Matthew Neagle - Nov 30, 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 30, 2021
Transactions value $
-$96,100
Form type
4
Date filed
12/2/2021, 03:00 PM
Previous filing
Nov 24, 2021
Next filing
Dec 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRCH Common Stock Options Exercise $8.25K +2.5K +0.53% $3.30 472K Nov 30, 2021 Direct F1, F2
transaction PRCH Common Stock Sale -$52.2K -2.5K -0.53% $20.87* 469K Nov 30, 2021 Direct F1, F2
transaction PRCH Common Stock Sale -$52.2K -2.5K -0.53% $20.87* 467K Nov 30, 2021 Direct F2

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 -1.94K -16.05% $0.00 10.1K Nov 30, 2021 Common Stock 1.94K $3.30 Direct F1, F2, F3
transaction PRCH Stock Option Options Exercise $0 -563 -6.66% $0.00 7.89K Nov 30, 2021 Common Stock 563 $3.30 Direct F1, F2, F4
* 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.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 6, 2021.
F3 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.
F4 25% of the option vested on March 31, 2020, the vesting commencement date, and 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.