Matthew Neagle - Sep 28, 2021 Form 4 Insider Report for Porch Group, Inc. (PRCH)

Role
Chief Operating Officer
Signature
/s/ Matthew Cullen, as Attorney-in-fact
Stock symbol
PRCH
Transactions as of
Sep 28, 2021
Transactions value $
-$63,155
Form type
4
Date filed
9/30/2021, 04:39 PM
Previous filing
Sep 21, 2021
Next filing
Oct 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRCH Common Stock Options Exercise $5.18K +2.5K +0.79% $2.07 318K Sep 28, 2021 Direct F1, F2
transaction PRCH Common Stock Sale -$45.8K -2.5K -0.79% $18.32* 316K Sep 28, 2021 Direct F1, F2
transaction PRCH Common Stock Options Exercise $4.95K +1.5K +0.48% $3.30 317K Sep 28, 2021 Direct F2, F3
transaction PRCH Common Stock Sale -$27.5K -1.5K -0.47% $18.32* 316K Sep 28, 2021 Direct F2, F3

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 Options Exercise $0 -2.5K -62.27% $0.00 1.52K Sep 28, 2021 Common Stock 2.5K $2.07 Direct F1, F2
transaction PRCH Stock Option Options Exercise $0 -1.5K -6.88% $0.00 20.3K Sep 28, 2021 Common Stock 1.5K $3.30 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents the cashless exercise of stock options granted to the Reporting Person on June 6, 2018.
F2 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.
F3 This transaction represents the cashless exercise of stock options granted to the Reporting Person on June 5, 2020.
F4 With respect to half of the shares subject to this option, 50% vests in one year, with six month cliff and monthly thereafter and, with respect to the remaining half of the shares subject to this option, 50% vests on the one-year anniversary of the vesting commencement date and monthly thereafter for the following 36 months, subject to continuous employment.