Tabak Shawn 4

What Happened

• Shawn Tabak, Chief Financial Officer of Porch Group, sold 10,511 shares of Porch common stock on May 8, 2026. The reported weighted-average price was $11.12 per share for total proceeds of approximately $116,841. This was a sale (routine tax-withholding event), not a market-timing purchase.

Key Details

• Transaction date: 2026-05-08; weighted-average price: $11.12; price range reported: $10.88–$11.34 (multiple transactions).
• Shares sold: 10,511; proceeds: ~$116,841.
• Shares owned after transaction: not disclosed in the excerpt provided.
• Footnote F1: The sale was required by the issuer (no discretion by the reporting person) using a sell-to-cover method to satisfy tax withholding on PRSU awards that vested April 7, 2026. The issuer is settling vested PRSUs in several transactions over ~45 days (April 7–May 21, 2026) to reduce market impact.
• Footnote F2: The $11.12 is a weighted average; the filer can provide a breakdown of transactions/prices on request.
• Filing: Form 4 was filed May 12, 2026 (within the standard reporting window).

Context

• This sale was executed solely to cover tax withholding on vested performance-based restricted stock units (PRSUs) and is a routine administrative transaction (sell-to-cover), which is generally not interpreted the same way as a discretionary insider sale.