Matthew Neagle - 07 Dec 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
07 Dec 2021
Net transactions value
-$90,119
Form type
4
Filing time
09 Dec 2021, 15:00:24 UTC
Previous filing
02 Dec 2021
Next filing
13 Dec 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 $11,646 +3,529 +0.76% $3.30 470,413 07 Dec 2021 Direct F1, F2
transaction PRCH Common Stock Options Exercise $2,010 +971 +0.21% $2.07 471,384 07 Dec 2021 Direct F1, F2
transaction PRCH Common Stock Sale $84,285 -4,500 -0.95% $18.73* 466,884 07 Dec 2021 Direct F1, F2
transaction PRCH Common Stock Sale $19,490 -1,000 -0.21% $19.49* 465,884 08 Dec 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 -3,529 -35% $0.000000 6,603 07 Dec 2021 Common Stock 3,529 $3.30 Direct F1, F2, F3
transaction PRCH Stock Option Options Exercise $0 -971 -32% $0.000000 2,108 07 Dec 2021 Common Stock 971 $2.07 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.
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 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 1, 2019 and the remainder vests in equal monthly installments thereafter over the next 36 months subject to continuous employment.