Porch Group (NASDAQ: PRCH) CFO sells 25,000 shares in Rule 10b5-1 plan
Rhea-AI Filing Summary
Porch Group, Inc. chief financial officer Shawn Tabak reported a sale of 25,000 shares of common stock on August 5, 2026 at a weighted average price of $16.2063 per share, with trade prices between $16.025 and $16.540. Following the sale, he directly holds 215,495 shares. The transaction was made under a Rule 10b5-1 trading plan entered on November 19, 2025, which permits sales of up to 140,000 shares and is scheduled to terminate on March 31, 2027. The company reports that proceeds are being used to help satisfy the reporting person’s tax obligations.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 25,000 shares
Net Sell
1 txn
Insider
Tabak Shawn
Role
CHIEF FINANCIAL OFFICER
Sold
25,000 shs ($405K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 25,000 | $16.2063 | $405K |
Holdings After Transaction:
Common Stock — 215,495 shares (Direct)
Footnotes (2)
- F1. Represents a sale pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on November 19, 2025 (the "10b5-1 Plan"). The 10b5-1 Plan is scheduled to terminate on March 31, 2027, and covers the sale of up to an aggregate of 140,000 shares of the Issuer's common stock. The remaining shares covered by the 10b5-1 plan are at a limit price that exceeds the most recent Nasdaq closing price. Trading under the 10b5-1 Plan did not commence until at least 90 days following the date on which the plan was entered. This sale was effected in connection with tax planning, and the proceeds from the transaction are being used to help satisfy tax obligations of the Reporting Person.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.025 to $16.540 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: 25,000 shares
Weighted average sale price: $16.2063 per share
Sale price range: $16.025–$16.540 per share
+4 more
7 metrics
Shares sold
25,000 shares
Common Stock sold on August 5, 2026 by CFO Shawn Tabak
Weighted average sale price
$16.2063 per share
Average price for the 25,000 shares sold on August 5, 2026
Sale price range
$16.025–$16.540 per share
Range of prices for individual trades in the reported sale
Shares held after sale
215,495 shares
Direct Porch Group common stock holdings of Shawn Tabak after transaction
10b5-1 plan size
140,000 shares
Maximum aggregate shares of Porch Group common stock covered for sale
10b5-1 plan entry date
November 19, 2025
Date CFO Shawn Tabak entered into the Rule 10b5-1 trading plan
10b5-1 plan termination date
March 31, 2027
Scheduled termination date of the trading plan
Key Terms
Rule 10b5-1 trading plan, weighted average price, Nasdaq closing price
3 terms
Rule 10b5-1 trading plan regulatory
"Represents a sale pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
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.
Nasdaq closing price market
"remaining shares covered by the 10b5-1 plan are at a limit price that exceeds the most recent Nasdaq closing price"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider sale did Porch Group (PRCH) report for CFO Shawn Tabak?
CFO Shawn Tabak sold 25,000 shares of Porch Group common stock on August 5, 2026 at a weighted average price of $16.2063 per share. The shares were sold in multiple trades at prices ranging from $16.025 to $16.540 per share.
How will the proceeds from the Porch Group (PRCH) CFO’s stock sale be used?
According to the disclosure, the sale was effected in connection with tax planning, and the proceeds are being used to help satisfy tax obligations of reporting person Shawn Tabak. This rationale is explicitly stated in the transaction’s explanatory footnote.