Porch Group COO sells 50,000 shares at $16.46
Porch Group’s COO sold 50,000 PRCH shares under a pre-arranged Rule 10b5-1 trading plan and continues to hold a significant direct position.
Rhea-AI Filing Summary
Porch Group, Inc. (PRCH) reported that Chief Operating Officer Matthew Neagle sold 50,000 shares of common stock on September 14, 2026 at a weighted average price of $16.4581 per share in open-market or private transactions. The sale was made under a Rule 10b5-1 trading plan, and Neagle now holds 1,940,705 shares of Porch Group common stock directly.
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Insider Trade Summary 10b5-1
Net Seller: 50,000 shares
Net Sell
1 txn
Insider
Neagle Matthew
Role
Chief Operating Officer
Sold
50,000 shs ($823K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 50,000 | $16.4581 | $823K |
Holdings After Transaction:
Common Stock — 1,940,705 shares (Direct)
Footnotes (2)
- F1. Represents a sale pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on June 15, 2026 (the "10b5-1 Plan"). The 10b5-1 Plan is scheduled to terminate on June 15, 2027 and covers the sale of up to an aggregate of 500,000 shares of the Issuer's common stock. Trading under the 10b5-1 Plan did not commence until at least 90 days following the date on which the plan was entered.
- F2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.05 to $17.0499 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: 50,000 shares
Weighted average sale price: $16.4581 per share
Post-transaction holdings: 1,940,705 shares
+3 more
6 metrics
Shares sold
50,000 shares
Common stock sale by COO on September 14, 2026
Weighted average sale price
$16.4581 per share
Average price for the 50,000 shares sold on September 14, 2026
Post-transaction holdings
1,940,705 shares
Direct common stock held by COO after the sale
10b5-1 plan size
500,000 shares
Maximum aggregate shares covered for sale under the COO’s 10b5-1 plan
Sale price range
$16.05–$17.0499 per share
Price range of multiple transactions included in the 50,000-share sale
10b5-1 plan effective period
June 15, 2026 to June 15, 2027
Scheduled duration of the COO’s Rule 10b5-1 trading plan
Key Terms
Rule 10b5-1 trading plan, weighted average price, aggregate
3 terms
Rule 10b5-1 trading plan regulatory
"Represents a sale pursuant to a Rule 10b5-1 trading plan entered into"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
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.
aggregate financial
"covers the sale of up to an aggregate of 500,000 shares"
A combined total or summary created by adding together multiple parts or data points. Used as a noun and a verb, it means pooling individual items (sales, revenues, assets, transactions, or data) into one overall figure so stakeholders can see the big picture; like pouring many small jars into a single container to measure the total amount. Aggregate figures matter to investors because they show the overall size, trend, or exposure of a business or market rather than the detail of each component.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PRCH report for Chief Operating Officer Matthew Neagle?
Porch Group reported that Matthew Neagle, Chief Operating Officer, sold 50,000 shares of common stock on September 14, 2026 in open-market or private transactions at a weighted average price of $16.4581 per share.
Was the PRCH insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing states the sale was made pursuant to a Rule 10b5-1 trading plan entered into on June 15, 2026. The plan is scheduled to terminate on June 15, 2027 and covers sales of up to 500,000 shares of Porch Group common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.