Were the Porch Group (PRCH) COO’s share sales part of regular compensation events?

Yes. The filing explains the sales were tied to settlement of performance-based restricted stock unit awards and an annual bonus-related common stock grant that vested on April 7, 2026. The company uses sell-to-cover as the sole means for participants to satisfy related tax withholding.

Porch Group (PRCH) COO sells 83,599 shares in tax-related sell-to-cover

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Porch Group, Inc. Chief Operating Officer Matthew Neagle reported issuer-directed sales of Common Stock to cover taxes on equity compensation. On April 14, 2026, a total of 83,599 shares were sold at a weighted average price of $6.8422 per share under a sell-to-cover method required by the company, leaving him with 2,607,657 shares held directly. The sales satisfied tax withholding obligations tied to performance-based restricted stock units that vested on April 7, 2026 and an April 7, 2026 stock grant, and were executed in multiple trades between $6.61 and $7.06 per share.

Insider Trade Summary

Net Seller: 83,599 shares ($572,001)

Net Sell 2 txns

Insider Neagle Matthew

Role Chief Operating Officer

Sold 83,599 shs ($572K)

Type	Security	Shares	Price	Value
Sale	Common Stock	60,681	$6.8422	$415K
Sale	Common Stock	22,918	$6.8422	$157K

Holdings After Transaction: Common Stock — 2,630,575 shares (Direct)

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 $6.61 to $7.06 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 settlement of the April 7, 2026 common stock grant, granted at the determination of the Compensation Committee for the portion of achieving in excess of target performance for the annual bonus program for 2025. 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.

Key Figures

Shares sold: 83,599 shares Weighted average sale price: $6.8422 per share Sale price range: $6.61–$7.06 per share +2 more

5 metrics

Shares sold 83,599 shares Common Stock sold on April 14, 2026

Weighted average sale price $6.8422 per share Tax-related sell-to-cover transactions

Sale price range $6.61–$7.06 per share Multiple trades on April 14, 2026

Shares held after transaction 2,607,657 shares Direct ownership after April 14, 2026 sales

Number of sale transactions 2 transactions Non-derivative Common Stock entries

Key Terms

sell-to-cover, performance-based restricted stock unit ("PRSU") awards, weighted average price, tax withholding obligations, +1 more

5 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"

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

"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."

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

"shares sold to cover tax withholding obligations in connection with the settlement of the April 7, 2026 common stock grant"

annual bonus program financial

"for the portion of achieving in excess of target performance for the annual bonus program for 2025"

Form 4 Insider Transactions: What Each Field Means →

04/16/2026 - 05:33 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)
04/14/2026

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	04/14/2026		S⁽¹⁾		60,681	D	$6.8422⁽²⁾	2,630,575	D
Common Stock	04/14/2026		S⁽³⁾		22,918	D	$6.8422⁽²⁾	2,607,657	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 $6.61 to $7.06 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.

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 settlement of the April 7, 2026 common stock grant, granted at the determination of the Compensation Committee for the portion of achieving in excess of target performance for the annual bonus program for 2025. 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.

Remarks:

	/s/Meghan Silver as Attorney-in-fact for Matthew Neagle	04/16/2026
	** 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?

Matthew Neagle reported sales of Common Stock that were required by Porch Group to cover tax withholding on vested equity awards. These were issuer-directed sell-to-cover transactions rather than discretionary open-market sales, relating to recent performance-based and bonus-related stock settlements.

How many Porch Group (PRCH) shares did the COO sell and at what price?

He reported selling 83,599 Common Stock shares on April 14, 2026 at a weighted average price of $6.8422 per share. The shares were sold in multiple trades with individual prices ranging from $6.61 to $7.06, as disclosed in the filing footnotes.

Why were Matthew Neagle’s Porch Group (PRCH) shares sold?

The shares were sold under a company-required sell-to-cover arrangement to satisfy tax withholding obligations on vested performance-based restricted stock units and an April 7, 2026 common stock grant. The filing states the issuer elected this as the sole method for plan participants to pay related taxes.

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

After the April 14, 2026 sell-to-cover transactions, Matthew Neagle directly holds 2,607,657 shares of Porch Group Common Stock. This post-transaction balance, disclosed in the Form 4, shows he retains a substantial equity position in the company following the tax-related share sales.

At what price range were the Porch Group (PRCH) COO’s shares sold?

The weighted average sale price was $6.8422 per share, but the filing notes individual trades occurred between $6.61 and $7.06 per share. The reporting person offers to provide detailed trade-by-trade pricing information upon request to interested parties.