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

Role
CEO, CHAIRMAN AND FOUNDER, Director, 10%+ Owner
Signature
/s/Matthew Cullen as Attorney-in-fact for Matthew Ehrlichman
Stock symbol
PRCH
Transactions as of
Jan 1, 2024
Transactions value $
-$65,154
Form type
4
Date filed
1/3/2024, 08:54 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 -$54.2K -17.6K -0.13% $3.08 13.2M Jan 1, 2024 Direct F1, F2
transaction PRCH Common Stock Tax liability -$10.9K -3.55K -0.03% $3.08 13.2M Jan 1, 2024 Direct F3
holding PRCH Common Stock 6.42M Jan 1, 2024 By LLC F4, F5
* 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 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
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.
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.
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.
F5 Issuer common stock held by West Equities, LLC over which the Reporting Person has sole voting and dispositive power.