Matthew Neagle - Nov 16, 2021 Form 4 Insider Report for Porch Group, Inc. (PRCH)

Signature
/s/ Matthew Cullen, as Attorney-in-fact
Stock symbol
PRCH
Transactions as of
Nov 16, 2021
Transactions value $
-$66,950
Form type
4
Date filed
11/18/2021, 08:05 PM
Previous filing
Nov 12, 2021
Next filing
Nov 24, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRCH Common Stock Sale -$67K -2.5K -0.83% $26.78* 300K Nov 16, 2021 Direct F1
transaction PRCH Common Stock Award $0 +61.5K +20.51% $0.00 362K Nov 16, 2021 Direct F2
transaction PRCH Common Stock Award $0 +113K +31.21% $0.00 474K Nov 16, 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 Performance-based Restricted Stock Units Award $0 +37.2K $0.00 37.2K Nov 16, 2021 Common Stock 37.2K 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 Represents a grant of restricted stock units ("RSUs"). Each RSU represents a right to receive one share of Porch Group, Inc. (the "Issuer") common stock upon vesting. The RSUs will vest ratably on a quarterly basis over 30 months, with the vesting period commencing on October 1, 2021.
F3 Represents a grant of RSUs. Each RSU represents a right to receive one share of the Issuer's common stock upon vesting. The RSUs will vest ratably on a quarterly basis over 36 months, with the vesting period commencing on October 1, 2021.
F4 Represents a grant of performance-based RSUs ("PRSUs"). Each PRSU represents a contingent right to receive one share of the Issuer's common stock, subject to the achievement of specified prices per share of the Issuer's common stock during a 36-month period as well as vesting. Each PRSU will vest ratably on a quarterly basis over 30 months, with the vesting period commencing on October 1, 2021.