MAURICE TULLOCH - 08 Jun 2022 Form 4 Insider Report for Porch Group, Inc. (PRCH)

Role
Director
Signature
/s/ Matthew Cullen, Attorney-in-Fact
Issuer symbol
PRCH
Transactions as of
08 Jun 2022
Net transactions value
-$5,302
Form type
4
Filing time
10 Jun 2022, 18:28:23 UTC
Previous filing
28 Dec 2021
Next filing
12 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRCH Common Stock Award $0 +25,707 +523% $0.000000 30,621 08 Jun 2022 Direct F1
transaction PRCH Common Stock Award $0 +402 +1.3% $0.000000 31,023 08 Jun 2022 Direct F2
transaction PRCH Common Stock Tax liability $443 -114 -0.37% $3.89 30,909 08 Jun 2022 Direct F3
transaction PRCH Common Stock Tax liability $4,858 -1,392 -4.5% $3.49 29,517 09 Jun 2022 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents an annual grant of restricted stock units ("RSUs") for Board and Committee service under the Porch Group, Inc. Non-Employee Director Compensation Policy. Each RSU represents a right to receive one share of Porch Group, Inc. (the "Company") common stock upon vesting. The shares underlying the RSUs will vest on the one-year anniversary of the grant date ("Annual Grant Vesting Date"), subject to the reporting person remaining a member of the Company's board of directors through the Annual Grant Vesting Date. The shares underlying the RSUs shall have resale restrictions pursuant to which two-thirds of the vested shares underlying the RSUs may not be sold after the Annual Grant Vesting Date. The resale restrictions expire in equal increments on the first and second anniversaries of the Annual Grant Vesting Date.
F2 Represents a pro rata annual grant from date of appointment through the date of the Company's 2022 annual meeting of stockholders (the "Annual Meeting") of RSUs for Committee service under the Porch Group, Inc. Non-Employee Director Compensation Policy. Each RSU represents a right to receive one share of the Company's common stock upon vesting. The shares underlying the RSUs were immediately vested on the grant date ("Pro-Rata Grant Vesting Date"). The shares underlying the RSUs shall have resale restrictions pursuant to which two-thirds of the vested shares underlying the RSUs may not be sold after the Pro-Rata Grant Vesting Date. The resale restrictions expire in equal increments on the first and second anniversaries of the Pro-Rata Grant Vesting Date.
F3 This transaction represents shares forfeited to satisfy tax obligations in connection with the vesting of 402 RSUs stock units granted to the Reporting Person on the Pro-Rata Grant Vesting Date.
F4 This transaction represents shares forfeited to satisfy tax obligations in connection with the vesting of 4,283 and 631 RSUs granted to the Reporting Person on August 12, 2021 and December 23, 2021, respectively.