Porch COO sells shares to cover PRSU taxes

Porch Group, Inc. Chief Operating Officer Matthew Neagle reported an open-market sale of 62,344 shares of common stock at a weighted average price of $9.7758 per share.

Rhea-AI Filing Summary

Porch Group, Inc. Chief Operating Officer Matthew Neagle reported an open-market sale of 62,344 shares of common stock at a weighted average price of $9.7758 per share. The footnotes state this sale was required by the company under a sell-to-cover method to satisfy tax withholding on performance-based RSU awards that vested on April 7, 2026. After the transaction, Neagle directly holds 1,990,705 shares of Porch Group common stock. The shares were sold in multiple trades at prices ranging from $9.61 to $10.08 per share.

Insider Trade Summary

Net Seller: 62,344 shares

Net Sell 1 txn

Insider Neagle Matthew

Role Chief Operating Officer

Sold 62,344 shs ($609K)

Type	Security	Shares	Price	Value
Sale	Common Stock	62,344	$9.7758	$609K

Holdings After Transaction: Common Stock — 1,990,705 shares (Direct)

Footnotes (2)

1. F1. 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. F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.61 to $10.08 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: 62,344 shares Weighted average sale price: $9.7758 per share Post-transaction holdings: 1,990,705 shares +1 more

4 metrics

Shares sold 62,344 shares Open-market sale on April 7–May 21, 2026 sell-to-cover period

Weighted average sale price $9.7758 per share Reported in Column 4 for the 62,344-share sale

Post-transaction holdings 1,990,705 shares Common stock directly held after the reported sale

Sale price range $9.61–$10.08 per share Multiple transactions executed within this price band

Key Terms

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

3 terms

sell-to-cover method 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"

performance-based restricted stock unit ("PRSU") awards financial

"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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

Porch Group reported that COO Matthew Neagle sold 62,344 shares of common stock. The transaction was an open-market sale executed under a company-directed sell-to-cover arrangement tied to vested performance-based RSU awards and related tax withholding obligations.

Why did Porch Group COO Matthew Neagle sell 62,344 PRCH shares?

The sale was required by Porch Group under a sell-to-cover method to satisfy tax withholding obligations. It related to performance-based restricted stock unit awards that vested on April 7, 2026, rather than a discretionary decision by Neagle to reduce his holdings.

What price did Matthew Neagle receive for his Porch Group (PRCH) share sale?

Neagle received a weighted average price of $9.7758 per share for 62,344 shares. Footnotes explain the sale occurred in multiple trades at prices ranging from $9.61 to $10.08 per share during the tax-related sell-to-cover transaction.

How many Porch Group (PRCH) shares does Matthew Neagle hold after this transaction?

After the tax-related sale of 62,344 shares, Matthew Neagle directly holds 1,990,705 shares of Porch Group common stock. This figure reflects his position immediately following the reported transaction, as disclosed in the Form 4 filing’s ownership table.

Was Matthew Neagle’s Porch Group (PRCH) share sale part of routine equity compensation?

Yes. Footnotes describe the sale as required by Porch Group under a sell-to-cover method. It was the sole means for plan participants to pay tax withholding on performance-based RSU awards that vested on April 7, 2026, indicating a compensation-driven transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/21/2026 - 05:43 PM Learn about SEC filing dates

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)
05/20/2026

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	05/20/2026		S(1)		62,344	D	$9.7758(2)	1,990,705	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 $9.61 to $10.08 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	05/21/2026
	** 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)