Matthew Neagle - Dec 7, 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: Dec 7, 2021
Transactions value $: -$90,119
Form type: 4
Date filed: 12/9/2021, 03:00 PM
Previous filing: Dec 2, 2021
Next filing: Dec 13, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PRCH	Common Stock	Options Exercise	$11.6K	+3.53K	+0.76%	$3.30	470K	Dec 7, 2021	Direct	F1, F2
transaction	PRCH	Common Stock	Options Exercise	$2.01K	+971	+0.21%	$2.07	471K	Dec 7, 2021	Direct	F1, F2
transaction	PRCH	Common Stock	Sale	-$84.3K	-4.5K	-0.95%	$18.73^*	467K	Dec 7, 2021	Direct	F1, F2
transaction	PRCH	Common Stock	Sale	-$19.5K	-1K	-0.21%	$19.49^*	466K	Dec 8, 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	-3.53K	-34.83%	$0.00	6.6K	Dec 7, 2021	Common Stock	3.53K	$3.30	Direct	F1, F2, F3
transaction	PRCH	Stock Option	Options Exercise	$0	-971	-31.54%	$0.00	2.11K	Dec 7, 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.