Matt Ehrlichman - Apr 7, 2023 Form 4 Insider Report for Porch Group, Inc. (PRCH)

Role: CEO, CHAIRMAN AND FOUNDER, Director, 10%+ Owner
Signature: /s/ Matthew Cullen, Attorney-in-Fact
Stock symbol: PRCH
Transactions as of: Apr 7, 2023
Transactions value $: $0
Form type: 4
Date filed: 4/7/2023, 05:31 PM
Previous filing: Apr 4, 2023
Next filing: May 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PRCH	Common Stock	Award	$0	+583K	+5.47%	$0.00	11.2M	Apr 7, 2023	Direct	F1
holding	PRCH	Common Stock						6.65M	Apr 7, 2023	By LLC	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	Performance-based Restricted Stock Units	Award	$0	+874K		$0.00	874K	Apr 7, 2023	Common Stock	874K		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a grant of restricted stock units ("PRSUs"). Each RSU represents a right to receive one share of the Issuer's common stock upon vesting. 25% of the RSUs shall vest on April 5, 2024, then 1/6th of the remaining RSUs shall vest every 6 months for the next 36 months, subject to the Reporting Person's employment or service with the Issuer as contemplated in the RSU Award Agreement.
F2	Issuer common stock held by West Equities, LLC over which Reporting Person has sole voting and dispositive power.
F3	Represents a grant of performance-based RSUs ("PRSUs"). Each PRSU represents a right to receive one share of the Issuer's common stock upon vesting. The PRSUs are earned based on the achievement of specified share price goals for specified time periods during a three-year performance period ending April 7, 2026. The Reporting Person could earn 0-200% of the amount reported depending on the level of performance achieved. The PRSUs reported represent 50% of the full award, additional shares could be earned upon achievement of profit (25%) and revenue (25%) performance goals. The PRSUs will vest upon the certification of achievement by the Compensation Committee of the Board of Directors of the Issuer following the end of the performance period, subject to the Reporting Person's employment or service with the Issuer as contemplated in the PRSU Award Agreement.