Porch Group COO sells shares to cover taxes

Porch Group, Inc. Chief Operating Officer Matthew Neagle reported a required sale of 59,901 shares of Common Stock.

Rhea-AI Filing Summary

Porch Group, Inc. Chief Operating Officer Matthew Neagle reported a required sale of 59,901 shares of Common Stock. The shares were sold on April 28, 2026 at a weighted average price of $8.1104 per share in open-market transactions. According to the disclosure, the sale was made at the issuer’s election under a sell-to-cover method as the sole way 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 between $7.69 and $8.45 per share. After this transaction, Neagle directly holds 2,361,998 shares of Porch Group common stock.

Insider Trade Summary

Net Seller: 59,901 shares

Net Sell 1 txn

Insider Neagle Matthew

Role Chief Operating Officer

Sold 59,901 shs ($486K)

Type	Security	Shares	Price	Value
Sale	Common Stock	59,901	$8.1104	$486K

Holdings After Transaction: Common Stock — 2,361,998 shares (Direct)

Footnotes (2)

1. 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.
2. F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.69 to $8.45 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: 59,901 shares Weighted average sale price: $8.1104 per share Post-transaction holdings: 2,361,998 shares +3 more

6 metrics

Shares sold 59,901 shares Common Stock, open-market sale on April 28, 2026

Weighted average sale price $8.1104 per share Required sell-to-cover transaction

Post-transaction holdings 2,361,998 shares Common Stock directly owned after April 28, 2026 sale

Price range of sales $7.69–$8.45 per share Multiple transactions comprising the 59,901-share sale

PRSU vesting date April 7, 2026 Performance-based RSUs triggering tax withholding obligation

Settlement window Approximately 45 days Between April 7, 2026 and May 21, 2026 for PRSU settlements

Key Terms

sell-to-cover, performance-based restricted stock unit ("PRSU"), weighted average price

3 terms

sell-to-cover financial

"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") financial

"in connection with the settlement of performance-based restricted stock unit ("PRSU") awards that vested on April 7, 2026"

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) report for Matthew Neagle?

Porch Group reported that COO Matthew Neagle sold 59,901 shares of Common Stock. The issuer required this sale under a sell-to-cover method to satisfy tax withholding obligations linked to vested performance-based restricted stock units on April 7, 2026.

At what prices were the PRCH shares sold in Matthew Neagle’s Form 4 filing?

The reported weighted average sale price was $8.1104 per share. The Form 4 notes that the 59,901 shares were sold in multiple transactions at prices ranging from $7.69 to $8.45 per share on April 28, 2026.

Why was the sale of Porch Group (PRCH) shares by Matthew Neagle required?

The sale was required by the issuer, at its election, under a sell-to-cover method. It served as the sole means for plan participants to satisfy tax withholding obligations from performance-based restricted stock unit awards that vested on April 7, 2026.

How many Porch Group (PRCH) shares does Matthew Neagle hold after this transaction?

Following the reported sale, Matthew Neagle directly holds 2,361,998 shares of Porch Group Common Stock. This post-transaction ownership figure is disclosed in the Form 4 as the total number of shares beneficially owned after the April 28, 2026 sale.

Over what period will Porch Group (PRCH) settle vested PRSU awards mentioned in the Form 4?

The issuer confirmed its intent to settle vested Common Stock for these PRSU awards in several transactions. These will occur over approximately 45 days, between April 7, 2026 and May 21, 2026, to help reduce market impact.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/30/2026 - 05:39 PM EDT Learn about SEC filing dates

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^*

Neagle Matthew

(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 Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026

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	04/28/2026		S(1)		59,901	D	$8.1104(2)	2,361,998	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 $7.69 to $8.45 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 Matthew Neagle	04/30/2026
	** 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)