Matthew Neagle - Oct 22, 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
Oct 22, 2021
Transactions value $
-$138,225
Form type
4
Date filed
10/26/2021, 08:02 PM
Previous filing
Oct 21, 2021
Next filing
Nov 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRCH Common Stock Options Exercise $9.9K +3K +0.95% $3.30 319K Oct 22, 2021 Direct F1, F3
transaction PRCH Common Stock Sale -$53.9K -3K -0.94% $17.98* 316K Oct 22, 2021 Direct F1, F3
transaction PRCH Common Stock Sale -$27K -1.5K -0.48% $17.98* 314K Oct 22, 2021 Direct F3
transaction PRCH Common Stock Options Exercise $6.83K +2.5K +0.8% $2.73 317K Oct 26, 2021 Direct F2, F3
transaction PRCH Common Stock Sale -$46.3K -2.5K -0.79% $18.51* 314K Oct 26, 2021 Direct F2, F3
transaction PRCH Common Stock Sale -$27.8K -1.5K -0.48% $18.51* 313K Oct 26, 2021 Direct F3

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 Options Exercise $0 -3K -14.79% $0.00 17.3K Oct 22, 2021 Common Stock 3K $3.30 Direct F1, F3, F4
transaction PRCH Stock Option Options Exercise $0 -2.5K -26.76% $0.00 6.84K Oct 26, 2021 Common Stock 2.5K $2.73 Direct F2, F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction represents the cashless exercise of stock options granted to the Reporting Person on June 5, 2020.
F2 This transaction represents the cashless exercise of stock options granted to the Reporting Person on August 24, 2018.
F3 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.
F4 With respect to half of the shares subject to this option, 50% vests in one year, with six month cliff and monthly thereafter and, with respect to the remaining half of the shares subject to this option, 50% vests on the one-year anniversary of the vesting commencement date and monthly thereafter for the following 36 months, subject to continuous employment.
F5 This option vests 25% on the first anniversary of the vesting commencement date and in subsequent 1/36th increments for each subsequent month of continuous employment.