Tabak Shawn 4

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.