Maurice Tulloch - Jun 8, 2023 Form 4 Insider Report for Porch Group, Inc. (PRCH)

Role: Director
Signature: /s/ Matthew Cullen, Attorney-in-Fact
Stock symbol: PRCH
Transactions as of: Jun 8, 2023
Transactions value $: -$10,947
Form type: 4
Date filed: 6/12/2023, 08:06 PM
Previous filing: Jun 10, 2022
Next filing: Jun 11, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PRCH	Common Stock	Award	$0	+75.2K	+254.73%	$0.00	105K	Jun 8, 2023	Direct	F1
transaction	PRCH	Common Stock	Tax liability	-$10.9K	-8.23K	-7.86%	$1.33	96.5K	Jun 8, 2023	Direct	F2

* 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	This transaction represents shares forfeited to satisfy tax obligations in connection with the vesting of 25,707 RSUs granted to the Reporting Person on June 8, 2022.

Content

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.

This transaction represents shares forfeited to satisfy tax obligations in connection with the vesting of 25,707 RSUs granted to the Reporting Person on June 8, 2022.