Porch Group (PRCH) leader reports beneficial ownership of 24.3M shares

Rhea-AI Filing Summary

Porch Group, Inc. insider Matt Ehrlichman filed Amendment No. 11 to his Schedule 13D, reporting beneficial ownership of 24,280,995 shares of common stock, or 21.0% of the outstanding class. The filing explains that this total includes shares held directly, options, RSUs and shares held through West Equities, LLC.

The ownership percentage is calculated using 113,051,663 shares of Porch Group common stock outstanding as of May 21, 2026, plus options and RSUs attributable to Ehrlichman. The amendment states he has sole voting and dispositive power over all reported shares and describes no current plans for corporate changes beyond prior disclosures.

Key Figures

Beneficial ownership: 24,280,995 shares Ownership percentage: 21.0% Shares outstanding basis: 113,051,663 shares +5 more

8 metrics

Beneficial ownership 24,280,995 shares Porch Group common stock beneficially owned by Matt Ehrlichman

Ownership percentage 21.0% Percent of Porch Group common stock class represented by Ehrlichman’s holdings

Shares outstanding basis 113,051,663 shares Porch Group shares outstanding as of May 21, 2026 used in calculation

Directly held shares 15,121,348 shares Porch Group common stock held directly by Matt Ehrlichman

West Equities holdings 6,416,712 shares Shares held by West Equities, LLC with Ehrlichman’s sole voting and investment power

Option shares 1,892,203 shares Shares obtainable upon exercise of currently exercisable options granted to Ehrlichman

RSUs 850,732 shares Shares obtainable upon vesting and settlement of RSUs that do not vest within 60 days

Treasury shares 18,312,208 shares Shares held by Porch Reciprocal Exchange treated as treasury and not outstanding for voting

Key Terms

beneficially own, Schedule 13D, restricted stock units, performance conditions, +2 more

6 terms

beneficially own financial

"As of the date hereof, Mr. Ehrlichman may be deemed to beneficially own 24,280,995 shares of Common Stock"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

Schedule 13D regulatory

"If the filing person has previously filed a statement on Schedule 13G to report the acquisition"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

restricted stock units financial

"850,732 shares of Common Stock that are obtainable upon vesting and settlement of RSUs granted to Mr. Ehrlichman"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

performance conditions financial

"PRSUs granted to Mr. Ehrlichman, which will only be issued to Mr. Ehrlichman upon satisfaction of certain performance conditions"

treasury shares financial

"shares held by Porch Reciprocal Exchange, an affiliate of the Issuer, which are considered treasury shares for GAAP accounting purposes"

Treasury shares are a company’s own stock that it has repurchased and keeps on its books instead of canceling or leaving in the hands of outside investors. Think of them like coupons a business puts back in a drawer: they don’t vote or receive dividends while held, but they can be reissued later for employee pay or fundraising. For investors this matters because buybacks change the number of shares that count toward earnings and ownership, can boost per‑share metrics, and use corporate cash that might otherwise go to growth or dividends.

sole voting and investment power financial

"shares of Common Stock held by West Equities, LLC, over which Mr. Ehrlichman has sole voting and investment power"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 11)

Porch Group, Inc.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

733245104

(CUSIP Number)

Matthew A. Ehrlichman
411 1st Avenue S., Suite 501,
Seattle, WA, 98104
206-947-2472

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

05/21/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 733245104

1

Name of reporting person

Ehrlichman Matt

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 24,280,995.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 24,280,995.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

24,280,995.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

21.0 %

14

Type of Reporting Person (See Instructions)

IN, HC

Comment for Type of Reporting Person:

The numbers reported in Items 7, 9, and 11 include 21,538,060 shares of Common Stock beneficially owned by Mr. Ehrlichman, options exercisable for 1,892,203 shares of Common Stock and 850,732 restricted stock units, none of which vest within 60 days. The percentage reported in Item 13 is calculated based on 113,051,663 shares outstanding as of May 21, 2026, plus 1,892,203 options and 850,732 restricted stock units. The number of Issuer shares outstanding excludes 18,312,208 shares held by Porch Reciprocal Exchange, an affiliate of the Issuer, which are considered treasury shares for GAAP accounting purposes and under Delaware law and are not considered outstanding for quorum and are not entitled to vote.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.0001 per share
(b)	Name of Issuer: Porch Group, Inc.
(c)	Address of Issuer's Principal Executive Offices: 411 1st Avenue S., Suite 501, Seattle, WASHINGTON , 98104.
Item 1 Comment: This Amendment No. 11 to Schedule 13D ("Amendment No. 11") relates to the shares of Common Stock, par value $0.0001 per share ("Common Stock"), of Porch Group, Inc. (the "Issuer" or the "Company"). This Amendment No. 11 amends and supplements, as set forth below, the Schedule 13D filed by Mr. Ehrlichman on December 31, 2020 (the "Original Schedule 13D"), as amended by Amendment No. 1, filed by Mr. Ehrlichman on February 16, 2022, Amendment No. 2, filed by Mr. Ehrlichman on March 21, 2022, Amendment No. 3 filed by Mr. Ehrlichman on May 17, 2022, Amendment No. 4 filed by Mr. Ehrlichman on November 23, 2022, Amendment No. 5 filed by Mr. Ehrlichman on April 18, 2023, Amendment No. 6 filed by Mr. Ehrlichman on September 11, 2023, Amendment No. 7 filed by Mr. Ehrlichman on September 29, 2023, Amendment No. 8 filed by Mr. Ehrlichman on August 8, 2025, Amendment No. 9 filed by Mr. Ehrlichman on March 20, 2026, and amendment No. 10 filed by Mr. Ehrlichman on April 29, 2026 (collectively, the "Schedule 13D"). All capitalized terms not otherwise defined herein have the meanings ascribed to such terms in the Schedule 13D. The Schedule 13D is amended and supplemented by adding the information contained herein, and only those items amended are reported herein.
Item 3.	Source and Amount of Funds or Other Consideration
	See Item 5(c) for a description of transactions. No transactions involved the payment of consideration (other than the provision of services).
Item 4.	Purpose of Transaction
	Other than as previously reported or reported below, Mr. Ehrlichman does not have any plan or proposal that would relate to or would results in (a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Issuer or of any of its subsidiaries; (d) any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; (e) any material change in the present capitalization or dividend policy of the Issuer; (f) any other material change in the Issuer's business or corporate structure, including but not limited to, if the Issuer is a registered closed-end investment company, any plans or proposals to make any changes in its investment policy for which a vote is required by Section 13 of the Investment Company Act of 1940; (g) changes in the Issuer's charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or (j) any action similar to any of those enumerated above.
Item 5.	Interest in Securities of the Issuer
(a)	As of the date hereof, Mr. Ehrlichman may be deemed to beneficially own 24,280,995 shares of Common Stock, representing approximately 21.0% of the shares of Common Stock outstanding.
(b)	Number of shares reported herein includes (i) 15,121,348 shares of Common Stock held directly by Mr. Ehrlichman, (ii) 1,892,203 shares of Common Stock that are obtainable upon exercise of options granted to Mr. Ehrlichman by the Company, all of which are currently exercisable, (iii) 850,732 shares of Common Stock that are obtainable upon vesting and settlement of RSUs granted to Mr. Ehrlichman by the Company, none of which vest within 60 days, and (iv) 6,416,712 shares of Common Stock held by West Equities, LLC, over which Mr. Ehrlichman has sole voting and investment power. Mr. Ehrlichman's reported beneficial ownership excludes shares of Common Stock underlying 3,114,417 PRSUs granted to Mr. Ehrlichman, which will only be issued to Mr. Ehrlichman upon satisfaction of certain performance conditions as previously reported. Please refer to the Company's prior disclosures for additional details on the PRSUs excluded from Mr. Ehrlichman's reported beneficial ownership.
(c)	Exhibit 99.14 attached hereto and incorporated herein by reference sets forth all of Mr. Ehrlichman's transactions in Issuer's securities that have occurred since April 29, 2026. Other than as set forth herein, no transactions in the Issuer's securities have been effected by Mr. Ehrlichman during the past 60 days.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 4 of this Amendment No. 11 is incorporated herein by reference.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 99.14 List of Mr. Ehrlichman's transactions since April 29, 2026

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Ehrlichman Matt

Signature:	/s/ Matt Ehrlichman
Name/Title:	Matt Ehrlichman
Date:	05/27/2026

FAQ

How many Porch Group (PRCH) shares does Matt Ehrlichman report owning?

Matt Ehrlichman reports beneficial ownership of 24,280,995 Porch Group common shares, representing about 21.0% of the outstanding class. This total includes directly held shares, option shares, RSUs and shares held through West Equities, LLC over which he has sole voting and investment power.

What percentage of Porch Group (PRCH) does Matt Ehrlichman beneficially own?

The filing states that Matt Ehrlichman beneficially owns approximately 21.0% of Porch Group’s common stock. This percentage is based on 113,051,663 shares outstanding as of May 21, 2026, plus option and RSU shares attributable to him under applicable beneficial ownership rules.

How is Matt Ehrlichman’s Porch Group (PRCH) ownership structured?

His reported ownership includes 15,121,348 shares held directly, 6,416,712 shares held by West Equities, LLC, 1,892,203 option shares currently exercisable, and 850,732 RSUs. He has sole voting and investment power over all these shares, according to the Schedule 13D/A amendment.

Are any Porch Group (PRCH) performance-based awards excluded from Ehrlichman’s 13D total?

Yes. The filing states that 3,114,417 performance-based restricted stock units (PRSUs) granted to Matt Ehrlichman are excluded from his reported beneficial ownership. These PRSUs will only be issued upon satisfaction of specified performance conditions described in the company’s prior public disclosures.

What does Amendment No. 11 to Matt Ehrlichman’s Porch Group (PRCH) Schedule 13D do?

Amendment No. 11 updates Matt Ehrlichman’s Schedule 13D to reflect his current beneficial ownership and its components. It also reiterates that, aside from previously reported matters, he has no plans or proposals regarding major corporate transactions, governance changes, or significant alterations to Porch Group’s capital structure.

How many Porch Group (PRCH) shares are treated as treasury shares in this filing?

The filing notes that 18,312,208 Porch Group shares are held by Porch Reciprocal Exchange, an affiliate of the company. These are treated as treasury shares for accounting and legal purposes and are not considered outstanding for quorum or voting entitlement calculations.