0001104659-22-023398.txt : 20220214
0001104659-22-023398.hdr.sgml : 20220214
20220214213531
ACCESSION NUMBER: 0001104659-22-023398
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220210
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
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39142
FILM NUMBER: 22636791
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
1
tm226793-1_4seq1.xml
OWNERSHIP DOCUMENT
X0306
4
2022-02-10
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
2022-02-10
4
A
0
144844
0
A
8506147
D
Common Stock
2022-02-10
4
A
0
695249
0
A
9201396
D
Common Stock
2022-02-10
4
F
0
18263
9.30
D
9183133
D
Common Stock
6645508
I
By LLC
Performance-based Restricted Stock Units
2022-02-10
4
A
0
883740
0
A
2025-02-10
Common Stock
883740
883740
D
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. 14,484 RSUs were immediately vested upon grant due to the vesting commencement date of October 1, 2021. The common stock issued upon vesting is subject to a post-vesting holding period of three years from any applicable vesting date, subject to specified exceptions.
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. 57,937 RSUs were immediately vested upon grant due to the vesting commencement date of October 1, 2021. The common stock issued upon vesting is subject to a post-vesting holding period of three years from any applicable vesting date, subject to specified exceptions.
Issuer common stock held by West Equities, LLC over which the Reporting Person has sole voting and dispositive power.
Represents a grant of performance-based RSUs ("Market-Condition PRSUs"). Each Market-Condition PRSU represents a 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 (for 20 trading days within a 30-consecutive trading-day period) during a 36-month performance period as well as vesting. The Market-Condition PRSUs will vest ratably on a quarterly basis over 30 months, with the vesting period commencing on October 1, 2021. The vested PRSUs and the common stock issued upon vesting and being earned are subject to a post-vesting holding period of three years from any applicable vesting date, subject to specified exceptions.
/s/ Matthew Cullen, as Attorney-in-fact
2022-02-14