Matthew Neagle - Nov 23, 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
Nov 23, 2021
Transactions value $
-$333,975
Form type
4
Date filed
11/24/2021, 06:22 PM
Previous filing
Nov 18, 2021
Next filing
Dec 2, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRCH Common Stock Options Exercise $8.25K +2.5K +0.53% $3.30 477K Nov 23, 2021 Direct F1, F2
transaction PRCH Common Stock Sale -$59.3K -2.5K -0.52% $23.73* 474K Nov 23, 2021 Direct F1, F2
transaction PRCH Common Stock Options Exercise $25.4K +8K +1.69% $3.18 482K Nov 23, 2021 Direct F1, F2
transaction PRCH Common Stock Sale -$190K -8K -1.66% $23.78* 474K Nov 23, 2021 Direct F1, F2, F3
transaction PRCH Common Stock Sale -$118K -5K -1.05% $23.62* 469K Nov 23, 2021 Direct F2, F4

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 -17.16% $0.00 12.1K Nov 23, 2021 Common Stock 2.5K $3.30 Direct F1, F2, F5
transaction PRCH Stock Option Options Exercise $0 -8K -100% $0.00* 0 Nov 23, 2021 Common Stock 8K $3.18 Direct F1, F2, F6
* 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.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 6, 2021.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.03 to $24.03 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.03 to $23.99 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5 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.
F6 25% of the option vested on September 11, 2016 and the remainder vests in equal monthly installments thereafter over the next 36 months subject to continuous employment.