Matthew Neagle - 22 Oct 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
22 Oct 2021
Net transactions value
-$138,225
Form type
4
Filing time
26 Oct 2021, 20:02:29 UTC
Previous filing
21 Oct 2021
Next filing
01 Nov 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 $9,900 +3,000 +0.95% $3.30 318,516 22 Oct 2021 Direct F1, F3
transaction PRCH Common Stock Sale $53,940 -3,000 -0.94% $17.98* 315,516 22 Oct 2021 Direct F1, F3
transaction PRCH Common Stock Sale $26,970 -1,500 -0.48% $17.98* 314,016 22 Oct 2021 Direct F3
transaction PRCH Common Stock Options Exercise $6,825 +2,500 +0.8% $2.73 316,516 26 Oct 2021 Direct F2, F3
transaction PRCH Common Stock Sale $46,275 -2,500 -0.79% $18.51* 314,016 26 Oct 2021 Direct F2, F3
transaction PRCH Common Stock Sale $27,765 -1,500 -0.48% $18.51* 312,516 26 Oct 2021 Direct 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 -3,000 -15% $0.000000 17,287 22 Oct 2021 Common Stock 3,000 $3.30 Direct F1, F3, F4
transaction PRCH Stock Option Options Exercise $0 -2,500 -27% $0.000000 6,842 26 Oct 2021 Common Stock 2,500 $2.73 Direct F2, F3, F5
* 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 5, 2020.
F2 This transaction represents the cashless exercise of stock options granted to the Reporting Person on August 24, 2018.
F3 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.
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.
F5 This option vests 25% on the first anniversary of the vesting commencement date and in subsequent 1/36th increments for each subsequent month of continuous employment.