[Form 4] Porch Group, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Porch Group’s chief financial officer, Shawn Tabak, disposed of 17,697 shares of Common Stock in issuer-directed sales used solely to cover tax obligations. The shares were sold on the open market at a weighted average price of $6.8422 per share, in multiple trades between $6.61 and $7.06.
The footnotes state these sell-to-cover transactions were required by the company as the sole method for plan participants to satisfy tax withholding tied to performance-based RSU awards and a 2025 bonus-related stock grant that settled on April 7, 2026. After these transactions, Tabak directly holds 398,656 Porch Group shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 17,697 shares ($121,086)
Net Sell
2 txns
Insider
Tabak Shawn
Role
CHIEF FINANCIAL OFFICER
Sold
17,697 shs ($121K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,470 | $6.8422 | $51K |
| Sale | Common Stock | 10,227 | $6.8422 | $70K |
Holdings After Transaction:
Common Stock — 408,883 shares (Direct)
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 $6.61 to $7.06 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. This sale was required by the Issuer at its election (without any discretion by the Reporting Person), and represents shares sold to cover tax withholding obligations in connection with the settlement of the April 7, 2026 common stock grant, granted at the determination of the Compensation Committee for the portion of achieving in excess of target performance for the annual bonus program for 2025. The Issuer has adopted this sell-to-cover method as the sole means for plan participants to satisfy tax withholding obligations in connection with the settlement of awards.