Porch Group CFO sells 7,730 shares for tax withholding
Porch Group, Inc. Chief Financial Officer Shawn Tabak reported an open-market sale of 7,730 shares of common stock at a weighted average price of $8.1156 per share.
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Rhea-AI Filing Summary
Porch Group, Inc. Chief Financial Officer Shawn Tabak reported an open-market sale of 7,730 shares of common stock at a weighted average price of $8.1156 per share. The filing states this sale was required by the company under a sell-to-cover method to satisfy tax withholding obligations tied to performance-based restricted stock units that vested on April 7, 2026. After the transaction, Tabak directly holds 382,559 shares of Porch Group common stock. The shares in this sale were executed in multiple trades at prices ranging from $7.92 to $8.48 per share, as disclosed in the footnotes, and are part of a series of settlements expected over approximately 45 days between April 7, 2026 and May 21, 2026.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,730 | $8.1156 | $63K |
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 $7.92 to $8.48 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
FAQ
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What insider transaction did Porch Group (PRCH) report for CFO Shawn Tabak?
What price range applied to the Porch Group (PRCH) insider sale on April 21, 2026?
How are Porch Group (PRCH) PRSU awards being settled for tax purposes?
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