Park West Asset Management LLC - 17 Apr 2023 Form 4 Insider Report for Porch Group, Inc. (PRCH)

Role
10%+ Owner
Signature
/s/ Grace Jimenez, Chief Financial Officer of Park West Asset Management LLC
Issuer symbol
PRCH
Transactions as of
17 Apr 2023
Net transactions value
-$3,302,000
Form type
4
Filing time
17 Apr 2023, 21:00:07 UTC
Previous filing
14 Feb 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRCH Common Stock, par value $0.0001 Sale $3,302,000 -2,600,000 -21% $1.27 9,667,707 17 Apr 2023 See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Park West Asset Management LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Park West Asset Management LLC ("PWAM") is the investment manager to Park West Investors Master Fund, Limited, a Cayman Islands exempted company ("PWIMF") and Park West Partners International, Limited, a Cayman Islands exempted company ("PWPI" and, collectively with PWIMF, the "PW Funds"). Peter S. Park ("Mr. Park"), through one or more affiliated entities, is the controlling manager of the Reporting Person. The Reporting Person's and Mr. Park's beneficial ownership is limited to their pecuniary interest, if any, in the securities reported herein.
F2 Represents the sale of shares in a privately negotiated sale transaction. The Reporting Person's sales reported herein are matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, with previously reported transactions by the Reporting Person (the "Previous Transactions"). Because the sale reported herein occurred at a price lower than the price the Reporting Person sold shares in the Previous Transactions, there are no additional recoverable profits subject to disgorgement in connection with the sale reported herein.