Porch Group Corrects RSU Error, Awards 41.9k Shares to CFO

Rhea-AI Filing Summary

Porch Group, Inc. (PRCH) – Form 4 insider filing

Chief Financial Officer Shawn Tabak reported the award of 41,887 restricted stock units (RSUs) on 25 June 2025. The RSUs were granted at no cost to the executive and represent one share of common stock per unit upon vesting. This grant replaces an April 2025 RSU award that was cancelled after the company discovered a calculation error; no value was received in connection with the cancellation.

Vesting schedule: 25 % of the RSUs will vest on 4 April 2026. The remaining 75 % will vest in equal 1⁄6-installments every six months over the subsequent 36 months, contingent on continued employment, mirroring the terms of the cancelled award.

The filing shows Tabak’s post-transaction beneficial ownership at 165,157 shares, held directly. No derivative securities were reported. There is no cash outlay by the insider, and the issuance has a de-minimis dilutive effect given PRCH’s public float. The transaction was not executed under a Rule 10b5-1 plan, and no open-market buying or selling occurred.

For investors, the disclosure is largely administrative: it corrects a prior mis-calculated award and aligns the CFO’s long-term equity incentives with shareholders. No immediate earnings, cash-flow, or strategic implications arise from this filing.

Insights

Financial Analyst

TL;DR: Routine RSU correction; negligible dilution, no trading signal or financial impact.

The Form 4 documents an equity-compensation housekeeping item. Replacing the April grant with 41,887 RSUs keeps the CFO’s incentive package intact without altering cash flows or guidance. Share count impact is immaterial versus PRCH’s float, so valuation models remain unchanged. Because no shares were sold or purchased on the open market, it offers no insight into management’s view of intrinsic value. Overall, the filing is neutral from a market-moving perspective.

Corporate Governance Expert

TL;DR: Corrective disclosure reflects sound governance; impact to investors minimal.

The company promptly corrected an RSU miscalculation, cancelled the erroneous award, and re-issued the proper amount—demonstrating internal controls and transparency. The unchanged vesting schedule preserves alignment of executive incentives with shareholder interests. There are no red flags regarding self-dealing or excessive compensation. From a governance standpoint, the response is appropriate, but it does not alter the investment thesis.

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 WA 98104

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2025

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

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

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

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(1)	06/25/2025		A		41,887(2)	A	$0	165,157	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. A grant of restricted stock units ("RSUs") was awarded to the Reporting Person on April 4, 2025, as reported on a Form 4 filed with the Securities and Exchange Commission on April 8, 2025 ("April 2025 RSU Grant"). Due to an inadvertent calculation error, the number of RSUs awarded pursuant to the April 2025 RSU Grant was incorrect. The April 2025 RSU Grant was cancelled without any value received by the Reporting Person, and the June 2025 RSU Grant was issued in lieu thereof ("June 2025 RSU Grant").

2. Represents a grant of RSUs. Each RSU represents a right to receive one share of the Issuer's common stock upon vesting. The vesting schedule of the June 2025 RSU Grant remains consistent with the April 2025 RSU Grant. 25% of the RSUs shall vest on April 4, 2026, then 1/6th of the remaining RSUs shall vest every 6 months for the next 36 months, subject to the Reporting Person's employment or service with the Issuer as contemplated in the RSU Agreement.

Remarks:

	/s/ Matthew Cullen as Attorney-in-fact for Shawn Tabak	06/27/2025
	** 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.
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FAQ

How many PRCH shares were granted to CFO Shawn Tabak on 25 June 2025?

41,887 restricted stock units were granted, each convertible into one common share upon vesting.

Why was a new RSU grant issued to PRCH's CFO?

The April 2025 RSU grant contained a calculation error; it was cancelled and replaced by the June 2025 grant.

What is the vesting schedule for the June 2025 RSU grant at Porch Group?

25 % vests on 4 Apr 2026; the remaining units vest in six equal semi-annual tranches over the next 36 months.

Did the CFO pay anything for the 41,887 RSUs?

No. The RSUs were issued at $0 cost as part of his equity compensation package.

Does the Form 4 indicate any open-market buying or selling of PRCH shares?

No. The filing only reports an equity grant; no purchases or sales were executed.