Tabak Shawn 4

What Happened

• Shawn Tabak, Chief Financial Officer of Porch Group (PRCH), sold 11,107 shares on May 12, 2026 in an open-market transaction for a weighted average price of $10.52 per share, generating approximately $116,900. This was a sale (not a purchase) and was used to satisfy tax withholding tied to vested performance-based restricted stock units (PRSUs).

Key Details

• Transaction date: May 12, 2026. Filed May 14, 2026 (timely — within the two-business-day Form 4 window).
• Price: reported weighted average $10.52; shares were sold in multiple trades at prices ranging from $10.225 to $10.970 per share.
• Total reported proceeds: ~$116,900.
• Reason/footnote: sale was required by the issuer (issuer-elected "sell-to-cover") to satisfy tax withholding on PRSU awards that vested April 7, 2026. The issuer intends to settle vested PRSU shares across multiple transactions from April 7 to May 21, 2026 to reduce market impact.
• Shares owned after transaction: not specified in the filing.
• The reporting person can provide a breakdown of the number of shares sold at each price on request (per footnote).

Context

• This was a tax-withholding related sale of vested restricted stock (routine administrative transaction), not a discretionary sale that necessarily signals personal trading intent. For investors, purchases typically carry more direct informational value than mandatory sell-to-cover transactions.