Porch CFO sells shares to cover PRSU taxes
Porch Group, Inc. Chief Financial Officer Shawn Tabak reported a required tax-related sale of 7,875 shares of Common Stock.
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Form Type
4
Rhea-AI Filing Summary
Porch Group, Inc. Chief Financial Officer Shawn Tabak reported a required tax-related sale of 7,875 shares of Common Stock. The issuer elected a sell-to-cover method as the sole way to satisfy tax withholding obligations tied to performance-based RSU awards that vested on April 7, 2026.
The shares were sold on April 24, 2026 at a weighted average price of $7.6821 per share, in multiple trades between $7.41 and $8.15. After this transaction, Tabak directly holds 374,684 shares of Porch Group common stock.
Insider Trade Summary
Net Seller: 7,875 shares
Net Sell
1 txn
Insider
Tabak Shawn
Role
CHIEF FINANCIAL OFFICER
Sold
7,875 shs ($60K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,875 | $7.6821 | $60K |
Holdings After Transaction:
Common Stock — 374,684 shares (Direct)
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 $7.41 to $8.15 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
Shares sold: 7,875 shares
Weighted average sale price: $7.6821 per share
Post-transaction holdings: 374,684 shares
+3 more
6 metrics
Shares sold
7,875 shares
Required sell-to-cover transaction on April 24, 2026
Weighted average sale price
$7.6821 per share
Open-market sale range from $7.41 to $8.15
Post-transaction holdings
374,684 shares
Common Stock directly held after the reported sale
Price range of trades
$7.41–$8.15 per share
Multiple transactions making up the reported weighted average
PRSU vesting date
April 7, 2026
Performance-based RSU awards that triggered tax withholding
Settlement window
April 7, 2026 to May 21, 2026
Planned period to settle vested PRSU shares
Key Terms
sell-to-cover, performance-based restricted stock unit ("PRSU") awards, tax withholding obligations, weighted average price
4 terms
sell-to-cover financial
"This sale was required by the Issuer at its election ... under a sell-to-cover method as the sole means for plan participants to satisfy tax withholding obligations"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
performance-based restricted stock unit ("PRSU") awards financial
"in connection with the settlement of performance-based restricted stock unit ("PRSU") awards that vested on April 7, 2026"
tax withholding obligations financial
"sole means for plan participants to satisfy tax withholding obligations in connection with the settlement of performance-based restricted stock unit"
weighted average price financial
"The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Porch Group (PRCH) disclose for CFO Shawn Tabak?
Porch Group disclosed that CFO Shawn Tabak sold 7,875 shares of Common Stock. The sale was required under a sell-to-cover arrangement to satisfy tax withholding obligations related to vested performance-based RSU awards, rather than a discretionary open-market sale for portfolio reasons.
Was the Porch Group (PRCH) CFO’s stock sale a discretionary open-market trade?
The filing states the sale was required by the issuer, without discretion by the reporting person, under a sell-to-cover method. This structure indicates a mechanistic tax-withholding transaction rather than a voluntary decision to reduce or adjust equity exposure in the market.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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