Matthew Neagle - Jan 1, 2024 Form 4 Insider Report for Porch Group, Inc. (PRCH)

Signature
/s/Matthew Cullen as Attorney-in-fact for Matthew Neagle
Stock symbol
PRCH
Transactions as of
Jan 1, 2024
Transactions value $
-$16,102
Form type
4
Date filed
1/3/2024, 08:51 PM
Previous filing
Oct 2, 2023
Next filing
Apr 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRCH Common Stock Tax liability -$6.37K -2.07K -0.16% $3.08 1.28M Jan 1, 2024 Direct F1, F2
transaction PRCH Common Stock Tax liability -$9.73K -3.16K -0.25% $3.08 1.28M Jan 1, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent shares withheld on the quarterly vesting of the Reporting Person's November 16, 2021 RSU grant. The RSUs will continue to vest ratably on a quarterly basis over 30 months, with the vesting period commencing on October 1, 2021.
F2 Reflects the forfeiture of 22,057 restricted shares of common stock ("Earnout Shares") previously issued pursuant to the Agreement and Plan of Merger, dated as of July 30, 2020, (as amended, the "Merger Agreement"), by and among the Issuer (f/k/a PropTech Acquisition Corporation), Porch.com, Inc. and the other parties thereto. The Earnout Shares were automatically forfeited on December 23, 2023 pursuant to the terms of the Merger Agreement because certain vesting conditions were not satisfied.
F3 These shares represent shares withheld on the quarterly vesting of the Reporting Person's November 16, 2021 RSU grant. The RSUs will continue to vest ratably on a quarterly basis over 36 months, with the vesting period commencing on October 1, 2021