PRCH insider sale: Director Regi Vengalil disposes 40,000 shares via 10b5-1

Rhea-AI Filing Summary

Regi Vengalil, a director of Porch Group, Inc. (PRCH), reported the sale of 40,000 shares of the issuer's common stock on 09/05/2025 under a Rule 10b5-1 trading plan established on 06/06/2025. The filing states the plan covers up to 40,000 shares to help satisfy tax obligations from board service equity and did not commence until at least 90 days after adoption. The weighted-average sale price reported is $18.2033, with individual trade prices ranging from $17.73 to $18.69. After the sale, the reporting person beneficially owned 165,903 shares. The Form 4 was signed by an attorney-in-fact on 09/09/2025.

Positive

• Transaction executed under a disclosed Rule 10b5-1 plan, which indicates the sale was pre-arranged rather than opportunistic.
• Full price range disclosed ($17.73 to $18.69) and a weighted-average price provided ($18.2033), enhancing transparency.
• Post-transaction beneficial ownership disclosed (165,903 shares), giving clear ownership context.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine insider sale under a disclosed 10b5-1 plan; not an ad hoc disposition and appears tax-driven.

The transaction is a programmed sale executed under a Rule 10b5-1 plan, which typically reduces concerns about opportunistic insider timing. The sale of 40,000 shares at a weighted-average of $18.2033 reduces the reporting person's stake to 165,903 shares. Because the plan was established well before trading and covers the specific aggregate amount, this is a disclosed, pre-planned monetization of equity to meet tax liabilities rather than a signal of new private information.

Corporate Governance Expert

TL;DR: Governance disclosure is complete for this Form 4; the 10b5-1 plan and price range are explicitly stated.

The filer discloses the 10b5-1 plan adoption date, termination date, purpose (tax obligations), the aggregate share cap, and the weighted-average/price range for the executed trades. Such details support transparency and reduce regulatory and shareholder concerns about insider trading timing. The signature by an attorney-in-fact is properly noted on the filing.

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).

X

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^*

Vengalil Regi

(Last) (First) (Middle)

411 FIRST AVENUE SOUTH

SUITE 501

(Street)

SEATTLE WA 98104

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Porch Group, Inc. [ PRCH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/05/2025		S(1)		40,000	D	$18.2033(2)	165,903	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents a sale pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on June 6, 2025 (the "10b5-1 Plan"). The 10b5-1 Plan is scheduled to terminate on September 15, 2026, and covers the sale of up to an aggregate of 40,000 shares of the Issuer's common stock to help satisfy tax obligations upon the vesting of shares received for service on the Company's board of directors. Trading under the 10b5-1 Plan did not commence until at least 90 days following the date on which the plan was entered.

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.73 to $18.69 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/Matthew Cullen as Attorney-in-fact for Regi Vengalil	09/09/2025
	** 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.

FAQ

What did Regi Vengalil sell and when (PRCH)?

Regi Vengalil sold 40,000 shares of Porch Group common stock on 09/05/2025 as reported on the Form 4.

Was the sale under a 10b5-1 plan for PRCH?

Yes. The sale was made pursuant to a Rule 10b5-1 trading plan entered on 06/06/2025 and scheduled to terminate on 09/15/2026.

What price did the PRCH shares sell for?

The filing reports a weighted-average price of $18.2033 and states individual transactions ranged from $17.73 to $18.69 per share.

How many PRCH shares does the reporting person own after the sale?

After the reported sale, the reporting person beneficially owned 165,903 shares.

Why were the shares sold according to the filing?

The filing states the 10b5-1 plan covers sales to help satisfy tax obligations related to shares received for board service.