Porch Group (PRCH) COO executes mandatory tax-related sale of 58,978 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Porch Group, Inc. Chief Operating Officer Matthew Neagle reported an issuer-directed sale of 58,978 shares of common stock on April 17, 2026. The sale was executed under a mandatory sell-to-cover method to satisfy tax withholding obligations tied to performance-based restricted stock units that vested on April 7, 2026, with settlement planned over several transactions between April 7 and May 21, 2026. The shares were sold at a weighted average price of $7.8722 across multiple trades ranging from $7.56 to $8.25 per share, and Neagle continued to hold 2,548,679 shares directly after the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 58,978 shares ($464,287)
Net Sell
1 txn
Insider
Neagle Matthew
Role
Chief Operating Officer
Sold
58,978 shs ($464K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 58,978 | $7.8722 | $464K |
Holdings After Transaction:
Common Stock — 2,548,679 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 $7.56 to $8.25 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: 58,978 shares
Weighted average sale price: $7.8722 per share
Sale price range: $7.56–$8.25 per share
+3 more
6 metrics
Shares sold
58,978 shares
Open-market sale on April 17, 2026
Weighted average sale price
$7.8722 per share
Issuer-directed sell-to-cover transaction
Sale price range
$7.56–$8.25 per share
Multiple transactions on April 17, 2026
Shares held after transaction
2,548,679 shares
Direct ownership following April 17, 2026 sale
PRSU vesting date
April 7, 2026
Performance-based RSUs that triggered tax withholding sale
Settlement window
April 7–May 21, 2026
Planned period to settle vested PRSUs in several transactions
Key Terms
sell-to-cover, performance-based restricted stock unit ("PRSU"), weighted average price, multiple transactions, +1 more
5 terms
sell-to-cover financial
"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"
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.
performance-based restricted stock unit ("PRSU") financial
"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."
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.
multiple transactions financial
"These shares were sold in multiple transactions at prices ranging from $7.56 to $8.25 per share."
tax withholding obligations financial
"plan participants to satisfy tax withholding obligations in connection with the settlement of performance-based restricted stock unit ("PRSU") awards"
FAQ
What did Porch Group (PRCH) COO Matthew Neagle report in this Form 4?
Porch Group COO Matthew Neagle reported an issuer-directed sale of 58,978 common shares. The transaction occurred on April 17, 2026 at a weighted average price of $7.8722, related to tax withholding for vested performance-based restricted stock units.
Was the PRCH COO’s April 17, 2026 stock sale discretionary?
The April 17, 2026 sale was not discretionary by the COO. It was required by Porch Group under a sell-to-cover method, used as the sole means for plan participants to satisfy tax withholding obligations on vested performance-based restricted stock units.