Was the Porch Group (PRCH) CFO’s share sale a discretionary trade?

The filing states the sale was required by the issuer under a sell-to-cover method, leaving no discretion to the reporting person. It served as the sole means for plan participants to satisfy tax withholding obligations on vested performance-based restricted stock unit awards.

What triggered the tax-related share sale for the Porch Group (PRCH) CFO?

The sale was connected to performance-based restricted stock unit awards that vested on April 7, 2026. The issuer used a sell-to-cover method over approximately 45 days, between April 7, 2026 and May 21, 2026, to satisfy tax withholding obligations for these vested awards.

Tax-driven share sale by Porch Group (PRCH) CFO after PRSU vesting

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Porch Group, Inc.’s chief financial officer, Shawn Tabak, reported an issuer-directed sale of common stock tied to tax withholding. On this Form 4, he sold 11,215 shares of Porch Group common stock at a weighted average price of $9.7891 per share in an open-market transaction.

According to the footnotes, the sale was required by the company under a sell-to-cover method as the sole way for plan participants to satisfy tax withholding obligations on performance-based restricted stock unit awards that vested on April 7, 2026. After this transaction, Tabak directly holds 353,015 shares of common stock. The footnotes note that the sale price reflects multiple trades between $9.735 and $10.230 per share, and that the issuer expects to settle these vested PRSU awards in several transactions over approximately 45 days between April 7, 2026 and May 21, 2026.

Insider Trade Summary

Net Seller: 11,215 shares ($109,785)

Net Sell 1 txn

Insider Tabak Shawn

Role CHIEF FINANCIAL OFFICER

Sold 11,215 shs ($110K)

Type	Security	Shares	Price	Value
Sale	Common Stock	11,215	$9.7891	$110K

Holdings After Transaction: Common Stock — 353,015 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 $9.735 to $10.230 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: 11,215 shares Weighted average sale price: $9.7891 per share Post-transaction holdings: 353,015 shares +2 more

5 metrics

Shares sold 11,215 shares Open-market sale on April 7, 2026-related tax event

Weighted average sale price $9.7891 per share Common stock sale tied to tax withholding

Post-transaction holdings 353,015 shares Directly owned common stock after reported sale

Sale price range $9.735–$10.230 per share Multiple transactions underlying weighted average price

PRSU vesting date range April 7, 2026 to May 21, 2026 Planned settlement window for vested PRSU awards

Key Terms

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

4 terms

sell-to-cover financial

"This 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") 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.

tax withholding obligations financial

"sell-to-cover method as the sole means for plan participants to satisfy tax withholding obligations in connection with the settlement of PRSU awards"

Form 4 Insider Transactions: What Each Field Means →

05/05/2026 - 05:47 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^*

Tabak Shawn

(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 FINANCIAL OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

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	05/01/2026		S⁽¹⁾		11,215	D	$9.7891⁽²⁾	353,015	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. 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 $9.735 to $10.230 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 Shawn Tabak	05/05/2026
	** 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) CFO Shawn Tabak report on this Form 4?

He reported an issuer-directed open-market sale of 11,215 shares of Porch Group common stock at a weighted average price of $9.7891 per share. This transaction is tied to tax withholding for vested performance-based restricted stock units.

How many Porch Group (PRCH) shares did the CFO sell and at what prices?

Shawn Tabak sold 11,215 shares of Porch Group common stock. The reported $9.7891 per share is a weighted average; the shares were sold in multiple transactions at prices ranging from $9.735 to $10.230 per share, as detailed in the footnotes.

How many Porch Group (PRCH) shares does the CFO hold after this transaction?

Following the reported sale, the Form 4 states that Shawn Tabak directly holds 353,015 shares of Porch Group common stock. This post-transaction holding reflects his remaining direct equity position after satisfying the tax-related sell-to-cover requirement.