Was the PRCH COO’s April 2026 share sale discretionary or required?

The sale was required by Porch Group at its election and not discretionary for COO Matthew Neagle. It was executed under a sell-to-cover method, the sole way plan participants could satisfy tax withholding on recently vested performance-based RSU awards.

Over what period will Porch Group settle PRSU-related share deliveries?

Porch Group intends to settle vested shares of common stock for the PRSU awards in several transactions over about 45 days. The company expects these transactions to occur between April 7, 2026 and May 21, 2026, aiming to reduce market impact from the settlements.

Porch Group (PRCH) COO sells shares to cover PRSU tax obligations

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Porch Group, Inc. Chief Operating Officer Matthew Neagle reported selling 63,979 shares of common stock on April 24, 2026 at a weighted average price of $7.6821 per share. The sale was required by the company under a sell-to-cover method to satisfy tax withholding on performance-based RSU awards that vested on April 7, 2026.

The company has indicated it will settle vested common shares for these PRSU awards in several transactions over approximately 45 days between April 7 and May 21, 2026 to reduce market impact. Following this transaction, Neagle directly holds 2,421,899 shares of Porch Group common stock.

Insider Trade Summary

Net Seller: 63,979 shares ($491,493)

Net Sell 1 txn

Insider Neagle Matthew

Role Chief Operating Officer

Sold 63,979 shs ($491K)

Type	Security	Shares	Price	Value
Sale	Common Stock	63,979	$7.6821	$491K

Holdings After Transaction: Common Stock — 2,421,899 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 $7.41 to $8.15 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: 63,979 shares Weighted average sale price: $7.6821 per share Sale price range: $7.41–$8.15 per share +3 more

6 metrics

Shares sold 63,979 shares Open-market sale on April 24, 2026

Weighted average sale price $7.6821 per share Common stock sale on April 24, 2026

Sale price range $7.41–$8.15 per share Multiple transactions comprising reported sale

Shares held after transaction 2,421,899 shares Direct ownership following April 24, 2026 sale

PRSU vesting date April 7, 2026 Performance-based RSU awards that triggered tax sale

Settlement window April 7, 2026 to May 21, 2026 Period for PRSU share settlements to reduce market impact

Key Terms

sell-to-cover method, performance-based restricted stock unit ("PRSU") awards, weighted average price, tax withholding obligations, +1 more

5 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."

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.

tax withholding obligations financial

"sole means for plan participants to satisfy tax withholding obligations in connection with the settlement of performance-based restricted stock unit"

multiple transactions financial

"These shares were sold in multiple transactions at prices ranging from $7.41 to $8.15 per share."

Form 4 Insider Transactions: What Each Field Means →

04/28/2026 - 07:08 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^*

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)
04/24/2026

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	04/24/2026		S⁽¹⁾		63,979	D	$7.6821⁽²⁾	2,421,899	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 $7.41 to $8.15 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	04/28/2026
	** 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 insider transaction did Porch Group (PRCH) report for Matthew Neagle?

Porch Group reported that COO Matthew Neagle sold 63,979 shares of common stock on April 24, 2026. The sale was executed at a weighted average price of $7.6821 per share as part of a company-directed sell-to-cover for tax obligations.

Why did Porch Group’s COO sell 63,979 PRCH shares in April 2026?

The 63,979 shares were sold to cover tax withholding obligations related to performance-based restricted stock unit awards that vested on April 7, 2026. Porch Group required this sell-to-cover approach as the only method for plan participants to satisfy these withholding obligations.

What price range did the PRCH COO’s sell-to-cover transactions occur at?

The reported weighted average sale price was $7.6821 per share, with individual trades executed between $7.41 and $8.15. The filing notes multiple transactions within this range and offers to provide detailed price breakdowns upon request to investors or regulators.

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

After the April 24, 2026 tax-related sale, COO Matthew Neagle directly holds 2,421,899 shares of Porch Group common stock. This post-transaction figure reflects his remaining direct ownership position following the required sell-to-cover for PRSU tax withholding.