Were the Porch Group (PRCH) share sales by the COO discretionary trades?

No, the sales were not discretionary trades. The company required these transactions to sell 28,825 shares at a weighted average $7.1889 to cover tax withholding on RSUs that vested in April 2026, under a sell-to-cover method adopted for all plan participants.

Porch Group (PRCH) COO receives RSUs, sells shares to cover taxes

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Porch Group, Inc. Chief Operating Officer Matthew Neagle reported stock-based compensation awards and related tax sales. He received 104,592 restricted stock units under the company’s 2026 long-term equity incentive program, vesting over four years, and a separate grant of 52,030 shares tied to above-target 2025 bonus performance.

On the same date, 28,825 shares of common stock were sold at a weighted average price of $7.1889 per share solely to cover tax withholding obligations from RSU vesting, pursuant to the company’s required sell-to-cover method and without his trading discretion. After these transactions, he directly holds 2,754,083 Porch Group shares.

Insider Trade Summary

Net Seller: 28,825 shares ($207,220)

Net Sell 5 txns

Insider Neagle Matthew

Role Chief Operating Officer

Sold 28,825 shs ($207K)

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	104,592	$0.00	--
Grant/Award	Common Stock	52,030	$0.00	--
Sale	Common Stock	9,765	$7.1889	$70K
Sale	Common Stock	10,359	$7.1889	$74K
Sale	Common Stock	8,701	$7.1889	$63K

Holdings After Transaction: Common Stock — 2,730,878 shares (Direct)

Footnotes (1)

Represents a grant of restricted stock units ("RSUs") under the Company's 2026 long-term equity incentive program. Each RSU represents a right to receive one share of the Issuer's common stock upon vesting. 25% of the RSUs shall vest on April 7, 2027, then 1/6th of the remaining RSUs shall vest every 6 months for the remaining 36 months of the 48-month vesting period, subject to the Reporting Person's employment or service with the Issuer as contemplated in the RSU Agreement. At the determination of the Compensation Committee, represents a grant of the Issuer's common stock for the portion of achieving in excess of target performance for the annual bonus program for 2025. 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 April 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, 2025, subject to the Reporting Person's continuous employment or service with the Issuer. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.19 to $7.27 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. 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 April 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, 2023, subject to the Reporting Person's continuous employment or service with the Issuer. 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 April 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, 2024, subject to the Reporting Person's continuous employment or service with the Issuer.

Key Figures

2026 RSU grant: 104,592 RSUs Performance stock grant: 52,030 shares Tax-related share sales: 28,825 shares +3 more

6 metrics

2026 RSU grant 104,592 RSUs Granted under 2026 long-term equity incentive program

Performance stock grant 52,030 shares Award for exceeding 2025 annual bonus target performance

Tax-related share sales 28,825 shares Shares sold to cover RSU tax withholding on April 2026 vesting

Weighted average sale price $7.1889 per share Open-market sales executed in multiple trades between $7.19–$7.27

Shares held after transactions 2,754,083 shares Direct Porch Group common stock ownership post-awards and tax sales

Total equity awards reported 156,622 shares Sum of RSU grant and performance-based stock grant

Key Terms

restricted stock units ("RSUs"), long-term equity incentive program, sell-to-cover method, tax withholding obligations, +1 more

5 terms

restricted stock units ("RSUs") financial

"Represents a grant of restricted stock units ("RSUs") under the Company's 2026 long-term equity incentive program."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

long-term equity incentive program financial

"Represents a grant of restricted stock units ("RSUs") under the Company's 2026 long-term equity incentive program."

sell-to-cover method financial

"The Issuer has adopted this sell-to-cover method as the sole means for plan participants to satisfy tax withholding obligations"

tax withholding obligations financial

"represents shares sold to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units ("RSUs")"

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.

Form 4 Insider Transactions: What Each Field Means →

04/09/2026 - 05:39 PM

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)
04/07/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/07/2026		A		104,592⁽¹⁾	A	$0	2,730,878	D
Common Stock	04/07/2026		A		52,030⁽²⁾	A	$0	2,782,908	D
Common Stock	04/07/2026		S⁽³⁾		9,765	D	$7.1889⁽⁴⁾	2,773,143	D
Common Stock	04/07/2026		S⁽⁵⁾		10,359	D	$7.1889⁽⁴⁾	2,762,784	D
Common Stock	04/07/2026		S⁽⁶⁾		8,701	D	$7.1889⁽⁴⁾	2,754,083	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents a grant of restricted stock units ("RSUs") under the Company's 2026 long-term equity incentive program. Each RSU represents a right to receive one share of the Issuer's common stock upon vesting. 25% of the RSUs shall vest on April 7, 2027, then 1/6th of the remaining RSUs shall vest every 6 months for the remaining 36 months of the 48-month vesting period, subject to the Reporting Person's employment or service with the Issuer as contemplated in the RSU Agreement.

2. At the determination of the Compensation Committee, represents a grant of the Issuer's common stock for the portion of achieving in excess of target performance for the annual bonus program for 2025.

3. 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 April 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, 2025, subject to the Reporting Person's continuous employment or service with the Issuer.

4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.19 to $7.27 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.

5. 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 April 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, 2023, subject to the Reporting Person's continuous employment or service with the Issuer.

6. 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 April 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, 2024, subject to the Reporting Person's continuous employment or service with the Issuer.

Remarks:

	/s/Meghan Silver as Attorney-in-fact for Matthew Neagle	04/09/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Porch Group (PRCH) COO Matthew Neagle report in this Form 4?

He reported new stock-based compensation and related tax sales. Neagle received RSU and stock grants totaling 156,622 shares and had 28,825 shares sold to cover tax withholding from RSU vesting, ending with 2,754,083 shares held directly.

How many Porch Group (PRCH) RSUs did the COO receive and how do they vest?

He received 104,592 restricted stock units under the 2026 long-term equity incentive program. Twenty-five percent vest on April 7, 2027, then one-sixth of the remaining units vest every six months over the following three years, subject to continued employment.

What is the purpose of the additional 52,030 Porch Group (PRCH) shares granted?

The 52,030-share grant represents common stock awarded for performance above target in Porch Group’s 2025 annual bonus program. The award reflects Compensation Committee determinations and is part of the COO’s incentive-based compensation rather than an open-market purchase.

How many Porch Group (PRCH) shares does the COO hold after these transactions?

Following the awards and tax-related sales, Matthew Neagle holds 2,754,083 shares of Porch Group common stock directly. This figure reflects the cumulative effect of the RSU grant, performance share grant, and the shares sold to satisfy withholding taxes.

What are the ongoing vesting schedules for the Porch Group (PRCH) RSU grants mentioned?

RSUs from prior grants continue to vest semi-annually. The 2025 grant vests every six months over a 48-month period starting April 4, 2025, while the 2023 and 2024 grants vest every six months over 48 months beginning April 5, 2023 and April 5, 2024, respectively.