Porch Group COO has shares withheld for RSU taxes

Porch Group, Inc. Chief Operating Officer Matthew Neagle reported two tax-withholding dispositions of common stock on October 5, 2025, totaling 27,724 shares at $17.02 per share.

Rhea-AI Filing Summary

Porch Group, Inc. Chief Operating Officer Matthew Neagle reported two tax-withholding dispositions of common stock on October 5, 2025, totaling 27,724 shares at $17.02 per share. The shares were withheld in connection with semi-annual vesting of RSU grants that vest ratably every 6 months over a 48-month term, subject to his continuous employment. Following these transactions, he holds 981,630 shares of common stock directly.

Insights

Compensation & Equity Analyst

Withheld shares reflect routine tax withholding on RSU vesting; no open‑market sale disclosed.

The transactions reported as code F show 27,724 shares were withheld at $17.02 to satisfy tax obligations tied to RSU vesting from grants dated 04/07/2023 and 04/05/2024. These are internal withholdings that reduce the reporting line's share count but arise from compensation vesting rather than a voluntary sale.

Key dependencies include continued employment for future vesting under the stated 48‑month schedules; watch subsequent semi‑annual filings for further vesting and any change to withholding practices over the next 12 months.

Corporate Governance Specialist

Holding levels remain large, indicating continued insider exposure to shareholder outcomes.

The reporting person retains a substantial direct position after withholding (~994k and ~982k shares reported), which aligns insider incentives with long‑term performance. The form indicates direct ownership with no indirect ownership tags or option exercises reported.

Risks to monitor include any future open‑market sales or plan changes; the next two scheduled vesting events (semi‑annual) will show whether withholding frequency or amounts shift within the current fiscal year.

Insider Trade Summary

Exercise Price or Tax Liability: 27,724 shares

Exercise Price or Tax Liability 2 txns

Insider Neagle Matthew

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	15,068	$17.02	$256K
Exercise Price or Tax Liability	Common Stock	12,656	$17.02	$215K

Holdings After Transaction: Common Stock — 981,630 shares (Direct)

Footnotes (2)

1. F1. These shares represent shares withheld on the semi-annual vesting of the Reporting Person's April 7, 2023 RSU grant. The RSUs will continue to vest ratably every 6 months over the remaining term of the 48-month vesting, subject to the Reporting Person's continuous employment or service with the Issuer.
2. F2. These shares represent shares withheld on the semi-annual vesting of the Reporting Person's April 5, 2024 RSU Grant. The RSUs will continue to vest ratably every 6 months over the remaining term of the 48-month vesting, subject to the Reporting Person's continuous employment or service with the Issuer.

Key Figures

Tax-withheld shares: 27,724 shares First withholding lot: 15,068 shares Second withholding lot: 12,656 shares +4 more

7 metrics

Tax-withheld shares 27,724 shares Total shares withheld for taxes on October 5, 2025 RSU vesting

First withholding lot 15,068 shares Common stock withheld for tax liability at $17.02 per share

Second withholding lot 12,656 shares Additional common stock withheld for tax liability at $17.02 per share

Withholding price $17.02 per share Price used to value shares withheld for RSU tax obligations

Post-transaction holdings 981,630 shares Direct common stock holdings after tax-withholding dispositions

RSU vesting term 48 months RSU grants vest ratably every 6 months over 48 months

Vesting frequency every 6 months Semi-annual vesting schedule for April 2023 and April 2024 RSU grants

Key Terms

tax-withholding disposition, RSU grant, semi-annual vesting

3 terms

tax-withholding disposition financial

"transaction_action: tax-withholding disposition of common stock shares"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

RSU grant financial

"semi-annual vesting of the Reporting Person's April 7, 2023 RSU grant"

semi-annual vesting financial

"These shares represent shares withheld on the semi-annual vesting of the RSU grant"

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?

Porch Group COO Matthew Neagle reported two tax-withholding dispositions of common stock totaling 27,724 shares at $17.02 per share. The shares were withheld to cover tax obligations arising from the semi-annual vesting of his RSU grants.

Were the PRCH transactions reported by Matthew Neagle open-market sales?

No. The transactions are described as tax-withholding dispositions, meaning shares were withheld by the issuer to satisfy RSU-related tax liabilities. They were not reported as open-market sales and instead reflect administrative share withholding for tax payments.

How many Porch Group (PRCH) shares does Matthew Neagle hold after these transactions?

After the reported tax-withholding transactions, Matthew Neagle directly holds 981,630 shares of Porch Group common stock. This figure reflects his post-transaction position as reported, following the 27,724 shares withheld for RSU-related tax obligations.

What RSU vesting schedule applies to Neagle’s PRCH equity grants?

The filing notes RSU grants from April 7, 2023 and April 5, 2024 that vest ratably every 6 months over 48 months. Continued vesting is subject to Neagle’s ongoing employment or service with Porch Group, and tax-withholding shares relate to this semi-annual vesting.

What price was used for the RSU tax-withholding shares in the PRCH Form 4?

The tax-withholding dispositions used a valuation of $17.02 per share for Porch Group common stock. Two lots of 15,068 and 12,656 shares were withheld at this price to satisfy tax liabilities from the RSU vesting events.

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

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Accepted by SEC EDGAR 10/07/2025 - 05:44 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 WA 98104

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/05/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	10/05/2025		F		15,068(1)	D	$17.02	994,286	D
Common Stock	10/05/2025		F		12,656(2)	D	$17.02	981,630	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. These shares represent shares withheld on the semi-annual vesting of the Reporting Person's April 7, 2023 RSU grant. The RSUs will continue to vest ratably every 6 months over the remaining term of the 48-month vesting, subject to the Reporting Person's continuous employment or service with the Issuer.

2. These shares represent shares withheld on the semi-annual vesting of the Reporting Person's April 5, 2024 RSU Grant. The RSUs will continue to vest ratably every 6 months over the remaining term of the 48-month vesting, subject to the Reporting Person's continuous employment or service with the Issuer.

Remarks:

	/s/Matthew Cullen as Attorney-in-fact for Matthew Neagle	10/07/2025
	** 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.