Tax-withholding sale: Porch Group (PRCH) CFO disposes 10,610 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Porch Group, Inc. chief financial officer Shawn Tabak reported an open-market sale of 10,610 shares of common stock at a weighted average price of $10.4308 per share. After the transaction, he directly holds 342,405 shares of Porch Group common stock.
According to the filing, this sale was required by the company at its election, using a sell-to-cover method as the sole way for plan participants to satisfy tax withholding obligations tied to performance-based restricted stock unit awards that vested on April 7, 2026. The issuer has indicated it will settle vested shares in several transactions over approximately 45 days between April 7, 2026 and May 21, 2026 to reduce market impact.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 10,610 shares ($110,671)
Net Sell
1 txn
Insider
Tabak Shawn
Role
CHIEF FINANCIAL OFFICER
Sold
10,610 shs ($111K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,610 | $10.4308 | $111K |
Holdings After Transaction:
Common Stock — 342,405 shares (Direct, null)
Footnotes (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 $10.12 to $10.78 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: 10,610 shares
Weighted average sale price: $10.4308 per share
Post-sale holdings: 342,405 shares
+3 more
6 metrics
Shares sold
10,610 shares
Open-market sale on April 7, 2026-related tax event
Weighted average sale price
$10.4308 per share
Common stock sale reported in Form 4
Post-sale holdings
342,405 shares
Common stock directly owned after transaction
Sale price range
$10.12–$10.78 per share
Multiple trades underlying weighted average price
PRSU vesting date
April 7, 2026
Performance-based RSU awards that triggered tax obligation
Settlement window
April 7, 2026–May 21, 2026
Planned period to settle vested PRSU shares
Key Terms
sell-to-cover method, performance-based restricted stock unit ("PRSU") awards, weighted average price
3 terms
sell-to-cover method 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"
performance-based restricted stock unit ("PRSU") awards financial
"tax withholding obligations 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
What did Porch Group (PRCH) CFO Shawn Tabak report in this Form 4?
He reported selling 10,610 shares of Porch Group common stock at a weighted average price of $10.4308 per share. The transaction was disclosed as an open-market sale and left him with 342,405 shares held directly after completion.
How are Porch Group (PRCH) PRSU awards linked to this CFO stock sale?
The sale relates to performance-based restricted stock unit awards that vested on April 7, 2026. Porch Group required a sell-to-cover transaction as the only method for participants to meet tax withholding obligations arising from settlement of those vested PRSU awards.