Tabak Shawn 4
4 · Porch Group, Inc. · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
Porch Group (PRCH) CFO Shawn Tabak Sells 3,944 Shares
What Happened
- Shawn Tabak, Chief Financial Officer of Porch Group (PRCH), sold 3,944 shares on 2026-06-02 in an open-market/private sale for a weighted average price of $10.87 per share, resulting in proceeds of approximately $42,872.
- This sale was a sell-to-cover required by the company to satisfy tax withholding on RSUs that vested June 1, 2026 (the shares were part of a December 1, 2025 RSU grant).
Key Details
- Transaction date: 2026-06-02; Form 4 filed: 2026-06-04 (filed timely under the two-business-day rule).
- Price: weighted average $10.87; individual trades ranged from $10.8700 to $10.8850 per share.
- Shares sold/disposed: 3,944; gross proceeds ≈ $42,872.
- Reason/footnote: Sale was required by the issuer (no discretion by the reporting person) as the issuer’s mandatory sell-to-cover method to satisfy tax withholding on RSU vesting. The RSUs were the fourth/final annual grant (25% increments) of an on-hire award that vest every six months.
- Additional note: The filer offers to provide a breakdown of number of shares sold at each price within the stated range upon request.
Context
- This was a routine tax-withholding sale tied to RSU settlement, not a discretionary open-market sell driven by the insider’s view of the stock. Such sell-to-cover transactions are common and generally not interpreted as a bearish signal. Purchases typically carry more weight when assessing insider sentiment.
Insider Transaction Report
Form 4
Tabak Shawn
CHIEF FINANCIAL OFFICER
Transactions
- Sale
Common Stock
[F1][F2]2026-06-02$10.87/sh−3,944$42,872→ 265,495 total
Footnotes (2)
- [F1]This sale was required by the Issuer at its election (without any discretion by the Reporting Person), and represents shares sold to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units ("RSUs") that vested on June 1, 2026. The Issuer has adopted this sell-to-cover method as the sole means for plan participants to satisfy tax withholding obligations in connection with the settlement of awards. The RSUs were granted on December 1, 2025 as part of the fourth and final annual grant of 25% of the Reporting Person's on hire award and will vest in equal installments every six months from the date of the grant.
- [F2]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.8700 to $10.8850 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|2026-06-04