Porch Group CFO stock sale covers RSU taxes
Porch Group, Inc. chief financial officer Shawn Tabak reported an open-market sale of 11,107 shares of common stock at a weighted average price of $10.5249 per share.
Rhea-AI Filing Summary
Porch Group, Inc. chief financial officer Shawn Tabak reported an open-market sale of 11,107 shares of common stock at a weighted average price of $10.5249 per share. According to the disclosure, this sale was required by the company under a sell-to-cover method to satisfy tax withholding obligations tied to performance-based restricted stock units that vested on April 7, 2026.
The shares were sold in multiple trades at prices ranging from $10.225 to $10.970 per share. After this transaction, Tabak holds 320,787 shares of Porch Group common stock directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 11,107 | $10.5249 | $117K |
Footnotes (2)
- F1. This sale was required by the Issuer at its election (without any discretion by the Reporting Person) under a sell-to-cover method as the sole means for plan participants to satisfy tax withholding obligations in connection with the settlement of performance-based restricted stock unit ("PRSU") awards that vested on April 7, 2026. As previously disclosed, the Issuer has confirmed its intent to settle vested shares of Common Stock for these PRSU awards in several transactions over approximately 45 days, between April 7, 2026 and May 21, 2026 to reduce market impact.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.225 to $10.970 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.
Key Figures
Key Terms
sell-to-cover method financial
performance-based restricted stock unit ("PRSU") awards financial
weighted average price financial
tax withholding obligations financial
multiple transactions financial
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