Ehrlichman Matt - 10 Feb 2022 Form 4 Insider Report for Porch Group, Inc. (PRCH)

Reporting relationship: CEO, Chairman and Founder, Director, 10%+ Owner
Issuer ticker: PRCH
Reported as of: 10 Feb 2022
Net transaction value: -$169,846
SEC form: 4
Accepted by SEC: 14 Feb 2022, 20:35:31 UTC
Prior SEC filing: 14 Feb 2022
Next SEC filing: 22 Mar 2022
Source filing: View source filing
Reporting owner signature: /s/ Matthew Cullen, as Attorney-in-fact

Key filing fact

Ehrlichman Matt filed Form 4 for Porch Group, Inc. (PRCH) on 14 Feb 2022.

Key facts

This page summarizes Ehrlichman Matt's Form 4 filing for Porch Group, Inc. (PRCH).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 14 Feb 2022, 20:35.

Change

Previous filing in this sequence was filed on 14 Feb 2022.
Current net transaction value: -$169,846.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PRCH transaction

Common Stock

Award

Transaction value: $0
Shares: +144,844
Change %: +1.7%
Price: $0.000000
Shares after: 8,506,147
Date: 10 Feb 2022
Ownership: Direct
Footnotes: F1

PRCH transaction

Common Stock

Award

Transaction value: $0
Shares: +695,249
Change %: +8.2%
Price: $0.000000
Shares after: 9,201,396
Date: 10 Feb 2022
Ownership: Direct
Footnotes: F2

PRCH transaction

Common Stock

Tax liability

Transaction value: $169,846
Shares: -18,263
Change %: -0.2%
Price: $9.30^*
Shares after: 9,183,133
Date: 10 Feb 2022
Ownership: Direct

PRCH holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 6,645,508
Date: 10 Feb 2022
Ownership: By LLC
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PRCH transaction Derivative

Performance-based Restricted Stock Units

Award

Transaction value: $0
Shares: +883,740
Change %
Price: $0.000000
Shares after: 883,740
Date: 10 Feb 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 883,740
Exercise price
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

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. 14,484 RSUs were immediately vested upon grant due to the vesting commencement date of October 1, 2021. The common stock issued upon vesting is subject to a post-vesting holding period of three years from any applicable vesting date, subject to specified exceptions.

Footnote F2

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. 57,937 RSUs were immediately vested upon grant due to the vesting commencement date of October 1, 2021. The common stock issued upon vesting is subject to a post-vesting holding period of three years from any applicable vesting date, subject to specified exceptions.

Footnote F3

Issuer common stock held by West Equities, LLC over which the Reporting Person has sole voting and dispositive power.

Footnote F4

Represents a grant of performance-based RSUs ("Market-Condition PRSUs"). Each Market-Condition PRSU represents a 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 (for 20 trading days within a 30-consecutive trading-day period) during a 36-month performance period as well as vesting. The Market-Condition PRSUs will vest ratably on a quarterly basis over 30 months, with the vesting period commencing on October 1, 2021. The vested PRSUs and the common stock issued upon vesting and being earned are subject to a post-vesting holding period of three years from any applicable vesting date, subject to specified exceptions.