Ehrlichman Matt - 01 Jan 2024 Form 4 Insider Report for Porch Group, Inc. (PRCH)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
03 Jan 2024, 20:54:12 UTC
Prior SEC filing
02 Oct 2023
Next SEC filing
03 Apr 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/Matthew Cullen as Attorney-in-fact for Matthew Ehrlichman

Key filing fact

Ehrlichman Matt filed Form 4 for Porch Group, Inc. (PRCH) on 03 Jan 2024.

Key facts

  • This page summarizes Ehrlichman Matt's Form 4 filing for Porch Group, Inc. (PRCH).
  • 2 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 03 Jan 2024, 20:54.

Change

  • Previous filing in this sequence was filed on 02 Oct 2023.
  • Current net transaction value: -$65,154.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PRCH transaction

Common Stock

Tax liability

Transaction value
$54,226
Shares
-17,606
Change %
-0.13%
Price
$3.08
Shares after
13,174,492
Date
01 Jan 2024
Ownership
Direct
Footnotes
F1, F2
PRCH transaction

Common Stock

Tax liability

Transaction value
$10,928
Shares
-3,548
Change %
-0.03%
Price
$3.08
Shares after
13,170,944
Date
01 Jan 2024
Ownership
Direct
Footnotes
F3
PRCH holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
6,416,712
Date
01 Jan 2024
Ownership
By LLC
Footnotes
F4, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

These shares represent shares withheld on the quarterly vesting of the Reporting Person's February 10, 2022 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

Footnote F2

Reflects the forfeiture of 683,530 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.

Footnote F3

These shares represent shares withheld on the quarterly vesting of the Reporting Person's February 10, 2022 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.

Footnote F4

Reflects the forfeiture of 228,796 Earnout Shares previously issued pursuant to 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.

Footnote F5

Issuer common stock held by West Equities, LLC over which the Reporting Person has sole voting and dispositive power.

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