Porch Group (PRCH) CFO sells 7,734 shares in issuer-directed tax sell-to-cover
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Porch Group, Inc. Chief Financial Officer Shawn Tabak reported an issuer-directed sale of 7,734 shares of common stock on April 9, 2026. The shares were sold at a weighted average price of $7.1516 per share solely to satisfy tax withholding obligations related to performance-based restricted stock units that vested on April 7, 2026.
The sale was carried out under a required sell-to-cover method, with no trading discretion by the reporting person, and executed in multiple trades at prices between $6.80 and $7.77 per share. After this transaction, Tabak directly holds 416,353 shares of Porch Group common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 7,734 shares ($55,310)
Net Sell
1 txn
Insider
Tabak Shawn
Role
CHIEF FINANCIAL OFFICER
Sold
7,734 shs ($55K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,734 | $7.1516 | $55K |
Holdings After Transaction:
Common Stock — 416,353 shares (Direct)
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 $6.80 to $7.77 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: 7,734 shares
Weighted average sale price: $7.1516 per share
Post-transaction holdings: 416,353 shares
+3 more
6 metrics
Shares sold
7,734 shares
Open-market sale on April 9, 2026
Weighted average sale price
$7.1516 per share
Tax sell-to-cover transaction
Post-transaction holdings
416,353 shares
Directly owned after April 9, 2026 sale
Price range of trades
$6.80–$7.77 per share
Multiple transactions included in reported sale
Vesting date
April 7, 2026
Performance-based RSU awards vesting
Settlement window
Approximately 45 days
Between April 7, 2026 and May 21, 2026
Key Terms
sell-to-cover method, performance-based restricted stock unit ("PRSU") awards, weighted average price, tax withholding obligations
4 terms
sell-to-cover method 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"
performance-based restricted stock unit ("PRSU") awards 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.
tax withholding obligations financial
"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"
FAQ
What insider transaction did Porch Group (PRCH) report for CFO Shawn Tabak?
Porch Group reported that CFO Shawn Tabak sold 7,734 shares of common stock on April 9, 2026. The sale was issuer-directed under a sell-to-cover method to satisfy tax withholding obligations tied to vested performance-based restricted stock units.
Was the PRCH CFO’s April 2026 stock sale discretionary?
No, the sale was not discretionary. It was required by Porch Group under a sell-to-cover method as the sole way for plan participants to meet tax withholding obligations for performance-based RSU awards that vested on April 7, 2026.
What do the footnotes say about the PRCH CFO’s April 2026 stock sale?
Footnotes explain the sale was issuer-required under a sell-to-cover method for tax withholding on vested PRSUs. They also state the $7.1516 price is a weighted average across multiple trades priced between $6.80 and $7.77 per share.