Tabak Shawn 4
Research Summary
AI-generated summary
Porch Group (PRCH) CFO Shawn Tabak Sells 10,454 Shares
What Happened
- Shawn Tabak, Chief Financial Officer of Porch Group, sold 10,454 shares on April 28, 2026, for a total of approximately $84,786. The reported weighted-average sale price was $8.11 per share. This was a sale (routine) to cover tax withholding on performance-based restricted stock units (PRSUs) that vested earlier in April.
Key Details
- Transaction date: April 28, 2026; Form 4 filed April 30, 2026 (timely).
- Reported weighted-average price: $8.11 per share; individual sale prices ranged from $7.69 to $8.45.
- Shares disposed: 10,454 (sale code S). Shares owned after the transaction are not reported in the provided filing.
- Footnote F1: Sale was required by the issuer (no discretion by the reporting person) as the issuer’s selected sell-to-cover method to satisfy tax withholding on PRSUs vested April 7, 2026; issuer intends to settle vested shares across multiple transactions from Apr 7 to May 21, 2026 to reduce market impact.
- Footnote F2: Price shown is weighted average; the reporting person can provide exact per-trade counts/prices on request.
Context
- This was a tax-withholding sell-to-cover tied to vested PRSUs (not an opportunistic open-market sale). Such transactions are routine and do not necessarily signal management sentiment about the company’s stock.