Matthew Neagle - Oct 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
Oct 28, 2021
Transactions value $
-$90,850
Form type
4
Date filed
11/1/2021, 04:01 PM
Previous filing
Oct 26, 2021
Next filing
Nov 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRCH Common Stock Options Exercise $6.6K +2K +0.64% $3.30 315K Oct 28, 2021 Direct F1, F2
transaction PRCH Common Stock Sale -$39K -2K -0.64% $19.49* 313K Oct 28, 2021 Direct F1, F2
transaction PRCH Common Stock Sale -$58.5K -3K -0.96% $19.49* 310K Oct 28, 2021 Direct F2

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 -1.72K -9.94% $0.00 15.6K Oct 28, 2021 Common Stock 1.72K $3.30 Direct F1, F2, F3
transaction PRCH Stock Option Options Exercise $0 -282 -3.23% $0.00 8.45K Oct 28, 2021 Common Stock 282 $3.30 Direct F1, F2, 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 5, 2020.
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 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.
F4 25% of the option vested on March 31, 2020, the vesting commencement date, and 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.