Matthew Neagle - 17 Sep 2021 Form 4 Insider Report for Porch Group, Inc. (PRCH)

Role
Chief Operating Officer
Signature
/s/ Matthew Cullen, as Attorney-in-fact
Issuer symbol
PRCH
Transactions as of
17 Sep 2021
Net transactions value
-$102,555
Form type
4
Filing time
21 Sep 2021, 20:01:30 UTC
Previous filing
14 Feb 2022
Next filing
30 Sep 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRCH Common Stock Options Exercise $3,300 +1,000 +0.32% $3.30 317,516 17 Sep 2021 Direct
transaction PRCH Common Stock Sale $19,490 -1,000 -0.31% $19.49* 316,516 17 Sep 2021 Direct F1
transaction PRCH Common Stock Options Exercise $4,950 +1,500 +0.47% $3.30 318,016 21 Sep 2021 Direct
transaction PRCH Common Stock Options Exercise $5,175 +2,500 +0.79% $2.07 320,516 21 Sep 2021 Direct
transaction PRCH Common Stock Sale $77,000 -4,000 -1.2% $19.25* 316,516 21 Sep 2021 Direct F1
transaction PRCH Common Stock Sale $19,490 -1,000 -0.32% $19.49* 315,516 21 Sep 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PRCH Stock Option (right to buy) Options Exercise $0 -799 -8.4% $0.000000 8,736 17 Sep 2021 Common Stock 799 $3.30 Direct F2
transaction PRCH Stock Option (right to buy) Options Exercise $0 -201 -0.86% $0.000000 23,287 17 Sep 2021 Common Stock 201 $3.30 Direct F3
transaction PRCH Stock Option (right to buy) Options Exercise $0 -1,500 -6.4% $0.000000 21,787 21 Sep 2021 Common Stock 1,500 $3.30 Direct F3
transaction PRCH Stock Option (right to buy) Options Exercise $0 -2,500 -38% $0.000000 4,015 21 Sep 2021 Common Stock 2,500 $2.07 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 6, 2021.
F2 25% of the option vested on March 31, 2020 (the "Vesting Commencement Date"), 25% of the remainder vested on the 12 month anniversary of the Vesting Commencement Date. The remainder vests in equal monthly installments thereafter over the next 36 months subject to continuous employment.
F3 25% of the option vested on the sixth-month anniversary of March 1, 2020 (the "Vesting Commencement Date") and 25% in 6 equal monthly installments thereafter; of the remaining 50%, 25% vested on the one-year anniversary of the Vesting Commencement Date and the remainder vests in 36 equal monthly installments thereafter.
F4 This option vested 100% on March 1, 2018.