Tabak Shawn 4

What Happened

• Shawn Tabak, Chief Financial Officer of Porch Group, sold 10,467 shares on May 15, 2026. The reported weighted-average price was $10.34 per share, for proceeds of approximately $108,234. This sale was reported on a Form 4 filed May 19, 2026.
• The sale was a routine sell-to-cover transaction tied to tax withholding on vested performance-based restricted stock units (PRSUs), not an independent open-market decision to reduce holdings.

Key Details

• Transaction date: May 15, 2026; filing date: May 19, 2026. Reported as a sale (Code S).
• Reported weighted-average price: $10.34; actual sale prices ranged from $10.02 to $10.79 (sold in multiple trades).
• Total shares sold: 10,467; total proceeds ≈ $108,234.
• Footnote F1: The sale was required by the issuer (no discretion by the reporting person) as the sole sell-to-cover method to satisfy tax withholding for PRSUs that vested April 7, 2026. The issuer is settling vested shares across multiple transactions over ~45 days (Apr 7–May 21, 2026) to reduce market impact.
• Footnote F2: The $10.34 price is a weighted average; the reporting person can provide a breakdown of shares sold at each price on request.
• Shares owned after the transaction are not provided in the supplied details; see the full SEC Form 4 for post-transaction holdings.

Context

• This was a tax-withholding sell-to-cover related to vested PRSUs—common and generally considered routine, rather than a direct signal of the insider’s view on the stock.
• The issuer’s staggered settlement plan (over ~45 days) is intended to limit market impact from multiple vesting-related settlements.