Tabak Shawn 4
4 · Porch Group, Inc. · Filed May 28, 2026
Research Summary
AI-generated summary of this filing
Porch Group (PRCH) CFO Shawn Tabak Sells 30,000 Shares
What Happened Shawn Tabak, Chief Financial Officer of Porch Group, sold 30,000 shares of the company's common stock on May 26, 2026, for a weighted average price of $10.08, generating gross proceeds of approximately $302,520. The sale was effected under a pre-established Rule 10b5-1 trading plan and was described in the filing as being done in connection with tax planning (proceeds used to satisfy tax obligations). The Form 4 was filed with the SEC on May 28, 2026.
Key Details
- Transaction date: 2026-05-26; Form 4 filed: 2026-05-28 (no late filing indicated).
- Shares sold: 30,000; weighted average price reported: $10.08; total proceeds ≈ $302,520.
- Price range: the shares were sold in multiple trades at prices between $9.70 and $10.37 (per footnote); the reported $10.08 is the weighted average.
- Method: Sale under a Rule 10b5-1 trading plan entered Nov 19, 2025; plan covers up to 140,000 shares and is scheduled to terminate Mar 31, 2027.
- Purpose: The filing states the sale was for tax planning and proceeds are being used to satisfy the reporting person’s tax obligations.
- Shares owned after transaction: not specified in this Form 4.
- Additional note: the reporting person will provide, on request, the breakdown of shares sold at each price within the stated range.
Context Sales under 10b5-1 plans are common for executives to meet scheduled liquidity or tax needs and generally don't by themselves signal a change in company outlook. For retail investors, purchases are often more informative about insider confidence; this filing documents a routine, pre-planned sale for tax purposes rather than an ad hoc disposition.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-05-26$10.08/sh−30,000$302,520→ 269,439 total
Footnotes (2)
- [F1]Represents a sale pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on November 19, 2025 (the "10b5-1 Plan"). The 10b5-1 Plan is scheduled to terminate on March 31, 2027, and covers the sale of up to an aggregate of 140,000 shares of the Issuer's common stock. The remaining shares covered by the 10b5-1 plan are at a limit price that exceeds the most recent Nasdaq closing price. Trading under the 10b5-1 Plan did not commence until at least 90 days following the date on which the plan was entered. This sale was effected in connection with tax planning, and the proceeds from the transaction are being used to help satisfy tax obligations of the Reporting Person.
- [F2]The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $9.70 to $10.37 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 purchased at each separate price within the range set forth in this footnote.