Tabak Shawn 4

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.