Matt Ehrlichman - Apr 5, 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
Apr 5, 2024
Transactions value $
-$197,479
Form type
4
Date filed
4/9/2024, 04:19 PM
Previous filing
Apr 3, 2024
Next filing
Jul 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRCH Common Stock Award $0 +521K +3.96% $0.00 13.7M Apr 5, 2024 Direct F1
transaction PRCH Common Stock Tax liability -$197K -45.5K -0.33% $4.34 13.6M Apr 5, 2024 Direct F2
holding PRCH Common Stock 6.42M Apr 5, 2024 By LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock units ("RSUs"). Each RSU represents a right to receive one share of the Issuer's common stock upon vesting. 25% of the RSUs shall vest on April 5, 2025, then 1/6th of the remaining RSUs shall vest every 6 months for the next 36 months, subject to the Reporting Person's employment or service with the Issuer as contemplated in the RSU Award Agreement.
F2 These shares represent shares withheld on the annual vesting of the Reporting Person's April 7, 2023, RSU grant. The RSUs will continue to vest ratably every 6 months over the remaining term of the 48-month vesting period which commenced on April 5, 2023, subject to the Reporting Person's continuous employment or service with the Issuer.
F3 Issuer common stock held by West Equities, LLC over which the Reporting Person has sole voting and dispositive power.