Porch Group (PRCH) COO executes 62,801-share sell-to-cover tax sale

Rhea-AI Filing Summary

Porch Group, Inc. Chief Operating Officer Matthew Neagle reported an open-market sale of 62,801 shares of common stock on April 21, 2026 at a weighted average price of $8.1156 per share. These shares were sold at prices ranging from $7.92 to $8.48 per share.

According to the footnotes, this sale was required by the company under a sell-to-cover method as the sole way for plan participants to satisfy tax withholding obligations tied to performance-based restricted stock units that vested on April 7, 2026. After the transaction, Neagle directly owned 2,485,878 shares of Porch Group common stock.

Insights

Equity compensation and insider-transactions analyst

Routine tax-related sale; COO retains a large equity stake.

The transaction shows Porch Group COO Matthew Neagle sold 62,801 shares of common stock at a weighted average of $8.1156 per share. Footnotes state the sale was required by the company under a sell-to-cover approach for tax withholding on vested PRSU awards.

This makes the event more mechanical than discretionary, even though it is coded as an open-market sale. Following the transaction, Neagle still holds 2,485,878 shares, so the sale represents a small portion of his position and appears routine in scale.

The company also notes that settlement of these performance-based RSU shares will occur in several transactions between April 7, 2026 and May 21, 2026 to reduce market impact. Future Form 4s during this window may reflect additional tax-driven sell-to-cover activity.

Insider Trade Summary

Net Seller: 62,801 shares ($509,668)

Net Sell 1 txn

Insider Neagle Matthew

Role Chief Operating Officer

Sold 62,801 shs ($510K)

Type	Security	Shares	Price	Value
Sale	Common Stock	62,801	$8.1156	$510K

Holdings After Transaction: Common Stock — 2,485,878 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 $7.92 to $8.48 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: 62,801 shares Weighted average sale price: $8.1156 per share Sale price range: $7.92–$8.48 per share +3 more

6 metrics

Shares sold 62,801 shares Open-market sale on April 21, 2026

Weighted average sale price $8.1156 per share Common stock sale on April 21, 2026

Sale price range $7.92–$8.48 per share Multiple transactions comprising the reported sale

Shares held after transaction 2,485,878 shares Direct holdings of COO after April 21, 2026 sale

Vesting date for PRSU awards April 7, 2026 Performance-based RSUs triggering sell-to-cover tax sale

Planned settlement window April 7, 2026 to May 21, 2026 Period over which PRSU shares will be settled

Key Terms

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

3 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 at prices ranging from $7.92 to $8.48 per share"

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 →

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)
04/21/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/21/2026		S(1)		62,801	D	$8.1156(2)	2,485,878	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. 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 $7.92 to $8.48 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 Neagle	04/23/2026
	** 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)

FAQ

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

Porch Group reported that COO Matthew Neagle sold 62,801 shares of common stock on April 21, 2026 at a weighted average price of $8.1156 per share. The sale was recorded as an open-market transaction coded “S.”

Was the PRCH COO’s April 21, 2026 stock sale discretionary?

No. Footnotes explain the sale was required by the company under a sell-to-cover method to satisfy tax withholding obligations on performance-based RSU awards that vested on April 7, 2026, rather than a discretionary decision to reduce his stake.

How many Porch Group (PRCH) shares does the COO hold after this Form 4?

After selling 62,801 shares, COO Matthew Neagle directly holds 2,485,878 shares of Porch Group common stock. This indicates the reported transaction is relatively small compared with his remaining equity position in the company.

What price range applied to the COO’s PRCH share sale on April 21, 2026?

The filing states a weighted average sale price of $8.1156 per share, with individual trades executed between $7.92 and $8.48 per share. The insider offers to provide detailed breakdowns of shares sold at each separate price upon request.

Why is Porch Group using sell-to-cover transactions for PRSU tax withholding?

The company elected sell-to-cover as the sole method for plan participants to satisfy tax withholding on performance-based RSU awards. Shares are being settled in several transactions between April 7, 2026 and May 21, 2026, which the company states is intended to reduce market impact.