Porch Group (PRCH) CEO Ehrlichman executes 123,518-share tax sell-to-cover
Rhea-AI Filing Summary
Porch Group, Inc. CEO, Chairman and Founder Matt Ehrlichman reported an automatic sale of 123,518 shares of Common Stock on April 24, 2026 at a weighted average price of $7.6821 per share. The sale was required by the company under a sell-to-cover method to satisfy tax withholding on performance-based RSUs that vested on April 7, 2026, with no discretion by Ehrlichman. Following the transaction, he held 16,804,553 shares directly and 6,416,712 shares indirectly through West Equities, LLC, where he has sole voting and dispositive power.
Positive
- None.
Negative
- None.
Insights
Required tax sell-to-cover; insider retains a large equity stake.
The filing shows Matt Ehrlichman executed an open-market sale of 123,518 shares at a weighted average of $7.6821, explicitly described as a company-required sell-to-cover for tax withholding on vested performance-based RSUs.
This framing indicates the transaction is primarily mechanical rather than a discretionary portfolio move. After the sale, he still holds 16,804,553 shares directly and 6,416,712 shares indirectly, so the disposition represents a small portion of his total reported holdings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 123,518 | $7.6821 | $949K |
| holding | Common Stock | -- | -- | -- |
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 $7.41 to $8.15 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. Issuer common stock held by West Equities, LLC over which the Reporting Person has sole voting and dispositive power.