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.
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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.
How many Porch Group (PRCH) shares did CFO Shawn Tabak sell?
CFO Shawn Tabak sold 10,706 shares of Porch Group common stock on December 11, 2025 and 24,294 shares on December 15, 2025.
At what prices were the Porch Group (PRCH) shares sold by the CFO?
The December 11, 2025 sale was at a weighted average price of $9.9928 per share, and the December 15, 2025 sale was at a weighted average price of $9.6636 per share.
How many Porch Group (PRCH) shares does the CFO own after these sales?
After the reported transactions, CFO Shawn Tabak beneficially owns 118,130 shares of Porch Group common stock.
What are the key terms of the CFOs Rule 10b5-1 trading plan for Porch Group (PRCH) shares?
The Rule 10b5-1 trading plan was entered into on December 10, 2024, is scheduled to terminate on March 31, 2026, and covers sales of up to an aggregate of 205,000 shares of Porch Group common stock.
Why did the Porch Group (PRCH) CFO sell shares according to the filing?
The filing explains that the reported sale was effected in connection with tax planning, and the proceeds are being used to help satisfy the CFOs tax obligations.
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.