider choosing a discretionary sale. Such transactions are common around vesting/settlement dates and do not by themselves indicate the insider’s view on the company’s stock.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-04-24$7.68/sh−7,875$60,497→ 374,684 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 $7.41 to $8.15 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.