PRCH insider files Form 144 to sell 55,000 restricted shares worth $1.03M

Rhea-AI Filing Summary

Form 144 notice for Porch Group, Inc. (PRCH) reports a proposed sale of 55,000 common shares through Morgan Stanley Smith Barney, with an aggregate market value of $1,027,966.50. The filing shows the shares represent part of an award of restricted stock acquired from the issuer on 04/01/2025 (18,241 shares) and 04/05/2025 (36,759 shares). The filer indicates an approximate sale date of 09/09/2025 on the NASDAQ and reports no sales by the same person in the prior three months. The filing includes the standard representation that the seller is unaware of undisclosed material adverse information.

Insights

Securities Analyst

TL;DR: Routine insider notice of intent to sell recently issued restricted shares; size is immaterial relative to outstanding shares.

The filing documents a planned sale of 55,000 common shares valued at $1.03 million, originating from restricted stock grants dated 04/01/2025 and 04/05/2025. Compared with 122,581,095 shares outstanding, the proposed sale equals roughly 0.045% of the float, indicating no likely market-moving impact. The use of a broker and an anticipated NASDAQ sale date are consistent with routine compliance with Rule 144 disclosure requirements.

Corporate Governance Expert

TL;DR: Standard insider compliance filing; discloses restricted-stock origin and affirms no undisclosed material information.

This Form 144 provides the required disclosure that the securities to be sold were acquired as restricted stock from the issuer earlier in April 2025 and that no other sales occurred in the prior three months. The filing includes the seller’s representation regarding material information and indicates sale execution through a major broker, reflecting routine adherence to Rule 144 and market best practices rather than a governance red flag.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	55000	1027966.50	122581095	09/09/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	04/01/2025	Restricted Stock	Issuer			18241	04/01/2025	Not Applicable
Common	04/05/2025	Restricted Stock	Issuer			36759	04/05/2025	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does PRCH's Form 144 disclose about the proposed sale?

The filing discloses a proposed sale of 55,000 common shares via Morgan Stanley Smith Barney with an aggregate market value of $1,027,966.50 and an approximate sale date of 09/09/2025.

When were the shares to be sold acquired according to the filing?

The shares were acquired as restricted stock from the issuer on 04/01/2025 (18,241 shares) and 04/05/2025 (36,759 shares).

Does the Form 144 report any sales by the same person in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months by the person for whose account the securities are to be sold.

Through which broker will the PRCH shares be sold and on what exchange?

The broker listed is Morgan Stanley Smith Barney LLC and the sale is expected to occur on the NASDAQ.

What representation does the seller make about material information?

By signing, the seller represents they do not know any material adverse information about the issuer that has not been publicly disclosed.