Porch Group (PRCH) CFO reports planned stock sales for tax obligations
Rhea-AI Filing Summary
Porch Group, Inc. reported that its Chief Financial Officer, Shawn Tabak, sold common stock in two transactions under a pre-arranged Rule 10b5-1 trading plan. On December 11, 2025, he sold 10,706 shares at a weighted average price of $9.9928 per share, and on December 15, 2025, he sold 24,294 shares at a weighted average price of $9.6636 per share.
The filing states that these sales were made in connection with tax planning and that the proceeds are being used to help satisfy his tax obligations. After these transactions, Tabak beneficially owns 118,130 shares of Porch Group common stock. The 10b5-1 plan was entered into on December 10, 2024, is scheduled to terminate on March 31, 2026, and covers up to an aggregate of 205,000 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 24,294 | $9.6636 | $235K |
| Sale | Common Stock | 10,706 | $9.9928 | $107K |
Footnotes (1)
- Represents a sale pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on December 10, 2024 (the "10b5-1 Plan"). The 10b5-1 Plan is scheduled to terminate on March 31, 2026, and covers the sale of up to an aggregate of 205,000 shares of the Issuer's common stock. 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.86 to $10.07 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. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.48 to $10.10 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.
FAQ
What insider transaction did Porch Group (PRCH) disclose in this filing?
Porch Group disclosed that its Chief Financial Officer, Shawn Tabak, sold shares of the companys common stock in two transactions, reported on a Form 4 insider transaction report.
Were the Porch Group (PRCH) CFOs sales under a pre-arranged plan?
Yes. The filing states that the transactions were made pursuant to a Rule 10b5-1 trading plan, with trading not commencing until at least 90 days after the plan was entered.