Was the PRCH CFO share sale discretionary or part of a sell-to-cover arrangement?

The reported sale was required by the company under a sell-to-cover method and not at the CFO’s discretion. It was used as the sole means to cover tax withholding obligations on vested PRSU awards.

Porch Group (PRCH) CFO executes required 10,511-share sell-to-cover for PRSU taxes

Q: What did Porch Group (PRCH) CFO Shawn Tabak report in this Form 4?

Porch Group CFO Shawn Tabak reported selling 10,511 common shares at a weighted average price of $11.1161 per share. The transaction was an open-market sale disclosed as part of routine Section 16 insider reporting requirements.

Q: What awards triggered the Porch Group (PRCH) sell-to-cover transaction?

The sell-to-cover transaction related to performance-based restricted stock unit (PRSU) awards that vested on April 7, 2026 . Shares from these PRSUs are being settled over several transactions to manage potential market impact.

Q: At what price range were the PRCH shares sold in this Form 4?

The weighted average sale price was $11.1161 per share, with individual trades executed between $10.88 and $11.34 . The filing notes shares were sold in multiple transactions within this price range.

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Porch Group, Inc. Chief Financial Officer Shawn Tabak reported an open-market sale of 10,511 shares of common stock at a weighted average price of $11.1161 per share. According to the disclosure, this sale was required by the company under a sell-to-cover method as the only way for plan participants to satisfy tax withholding obligations tied to performance-based restricted stock unit (PRSU) awards that vested on April 7, 2026. The company previously indicated it would settle vested PRSU shares in several transactions over roughly 45 days, between April 7, 2026 and May 21, 2026, to reduce market impact. After this transaction, Tabak directly holds 331,894 shares of Porch Group common stock.

Insider Trade Summary

Net Seller: 10,511 shares ($116,841)

Net Sell 1 txn

Insider Tabak Shawn

Role CHIEF FINANCIAL OFFICER

Sold 10,511 shs ($117K)

Type	Security	Shares	Price	Value
Sale	Common Stock	10,511	$11.1161	$117K

Holdings After Transaction: Common Stock — 331,894 shares (Direct, null)

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 $10.88 to $11.34 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: 10,511 shares Weighted average sale price: $11.1161 per share Post-transaction holdings: 331,894 shares +3 more

6 metrics

Shares sold 10,511 shares Open-market sale on April 7, 2026-related vesting

Weighted average sale price $11.1161 per share Common stock sale required for tax withholding

Post-transaction holdings 331,894 shares Direct ownership after the reported sale

Price range of sales $10.88–$11.34 per share Multiple transactions within this range

PRSU vesting date April 7, 2026 Performance-based RSUs that triggered sell-to-cover

Settlement window 45 days (Apr 7–May 21, 2026) Planned period to settle vested PRSU shares

Key Terms

sell-to-cover method, performance-based restricted stock unit ("PRSU") awards, weighted average price, open-market sale

4 terms

sell-to-cover method financial

"This sale was required by the Issuer at its election ... under a sell-to-cover method as the sole means for plan participants to satisfy tax withholding obligations"

performance-based restricted stock unit ("PRSU") awards financial

"tax withholding obligations 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. These shares were sold in multiple transactions at prices ranging from $10.88 to $11.34 per share."

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.

open-market sale financial

"transaction_action": "open-market sale", "transaction_code_description": "Sale in open market or private transaction""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Form 4 Insider Transactions: What Each Field Means →

05/12/2026 - 05:36 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^*

Tabak Shawn

(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 FINANCIAL OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026

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	05/08/2026		S⁽¹⁾		10,511	D	$11.1161⁽²⁾	331,894	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 $10.88 to $11.34 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.

Remarks:

	/s/ Meghan Silver as Attorney-in-fact for Shawn Tabak	05/11/2026
	** 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) CFO Shawn Tabak report in this Form 4?

Porch Group CFO Shawn Tabak reported selling 10,511 common shares at a weighted average price of $11.1161 per share. The transaction was an open-market sale disclosed as part of routine Section 16 insider reporting requirements.

What awards triggered the Porch Group (PRCH) sell-to-cover transaction?

The sell-to-cover transaction related to performance-based restricted stock unit (PRSU) awards that vested on April 7, 2026. Shares from these PRSUs are being settled over several transactions to manage potential market impact.

Over what period will Porch Group (PRCH) settle the vested PRSU shares?

Porch Group confirmed its intent to settle vested PRSU shares in several transactions over about 45 days, from April 7, 2026 through May 21, 2026, aiming to reduce the market impact of these settlements.

How many Porch Group (PRCH) shares does the CFO hold after this transaction?

Following the reported sell-to-cover sale, CFO Shawn Tabak directly holds 331,894 shares of Porch Group common stock. This figure reflects his position immediately after the 10,511-share transaction disclosed in the Form 4.

At what price range were the PRCH shares sold in this Form 4?

The weighted average sale price was $11.1161 per share, with individual trades executed between $10.88 and $11.34. The filing notes shares were sold in multiple transactions within this price range.