Porch Group COO sells shares to cover taxes

Porch Group, Inc. Chief Operating Officer Matthew Neagle reported an open-market sale of 60,802 shares of Common Stock at a weighted average price of $10.4308 per share.

Rhea-AI Filing Summary

Porch Group, Inc. Chief Operating Officer Matthew Neagle reported an open-market sale of 60,802 shares of Common Stock at a weighted average price of $10.4308 per share. The sale was required by the company under a sell-to-cover method to satisfy tax withholding obligations tied to performance-based restricted stock units that vested on April 7, 2026.

Following this tax-related sale, Neagle continues to hold 2,236,922 shares of Porch Group Common Stock directly. The shares were sold in multiple transactions at prices ranging from $10.12 to $10.78 per share.

Insider Trade Summary

Net Seller: 60,802 shares

Net Sell 1 txn

Insider Neagle Matthew

Role Chief Operating Officer

Sold 60,802 shs ($634K)

Type	Security	Shares	Price	Value
Sale	Common Stock	60,802	$10.4308	$634K

Holdings After Transaction: Common Stock — 2,236,922 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 $10.12 to $10.78 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: 60,802 shares Weighted average sale price: $10.4308 per share Post-transaction holdings: 2,236,922 shares +2 more

5 metrics

Shares sold 60,802 shares Open-market sale on April 7, 2026 to cover taxes

Weighted average sale price $10.4308 per share Common Stock sale required for tax withholding

Post-transaction holdings 2,236,922 shares Common Stock held directly after the reported sale

Sale price range $10.12–$10.78 per share Multiple transactions within this price range

Settlement window for PRSUs Approximately 45 days Between April 7, 2026 and May 21, 2026

Key Terms

sell-to-cover method, performance-based restricted stock unit, weighted average price, tax withholding obligations

4 terms

sell-to-cover method financial

"This sale was required by the Issuer at its election (without any discretion by the Reporting Person) under a sell-to-cover method"

performance-based restricted stock unit financial

"in connection with the settlement of performance-based restricted stock unit ("PRSU") awards that vested"

A performance-based restricted stock unit is a promise of company shares given to an employee that only becomes actual stock if specific performance targets are met and any required time at the company is completed. For investors, these awards matter because they can dilute existing shares when earned and signal management’s confidence or the company’s expected future performance, much like a bonus cheque that only clears when pre-set goals are reached.

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.

tax withholding obligations financial

"sole means for plan participants to satisfy tax withholding obligations in connection with the settlement"

FAQ

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

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

Matthew Neagle reported selling 60,802 shares of Porch Group Common Stock. The sale was required by the company to cover tax withholding on vested performance-based restricted stock units, rather than a discretionary portfolio decision.

Why did the Porch Group (PRCH) COO sell 60,802 shares of stock?

The shares were sold under a required sell-to-cover method to pay tax withholding obligations. These obligations arose from performance-based restricted stock unit awards that vested on April 7, 2026, making the sale a compensation-related event.

At what prices were the Porch Group (PRCH) shares sold by the COO?

The reported weighted average sale price was $10.4308 per share. Individual trades occurred in multiple transactions at prices ranging from $10.12 to $10.78 per share, according to the filing’s footnote disclosure.

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

After the tax-related sale, Matthew Neagle directly holds 2,236,922 shares of Porch Group Common Stock. This figure reflects his position immediately following the reported transaction, as stated in the Form 4.

Was the Porch Group (PRCH) COO’s stock sale a discretionary open-market decision?

No, the sale was carried out at the issuer’s election as the sole means to cover tax withholding. The footnote states Neagle had no discretion over the sale, which was tied to vesting performance-based restricted stock units.

Over what period will Porch Group (PRCH) settle the vested PRSU shares?

The company intends to settle vested Common Stock for these performance-based restricted stock unit awards in several transactions. The filing notes this settlement will occur over approximately 45 days between April 7, 2026 and May 21, 2026.

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

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Accepted by SEC EDGAR 05/07/2026 - 05:36 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)
05/05/2026

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	05/05/2026		S(1)		60,802	D	$10.4308(2)	2,236,922	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 $10.12 to $10.78 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	05/07/2026
	** 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)