Porch Group CFO tax-related sale of 10,454 shares
Porch Group, Inc. Chief Financial Officer Shawn Tabak reported an open-market sale of 10,454 shares of Common Stock at a weighted average price of $8.1104 per share.
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Rhea-AI Filing Summary
Porch Group, Inc. Chief Financial Officer Shawn Tabak reported an open-market sale of 10,454 shares of Common Stock at a weighted average price of $8.1104 per share. After this transaction, he directly holds 364,230 shares.
According to the disclosure, this sale was required by Porch Group under a sell-to-cover method as the sole way for plan participants to pay tax withholding on performance-based restricted stock unit awards that vested on April 7, 2026. The company previously confirmed its intent to settle vested shares for these awards in several transactions over approximately 45 days between April 7, 2026 and May 21, 2026 to reduce market impact. The reported sale price reflects multiple trades executed between $7.69 and $8.45 per share.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,454 | $8.1104 | $85K |
Footnotes (2)
- 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.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.69 to $8.45 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
Key Terms
sell-to-cover method financial
performance-based restricted stock unit ("PRSU") awards financial
weighted average price financial
vesting financial
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What did Porch Group (PRCH) CFO Shawn Tabak report in this Form 4 filing?
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