Porch Group COO sells shares to cover taxes

Porch Group, Inc. Chief Operating Officer Matthew Neagle reported an open-market sale of 60,240 shares of Common Stock at a weighted average price of $11.116 per share on April 8, 2026.

Rhea-AI Filing Summary

Porch Group, Inc. Chief Operating Officer Matthew Neagle reported an open-market sale of 60,240 shares of Common Stock at a weighted average price of $11.116 per share on April 8, 2026. The shares were sold at prices ranging from $10.88 to $11.34 per share.

According to the disclosure, this sale was required by the company under a sell-to-cover method as the sole way for plan participants to satisfy tax withholding obligations tied to performance-based restricted stock unit awards that vested on April 7, 2026. After the transaction, Neagle directly holds 2,176,682 shares of Common Stock.

Insider Trade Summary

Net Seller: 60,240 shares

Net Sell 1 txn

Insider Neagle Matthew

Role Chief Operating Officer

Sold 60,240 shs ($670K)

Type	Security	Shares	Price	Value
Sale	Common Stock	60,240	$11.116	$670K

Holdings After Transaction: Common Stock — 2,176,682 shares (Direct)

Footnotes (2)

1. F1. 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. F2. 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: 60,240 shares Weighted average sale price: $11.116 per share Sale price range: $10.88 to $11.34 per share +3 more

6 metrics

Shares sold 60,240 shares Open-market sale on April 8, 2026

Weighted average sale price $11.116 per share Common Stock sale

Sale price range $10.88 to $11.34 per share Multiple transactions in reported sale

Shares owned after transaction 2,176,682 shares Directly held Common Stock post-sale

PRSU vesting date April 7, 2026 Performance-based RSU awards vesting

Settlement period for PRSU shares April 7, 2026 to May 21, 2026 Planned several transactions over ~45 days

Key Terms

performance-based restricted stock unit, sell-to-cover, weighted average price

3 terms

performance-based restricted stock unit financial

"in connection with the settlement of performance-based restricted stock unit ("PRSU") awards that vested on April 7, 2026"

A performance-based restricted stock unit is a promise of company shares given to an employee that only becomes actual stock if specific performance targets are met and any required time at the company is completed. For investors, these awards matter because they can dilute existing shares when earned and signal management’s confidence or the company’s expected future performance, much like a bonus cheque that only clears when pre-set goals are reached.

sell-to-cover financial

"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"

Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.

weighted average price financial

"The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Porch Group (PRCH) report for Matthew Neagle?

Porch Group reported that COO Matthew Neagle sold 60,240 Common Stock shares. The sale was an issuer-required sell-to-cover to satisfy tax withholding on performance-based restricted stock units that vested on April 7, 2026.

At what prices did the Porch Group (PRCH) COO’s shares sell?

The reported weighted average sale price was $11.116 per share. The shares were sold in multiple transactions within a price range of $10.88 to $11.34 per share, according to the Form 4 footnote disclosure.

Why did Porch Group (PRCH) require a sell-to-cover transaction for its COO?

The company required the sale as the sole method for plan participants to cover tax withholding obligations. These obligations arose from performance-based restricted stock unit awards that vested on April 7, 2026, leading to issuer-directed share sales.

How many Porch Group (PRCH) shares does the COO hold after this sale?

Following the reported transaction, COO Matthew Neagle directly holds 2,176,682 shares of Porch Group Common Stock. This post-transaction ownership figure is disclosed in the Form 4 as the total shares beneficially owned after the sale.

Over what period will Porch Group (PRCH) settle PRSU-related share sales?

The company confirmed its intent to settle vested Common Stock for these performance-based restricted stock units in several transactions. These will occur over approximately 45 days between April 7, 2026 and May 21, 2026 to help reduce market impact.

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

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Accepted by SEC EDGAR 05/12/2026 - 05:40 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 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 Operating 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/08/2026		S(1)		60,240	D	$11.116(2)	2,176,682	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. 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 Matthew Neagle	05/12/2026
	** 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)