PRCH CFO tax withholding: 5,070 RSU shares withheld at $17.02
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Shawn Tabak, Chief Financial Officer of Porch Group, Inc. (PRCH), reported two dispositions of common stock on 10/05/2025 that were withheld to cover taxes on vested restricted stock units (RSUs). A total of 2,241 shares were withheld from the April 7, 2023 RSU grant and 2,829 shares from the April 5, 2024 RSU grant, each at a price of $17.02. After these withholdings the filings show beneficial ownership levels of 162,916 and 160,087 shares respectively. The RSU awards continue to vest ratably every six months over a 48-month schedule, subject to continued service.
Positive
- RSU vesting continues on a scheduled, ratable 48-month timeline, indicating ongoing compensation alignment
- Withholdings were routine tax-related dispositions rather than open-market sales, limiting market signaling
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Tabak Shawn
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,241 | $17.02 | $38K |
| Tax Withholding | Common Stock | 2,829 | $17.02 | $48K |
Holdings After Transaction:
Common Stock — 162,916 shares (Direct)
Footnotes (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. 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.
FAQ
What did PRCH CFO Shawn Tabak report on Form 4?
He reported two dispositions of common stock withheld to cover taxes on vested RSUs: 2,241 and 2,829 shares at $17.02 per share.
When did the reported transactions occur for PRCH?
The transactions are dated 10/05/2025 and were reported on the Form 4 filing.
What are the original RSU grant dates mentioned?
The withholdings relate to RSU grants dated April 7, 2023 and April 5, 2024.