Tabak Shawn 4
4 · Porch Group, Inc. · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
Porch Group CFO Shawn Tabak Sells 10,610 Shares
What Happened Shawn Tabak, Chief Financial Officer of Porch Group, sold 10,610 shares on May 5, 2026 in an open-market sell-to-cover transaction. The weighted-average price was $10.43 per share, for gross proceeds of approximately $110,671. The sale was executed to satisfy tax withholding on performance-based restricted stock units (PRSUs) that vested April 7, 2026.
Key Details
- Transaction date: 2026-05-05; Form 4 filed: 2026-05-07 (filed timely).
- Transaction type/code: Sale (S) — open-market sell-to-cover to satisfy tax withholding.
- Price: weighted average $10.43; shares sold across $10.12–$10.78 per share (per footnote).
- Proceeds: approximately $110,671.
- Shares owned after transaction: not specified in the provided filing excerpt (see the full Form 4 for total beneficial ownership).
- Footnotes: F1 — sale required by issuer as the sole sell-to-cover method for vested PRSUs; issuer intends to settle vested PRSU shares in multiple transactions over ~45 days (Apr 7–May 21, 2026) to reduce market impact. F2 — price is a weighted average; reporting person can provide per-price breakdown on request.
Context This sale was a routine, issuer-directed sell-to-cover to satisfy tax withholding on vested PRSUs rather than a discretionary divestiture by the insider. Such sell-to-cover transactions are common for net settlement of awards and do not, by themselves, indicate the insider’s view of the company’s near-term prospects.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-05-05$10.43/sh−10,610$110,671→ 342,405 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 $10.12 to $10.78 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.