Why did the Porch Group (PRCH) CFO’s 7,730-share sale occur?

The sale occurred because the company required it under a sell-to-cover method. This was the sole way for plan participants to pay tax withholding obligations related to performance-based restricted stock units that vested on April 7, 2026, rather than a discretionary market sale.

Porch Group (PRCH) CFO mandated sale of 7,730 shares to cover PRSU taxes

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Porch Group, Inc. Chief Financial Officer Shawn Tabak reported an open-market sale of 7,730 shares of common stock at a weighted average price of $8.1156 per share. The filing states this sale was required by the company under a sell-to-cover method to satisfy tax withholding obligations tied to performance-based restricted stock units that vested on April 7, 2026. After the transaction, Tabak directly holds 382,559 shares of Porch Group common stock. The shares in this sale were executed in multiple trades at prices ranging from $7.92 to $8.48 per share, as disclosed in the footnotes, and are part of a series of settlements expected over approximately 45 days between April 7, 2026 and May 21, 2026.

Insider Trade Summary

Net Seller: 7,730 shares ($62,734)

Net Sell 1 txn

Insider Tabak Shawn

Role CHIEF FINANCIAL OFFICER

Sold 7,730 shs ($63K)

Type	Security	Shares	Price	Value
Sale	Common Stock	7,730	$8.1156	$63K

Holdings After Transaction: Common Stock — 382,559 shares (Direct, null)

Footnotes (1)

This sale was required by the Issuer at its election (without any discretion by the Reporting Person) under a sell-to-cover method as the sole means for plan participants to satisfy tax withholding obligations in connection with the settlement of performance-based restricted stock unit ("PRSU") awards that vested on April 7, 2026. As previously disclosed, the Issuer has confirmed its intent to settle vested shares of Common Stock for these PRSU awards in several transactions over approximately 45 days, between April 7, 2026 and May 21, 2026 to reduce market impact. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.92 to $8.48 per share. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Key Figures

Shares sold: 7,730 shares Weighted average sale price: $8.1156 per share Post-transaction holdings: 382,559 shares +3 more

6 metrics

Shares sold 7,730 shares Open-market sale on April 21, 2026 to cover taxes

Weighted average sale price $8.1156 per share Price for 7,730 shares sold on April 21, 2026

Post-transaction holdings 382,559 shares Common stock directly held by CFO after sale

Trade price range $7.92–$8.48 per share Multiple trades underlying the weighted average price

PRSU vesting date April 7, 2026 Performance-based RSU awards that triggered tax obligation

Settlement window April 7–May 21, 2026 Approximate 45-day period for related settlements

Key Terms

sell-to-cover method, performance-based restricted stock unit ("PRSU") awards, weighted average price

3 terms

sell-to-cover method financial

"This sale was required by the Issuer at its election ... under a sell-to-cover method as the sole means for plan participants to satisfy tax withholding obligations"

performance-based restricted stock unit ("PRSU") awards financial

"in connection with the settlement of performance-based restricted stock unit ("PRSU") awards that vested on April 7, 2026"

weighted average price financial

"The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Form 4 Insider Transactions: What Each Field Means →

04/23/2026 - 06:06 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Tabak Shawn

(Last)

(First)

(Middle)

411 FIRST AVENUE SOUTH

SUITE 501

(Street)

SEATTLE

WASHINGTON

98104

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Porch Group, Inc. [ PRCH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CHIEF FINANCIAL OFFICER

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/21/2026		S⁽¹⁾		7,730	D	$8.1156⁽²⁾	382,559	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This sale was required by the Issuer at its election (without any discretion by the Reporting Person) under a sell-to-cover method as the sole means for plan participants to satisfy tax withholding obligations in connection with the settlement of performance-based restricted stock unit ("PRSU") awards that vested on April 7, 2026. As previously disclosed, the Issuer has confirmed its intent to settle vested shares of Common Stock for these PRSU awards in several transactions over approximately 45 days, between April 7, 2026 and May 21, 2026 to reduce market impact.

2. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.92 to $8.48 per share. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Remarks:

	/s/ Meghan Silver as Attorney-in-fact for Shawn Tabak	04/23/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Porch Group (PRCH) report for CFO Shawn Tabak?

Porch Group reported that CFO Shawn Tabak sold 7,730 shares of common stock. The sale was executed at a weighted average price of $8.1156 per share and was required under a sell-to-cover arrangement to satisfy tax withholding on vested performance-based restricted stock units.

How many Porch Group (PRCH) shares does CFO Shawn Tabak hold after this Form 4 sale?

Following the reported transaction, CFO Shawn Tabak directly holds 382,559 shares of Porch Group common stock. This context shows the 7,730 shares sold for tax withholding represent a relatively small portion of his overall reported direct holdings after the sale.

What price range applied to the Porch Group (PRCH) insider sale on April 21, 2026?

The reported weighted average sale price was $8.1156 per share. According to the footnote, the 7,730 shares were sold in multiple trades at prices ranging from $7.92 to $8.48 per share, and detailed breakdowns are available upon request.

How are Porch Group (PRCH) PRSU awards being settled for tax purposes?

For performance-based restricted stock unit awards that vested on April 7, 2026, the company is using issuer-required sell-to-cover transactions. The issuer intends to settle vested shares of common stock through several transactions over about 45 days, between April 7, 2026 and May 21, 2026.