Tabak Shawn 4
4 · Porch Group, Inc. · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
Porch Group (PRCH) CFO Shawn Tabak Sells 11,215 Shares
What Happened
Shawn Tabak, Chief Financial Officer of Porch Group (PRCH), sold 11,215 shares on May 1, 2026 in a sell-to-cover transaction to satisfy tax withholding for performance-based restricted stock units (PRSUs) that vested April 7, 2026. The reported weighted average sale price was $9.79 per share, totaling approximately $109,785. This was a required issuer-directed sell-to-cover sale (not a discretionary open-market decision by the reporting person).
Key Details
- Transaction date: 2026-05-01; Form 4 filed 2026-05-05 (appears to be filed after the typical 2-business-day window).
- Price: weighted average $9.79; shares sold across multiple trades at prices from $9.735 to $10.230 per share.
- Shares sold: 11,215 (Disposition code S). Estimated proceeds: $109,785.
- Shares owned after transaction: Not disclosed in this filing.
- Footnotes: F1 — sale was required by the issuer under a sell-to-cover method to satisfy tax withholding for PRSUs vesting April 7, 2026; issuer plans to settle vested shares in multiple transactions over ~45 days (April 7–May 21, 2026) to reduce market impact. F2 — reported price is a weighted average; the filer can provide breakout of quantities at each price on request.
Context
Sell-to-cover transactions are common when equity awards vest and do not necessarily indicate the insider’s view of the company. Here, the issuer directed the sale to cover taxes for vested PRSUs and is staggering settlements to limit market impact.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-05-01$9.79/sh−11,215$109,785→ 353,015 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 $9.735 to $10.230 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.