Tabak Shawn 4
4 · Porch Group, Inc. · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
Porch Group (PRCH) CFO Shawn Tabak Sells 25,000 Shares
What Happened
Shawn Tabak, Chief Financial Officer of Porch Group, sold 25,000 shares of Porch common stock in an open-market transaction on July 2, 2026. The reported weighted-average price was $16.13 per share, generating approximately $403,278 in proceeds. This was a sale (not a purchase or option exercise).
Key Details
- Transaction date: July 2, 2026. Form 4 filed July 7, 2026 (see filing for timeliness details).
- Sale type/code: Open-market sale (S).
- Shares sold: 25,000; weighted-average price: $16.13; proceeds ≈ $403,278.
- Execution price range: $16.00–$16.31 per share (sold in multiple trades; breakdown available on request).
- Shares owned after transaction: Not specified in the provided summary—see the Form 4 for post-transaction holdings.
- Footnote (F1): Sale made under a Rule 10b5-1 trading plan adopted Nov 19, 2025; plan covers up to 140,000 shares, was subject to a ≥90‑day delay before trading, and is scheduled to terminate Mar 31, 2027. Proceeds used for tax planning to satisfy the reporting person’s tax obligations.
- Footnote (F2): Reported price is a weighted average; the reporting person can provide the number of shares sold at each separate price in the $16.00–$16.31 range upon request.
- Accession No.: 0001954327-26-000043
Context
Sales executed under pre-established Rule 10b5-1 plans are commonly used by executives for tax or diversification purposes and are pre-scheduled, which can make them less informative about the insider’s current view of the company. This filing reports a routine sale; no options were exercised and no awards or gifts were involved. For full details (post-transaction holdings, exact per-trade prices, and timeliness), review the complete Form 4 on the SEC EDGAR site.
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-07-02$16.13/sh−25,000$403,278→ 240,495 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. 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 sold in multiple transactions at prices ranging from $16.00 to $16.31 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.