Porch Group CFO Shawn Tabak sells 9,436 shares
The chief financial officer’s reported sales were required by the issuer to cover RSU tax withholding, without his discretion.
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Rhea-AI Filing Summary
Porch Group, Inc. CFO Shawn Tabak reported sales of 9,436 common shares to cover tax withholding on restricted stock units (RSUs) that vested October 4 and October 5, 2026. The sales were required at the issuer’s election, without his discretion. On October 5, he sold 2,746 shares at a weighted average of $16.8334 per share; those shares were sold in multiple transactions at prices from $16.83 to $16.9701. On October 6, he sold 2,644 shares and 4,046 shares, each at $17.35 per share. No Rule 10b5-1 plan is reported.
Insights
Analyzing...
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F3 | 2,644 | $17.35 | $46K |
| Sale | Common Stock F4 | 4,046 | $17.35 | $70K |
| Sale | Common Stock F1, F2 | 2,746 | $16.8334 | $46K |
Footnotes (4)
- F1. This sale was required by the Issuer at its election (without any discretion by the Reporting Person), and represents shares sold to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units ("RSUs") that vested on October 4, 2026 on the semi-annual vesting of the Reporting Person's April 4, 2025 RSU grant. The Issuer has adopted this sell-to-cover method as the sole means for plan participants to satisfy tax withholding obligations in connection with the settlement of awards. The RSUs will continue to vest ratably every 6 months over the remaining 48-month vesting period which commenced on April 4, 2026, subject to the Reporting Person's continuous employment or service with the Issuer.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.83 to $16.9701 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.
- F3. This sale was required by the Issuer at its election (without any discretion by the Reporting Person), and represents shares sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs that vested on October 5, 2026 on the semi-annual vesting of the Reporting Person's April 7, 2023 RSU grant. The Issuer has adopted this sell-to-cover method as the sole means for plan participants to satisfy tax withholding obligations in connection with the settlement of awards. The RSUs will continue to vest ratably every 6 months over the remaining 48-month vesting period which commenced on April 5, 2024, subject to the Reporting Person's continuous employment or service with the Issuer.
- F4. This sale was required by the Issuer at its election (without any discretion by the Reporting Person), and represents shares sold to cover tax withholding obligations in connection with the vesting and settlement of RSUs that vested on October 5, 2026 on the semi-annual vesting of the Reporting Person's April 5, 2024 RSU grant. The Issuer has adopted this sell-to-cover method as the sole means for plan participants to satisfy tax withholding obligations in connection with the settlement of awards. The RSUs will continue to vest ratably every 6 months over the remaining 48-month vesting period which commenced on April 5, 2025, subject to the Reporting Person's continuous employment or service with the Issuer.
Key Figures
Key Terms
restricted stock units financial
sell-to-cover method financial
weighted average price financial
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