Key facts
- This page summarizes Ehrlichman Matt's Form 4 filing for Porch Group, Inc. (PRCH).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 07 Apr 2023, 17:31.
Ehrlichman Matt - 07 Apr 2023 Form 4 Insider Report for Porch Group, Inc. (PRCH)
- Reporting relationship
- CEO, CHAIRMAN AND FOUNDER, Director, 10%+ Owner
- Issuer ticker
- PRCH
- Reported as of
- 07 Apr 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 07 Apr 2023, 17:31:06 UTC
- Prior SEC filing
- 04 Apr 2023
- Next SEC filing
- 16 May 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Matthew Cullen, Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Ehrlichman Matt filed Form 4 for Porch Group, Inc. (PRCH) on 07 Apr 2023.
Change
- Previous filing in this sequence was filed on 04 Apr 2023.
- Current net transaction value: $0.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
PRCH
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +582,825
- Change %
- +5.5%
- Price
- $0.000000
- Shares after
- 11,246,640
- Date
- 07 Apr 2023
- Ownership
- Direct
- Footnotes
- F1
PRCH
holding
Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 6,645,508
- Date
- 07 Apr 2023
- Ownership
- By LLC
- Footnotes
- F2
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
- +874,237
- Change %
- Price
- $0.000000
- Shares after
- 874,237
- Date
- 07 Apr 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 874,237
- Exercise price
- Footnotes
- F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote 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.
Footnote F2
Issuer common stock held by West Equities, LLC over which Reporting Person has sole voting and dispositive power.
Footnote 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.