Matthew Neagle - Sep 17, 2021 Form 4 Insider Report for Porch Group, Inc. (PRCH)

Role
Chief Operating Officer
Signature
/s/ Matthew Cullen, as Attorney-in-fact
Stock symbol
PRCH
Transactions as of
Sep 17, 2021
Transactions value $
-$102,555
Form type
4
Date filed
9/21/2021, 08:01 PM
Previous filing
Feb 14, 2022
Next filing
Sep 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRCH Common Stock Options Exercise $3.3K +1K +0.32% $3.30 318K Sep 17, 2021 Direct
transaction PRCH Common Stock Sale -$19.5K -1K -0.31% $19.49* 317K Sep 17, 2021 Direct F1
transaction PRCH Common Stock Options Exercise $4.95K +1.5K +0.47% $3.30 318K Sep 21, 2021 Direct
transaction PRCH Common Stock Options Exercise $5.18K +2.5K +0.79% $2.07 321K Sep 21, 2021 Direct
transaction PRCH Common Stock Sale -$77K -4K -1.25% $19.25* 317K Sep 21, 2021 Direct F1
transaction PRCH Common Stock Sale -$19.5K -1K -0.32% $19.49* 316K Sep 21, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PRCH Stock Option (right to buy) Options Exercise $0 -799 -8.38% $0.00 8.74K Sep 17, 2021 Common Stock 799 $3.30 Direct F2
transaction PRCH Stock Option (right to buy) Options Exercise $0 -201 -0.86% $0.00 23.3K Sep 17, 2021 Common Stock 201 $3.30 Direct F3
transaction PRCH Stock Option (right to buy) Options Exercise $0 -1.5K -6.44% $0.00 21.8K Sep 21, 2021 Common Stock 1.5K $3.30 Direct F3
transaction PRCH Stock Option (right to buy) Options Exercise $0 -2.5K -38.37% $0.00 4.02K Sep 21, 2021 Common Stock 2.5K $2.07 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on April 6, 2021.
F2 25% of the option vested on March 31, 2020 (the "Vesting Commencement Date"), 25% of the remainder vested on the 12 month anniversary of the Vesting Commencement Date. The remainder vests in equal monthly installments thereafter over the next 36 months subject to continuous employment.
F3 25% of the option vested on the sixth-month anniversary of March 1, 2020 (the "Vesting Commencement Date") and 25% in 6 equal monthly installments thereafter; of the remaining 50%, 25% vested on the one-year anniversary of the Vesting Commencement Date and the remainder vests in 36 equal monthly installments thereafter.
F4 This option vested 100% on March 1, 2018.