[Form 4] Porch Group, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Porch Group, Inc. Chief Operating Officer Matthew Neagle reported the vesting and settlement of a large performance-based equity award. On March 19, 2026, he acquired 826,548 shares of common stock as a grant or award, bringing his direct holdings to 2,634,732 shares.
The shares were earned under performance-based restricted stock units granted on April 7, 2023, tied to share price, revenue, and Adjusted EBITDA goals. Although earned, the shares remain subject to service-based vesting through April 7, 2026. The company intends to settle vested shares in multiple transactions between April 7 and May 21, 2026 and will use a sell-to-cover method, with shares sold at the company’s election to satisfy tax withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
826,554 shares exercised/converted
Mixed
3 txns
Insider
Neagle Matthew
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-based Restricted Stock Units | 826,554 | $0.00 | -- |
| Grant/Award | Common Stock | 826,548 | $0.00 | -- |
| Exercise | Common Stock | 826,554 | $0.00 | -- |
Holdings After Transaction:
Performance-based Restricted Stock Units — 0 shares (Direct);
Common Stock — 1,808,178 shares (Direct)
Footnotes (1)
- Represents shares of the Issuer's Common Stock earned under a performance-based restricted stock unit ("PRSU") award granted on April 7, 2023, following the Compensation Committee's certification of performance achievement on March 19, 2026. The PRSU award was subject to three distinct performance goals of share price, revenue, and Adjusted EBITDA. The earned shares remain subject to a service-based vesting condition through April 7, 2026. The Issuer has confirmed its intent to settle vested shares of Common Stock in numerous transactions over approximately 45 days, between April 7, 2026 and May 21, 2026, to reduce market impact. In addition, the Issuer has adopted a sell-to-cover method (shares will be sold by the Issuer at its election, and without any discretion by the Reporting Person) as the sole means for plan participants to satisfy tax withholding obligations upon the vesting and settlement of awards. Represents PRSUs earned due to the achievement of revenue and Adjusted EBITDA goals. Each PRSU represented a contingent right to receive, upon achievement of the applicable performance metric and subject to vesting, one share of the Issuer's Common Stock. Represents PRSUs earned due to the achievement of specified share price goals. The original award was reported at target achievement, while the amount reported herein reflects actual achievement.
