Matthew Neagle - Mar 8, 2022 Form 4 Insider Report for Porch Group, Inc. (PRCH)

Role
CHIEF OPERATING OFFICER
Signature
/s/ Matthew Cullen, Attorney-in-Fact
Stock symbol
PRCH
Transactions as of
Mar 8, 2022
Transactions value $
$86,782
Form type
4
Date filed
3/10/2022, 06:58 PM
Previous filing
Jan 4, 2022
Next filing
Apr 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRCH Common Stock Options Exercise $60.5K +31.5K +8.1% $1.92 421K Mar 8, 2022 Direct F1
transaction PRCH Common Stock Options Exercise $17.6K +8.48K +2.02% $2.07 429K Mar 8, 2022 Direct F1
transaction PRCH Common Stock Options Exercise $3.49K +1.28K +0.3% $2.73 431K Mar 8, 2022 Direct F1
transaction PRCH Common Stock Options Exercise $5.21K +1.58K +0.37% $3.30 432K Mar 8, 2022 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 +770 $0.00* 0 Mar 8, 2022 Common Stock 770 $1.92 Direct F2
transaction PRCH Stock Option (right to buy) Options Exercise $0 +30.5K $0.00* 0 Mar 8, 2022 Common Stock 30.5K $1.92 Direct F3
transaction PRCH Stock Option (right to buy) Options Exercise $0 +219 $0.00* 0 Mar 8, 2022 Common Stock 219 $1.92 Direct F4
transaction PRCH Stock Option (right to buy) Options Exercise $0 +3.47K $0.00 291 Mar 8, 2022 Common Stock 3.47K $2.07 Direct F5
transaction PRCH Stock Option (right to buy) Options Exercise $0 +2.9K $0.00 264 Mar 8, 2022 Common Stock 2.9K $2.07 Direct F5
transaction PRCH Stock Option (right to buy) Options Exercise $0 +2.11K $0.00* 0 Mar 8, 2022 Common Stock 2.11K $2.07 Direct F6
transaction PRCH Stock Option (right to buy) Options Exercise $0 +1.28K +127700% $0.00 1.28K Mar 8, 2022 Common Stock 1.28K $2.73 Direct F5
transaction PRCH Stock Option (right to buy) Options Exercise $0 +734 +14.29% $0.00 5.87K Mar 8, 2022 Common Stock 734 $3.30 Direct F7
transaction PRCH Stock Option (right to buy) Options Exercise $0 +846 +13.65% $0.00 7.05K Mar 8, 2022 Common Stock 846 $3.30 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transactions reported on this Form 4 represent a cash exercise of options by the reporting person for 42,862 shares of the Issuer's Common stock and are exempt from Section 16(b) by reason of Rule 16b-3. No sales of Issuer stock have occurred as part of these transactions.
F2 This option vested 100% on April 1, 2021.
F3 This option vested 100% on January 1, 2021.
F4 This option vested 100% on July 1, 2021.
F5 This option vested 25% on the first anniversary of the vesting commencement date and the remainder vests in equal monthly installments thereafter over the next 36 months, subject to continuous employment.
F6 This option vested 100% on March 1, 2022.
F7 With respect to half of the shares subject to this option, 50% vested in one year, with six month cliff and monthly thereafter and, with respect to the remaining half of the shares subject to the this option, 50% vested on the one-year anniversary of the vesting commencement date and the remainder vests monthly thereafter for the following 36 months, subject to continuous employment.
F8 This option vested 25% on 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.