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.