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Porch Group (PRCH) COO has 59,983 shares sold to cover taxes

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Porch Group, Inc. Chief Operating Officer Matthew Neagle reported an open-market sale of 59,983 shares of Common Stock at a weighted average price of $10.3405 per share. The footnotes state this sale was required by the company under a sell-to-cover method to satisfy tax withholding obligations tied to performance-based RSU awards that vested on April 7, 2026.

The company has indicated it will settle vested Common Stock for these awards in several transactions over approximately 45 days between April 7, 2026 and May 21, 2026. After this transaction, Neagle directly holds 2,053,049 shares of Porch Group common stock.

Positive

  • None.

Negative

  • None.
Insider Neagle Matthew
Role Chief Operating Officer
Sold 59,983 shs ($620K)
Type Security Shares Price Value
Sale Common Stock 59,983 $10.3405 $620K
Holdings After Transaction: Common Stock — 2,053,049 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 $10.02 to $10.79 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.
Shares sold 59,983 shares Open-market sale on April 7, 2026-related vesting period
Weighted average sale price $10.3405 per share Reported in Column 4 for the Form 4 transaction
Sale price range $10.02–$10.79 per share Multiple transactions within this price band
Shares held after transaction 2,053,049 shares Direct ownership following the reported sale
PRSU vesting date April 7, 2026 Performance-based RSU awards vesting date triggering tax obligations
Settlement window April 7, 2026 to May 21, 2026 Approx. 45-day period for multiple settlement transactions
sell-to-cover method financial
"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..."
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."
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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Operating Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/15/2026S(1)59,983D$10.3405(2)2,053,049D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 $10.02 to $10.79 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 Neagle05/19/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Porch Group (PRCH) report for COO Matthew Neagle?

Porch Group reported that COO Matthew Neagle had 59,983 shares of Common Stock sold on his behalf. The transaction used a weighted average price of $10.3405 per share and was disclosed as an open-market sale under Form 4.

Why were 59,983 Porch Group (PRCH) shares sold for COO Matthew Neagle?

The 59,983 shares were sold under a company-required sell-to-cover method to satisfy tax withholding obligations. This related to the settlement of performance-based restricted stock unit (PRSU) awards that vested on April 7, 2026, with transactions spread over about 45 days.

What price range applied to the Porch Group (PRCH) insider share sale?

The reported weighted average sale price was $10.3405 per share. According to the disclosure, the shares were actually sold in multiple transactions at prices ranging from $10.02 to $10.79 per share, reflecting varied execution prices within that band.

How many Porch Group (PRCH) shares does COO Matthew Neagle hold after the sale?

Following the tax-related sale, COO Matthew Neagle directly holds 2,053,049 shares of Porch Group Common Stock. This figure reflects his position after the 59,983 shares were sold to cover tax withholding obligations associated with vested performance-based RSU awards.

Was the Porch Group (PRCH) COO share sale discretionary or company-directed?

The filing states the sale was required by the issuer at its election, leaving no discretion to the reporting person. It was the sole method offered to plan participants to cover tax withholding for PRSU awards that vested on April 7, 2026.