Tabak Shawn 4
4 · Porch Group, Inc. · Filed May 21, 2026
Research Summary
AI-generated summary of this filing
Porch Group (PRCH) CFO Shawn Tabak Sells 10,881 Shares
What Happened
Shawn Tabak, CFO of Porch Group, sold 10,881 shares on May 20, 2026 for a weighted average price of $9.78 per share, generating approximately $106,370. The sale was reported on Form 4 and is coded as a sale (S).
Key Details
- Transaction date: May 20, 2026; Form 4 filed May 21, 2026 (timely filing).
- Price: weighted average $9.78; individual trades ranged $9.61–$10.08 per share (footnote F2).
- Total proceeds: ~$106,370.
- Reason: sell-to-cover tax withholding required by the issuer related to the settlement of performance-based RSU awards that vested April 7, 2026 (footnote F1). The issuer stated it will settle vested PRSU shares in multiple transactions over ~45 days (Apr 7–May 21, 2026) to reduce market impact.
- Shares owned after transaction: not specified in the information provided.
- Additional note: The reporting person offers to provide detailed breakdown of the number of shares sold at each separate price upon request (footnote F2).
Context
This was a routine sell-to-cover transaction to satisfy tax withholding on vested performance-based restricted stock units (PRSUs), not an open-market discretionary sale for investment purposes. Such tax-withholding sales are common after award vesting and do not necessarily indicate insider sentiment about the company.
Insider Transaction Report
Form 4
Tabak Shawn
CHIEF FINANCIAL OFFICER
Transactions
- Sale
Common Stock
[F1][F2]2026-05-20$9.78/sh−10,881$106,370→ 299,439 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 $9.61 to $10.08 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.
Signature
/s/ Meghan Silver as Attorney-in-fact for Shawn Tabak|2026-05-21