0001104659-22-023394.txt : 20220214
0001104659-22-023394.hdr.sgml : 20220214
20220214213034
ACCESSION NUMBER: 0001104659-22-023394
CONFORMED SUBMISSION TYPE: 4/A
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210416
FILED AS OF DATE: 20220214
DATE AS OF CHANGE: 20220214
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ehrlichman Matt
CENTRAL INDEX KEY: 0001515184
FILING VALUES:
FORM TYPE: 4/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39142
FILM NUMBER: 22636769
MAIL ADDRESS:
STREET 1: 10182 TELESIS COURT, SUITE 100
CITY: SAN DIEGO
STATE: CA
ZIP: 92121
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Porch Group, Inc.
CENTRAL INDEX KEY: 0001784535
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 900781625
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2200 1ST AVENUE S.
CITY: SEATTLE
STATE: WA
ZIP: 98134
BUSINESS PHONE: (206) 947-2472
MAIL ADDRESS:
STREET 1: 2200 1ST AVENUE S.
CITY: SEATTLE
STATE: WA
ZIP: 98134
FORMER COMPANY:
FORMER CONFORMED NAME: PropTech Acquisition Corp
DATE OF NAME CHANGE: 20190805
4/A
1
tm226793-2_4aseq1.xml
OWNERSHIP DOCUMENT
X0306
4/A
2021-04-16
2021-04-20
0
0001784535
Porch Group, Inc.
PRCH
0001515184
Ehrlichman Matt
2200 1ST AVENUE SOUTH, SUITE 300
SEATTLE
WA
98134
1
1
1
0
CEO, Chairman and Founder
Common Stock
2021-04-16
4
A
0
2470
0
A
8665379
D
Common Stock
2021-04-16
4
F
0
155674
19.3
D
8509705
D
Common Stock
2021-04-16
4
A
0
1613
0
A
6773689
I
See Footnote
Represents additional restricted shares of common stock ("Earnout Shares") of Porch Group, Inc. (the "Issuer") issued pursuant to the Earnout Share adjustment mechanics in the Agreement and Plan of Merger, dated as of July 30, 2020, (as amended, the "Merger Agreement"), by and among the Issuer (f/k/a PropTech Acquisition Corporation), Porch.com, Inc. and the other parties thereto.
The original Form 4, filed on April 20, 2021, is being amended by this Form 4 amendment solely to correct an administrative error, which inadvertently listed 227,154 Earnout Shares as having been forfeited to satisfy tax obligations in connection with the vesting of 345,891 Earnout Shares previously reported on Table I due to Issuer meeting the $18.00 common stock price hurdle set forth in the Merger Agreement (and the corresponding vesting of one-third (1/3) of all Earnout Shares issued under the Merger Agreement) and the vesting of 333,334 restricted shares of common stock previously reported on Table I which are subject to the same vesting hurdles.
Instead, the Form 4 should have listed the forfeiture of 155,674 Earnout Shares in connection with such vesting events. As a result of the administrative error, the number of shares beneficially owned by the reporting person following the corrected transaction reflects an increase in the number of shares reported as beneficially owned by the reporting person by 71,480 shares. This underreporting error was corrected in the Form 4 filing made on November 17, 2021.
These shares of Common Stock are held by West Equities, LLC over which the Reporting Person has sole voting and dispositive power.
/s/ Matthew Cullen, as Attorney-in-fact
2022-02-14