Tabak Shawn 4

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.