Porch Group (PRCH) CFO mandatory sale covers PRSU tax obligations

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 ($60,497)

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, null)

Footnotes (1)

1. 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. 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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Tabak Shawn

(Last) (First) (Middle)

411 FIRST AVENUE SOUTH

SUITE 501

(Street)

SEATTLE WASHINGTON 98104

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Porch Group, Inc. [ PRCH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF FINANCIAL OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/24/2026		S(1)		7,875	D	$7.6821(2)	374,684	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. 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.

Remarks:

	/s/ Meghan Silver as Attorney-in-fact for Shawn Tabak	04/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

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.

Why did Porch Group (PRCH) CFO Shawn Tabak sell 7,875 shares?

The 7,875-share sale was required by Porch Group under a sell-to-cover method to pay tax withholding on performance-based RSU awards that vested April 7, 2026. It was the sole means provided for participants to meet these tax obligations, limiting personal discretion in the sale.

At what prices were the Porch Group (PRCH) shares sold by the CFO?

The reported sale used a weighted average price of $7.6821 per share. Individual trades occurred in multiple transactions at prices ranging from $7.41 to $8.15 per share, reflecting normal market execution within that trading range on the transaction date.

How many Porch Group (PRCH) shares does CFO Shawn Tabak hold after this sale?

Following the 7,875-share sale, CFO Shawn Tabak directly holds 374,684 shares of Porch Group Common Stock. This post-transaction holding figure shows that the tax-related sale represented a relatively small portion of his overall directly owned position.

What equity awards triggered the tax-related share sale at Porch Group (PRCH)?

The sale was linked to performance-based restricted stock unit (PRSU) awards that vested on April 7, 2026. Porch Group indicated it would settle vested PRSU shares in several transactions over roughly 45 days to May 21, 2026, aiming to reduce potential market impact.

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.