Matthew Neagle - Nov 16, 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: Nov 16, 2021
Transactions value $: -$66,950
Form type: 4
Date filed: 11/18/2021, 08:05 PM
Previous filing: Nov 12, 2021
Next filing: Nov 24, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PRCH	Common Stock	Sale	-$67K	-2.5K	-0.83%	$26.78^*	300K	Nov 16, 2021	Direct	F1
transaction	PRCH	Common Stock	Award	$0	+61.5K	+20.51%	$0.00	362K	Nov 16, 2021	Direct	F2
transaction	PRCH	Common Stock	Award	$0	+113K	+31.21%	$0.00	474K	Nov 16, 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	Performance-based Restricted Stock Units	Award	$0	+37.2K		$0.00	37.2K	Nov 16, 2021	Common Stock	37.2K		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	Represents a grant of restricted stock units ("RSUs"). Each RSU represents a right to receive one share of Porch Group, Inc. (the "Issuer") common stock upon vesting. The RSUs will vest ratably on a quarterly basis over 30 months, with the vesting period commencing on October 1, 2021.
F3	Represents a grant of RSUs. Each RSU represents a right to receive one share of the Issuer's common stock upon vesting. The RSUs will vest ratably on a quarterly basis over 36 months, with the vesting period commencing on October 1, 2021.
F4	Represents a grant of performance-based RSUs ("PRSUs"). Each PRSU represents a contingent right to receive one share of the Issuer's common stock, subject to the achievement of specified prices per share of the Issuer's common stock during a 36-month period as well as vesting. Each PRSU will vest ratably on a quarterly basis over 30 months, with the vesting period commencing on October 1, 2021.