0001140361-20-029983.txt : 20201230 0001140361-20-029983.hdr.sgml : 20201230 20201230215832 ACCESSION NUMBER: 0001140361-20-029983 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20201223 FILED AS OF DATE: 20201230 DATE AS OF CHANGE: 20201230 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: 201427396 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 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 form4.xml FORM 4 X0306 4 2020-12-23 0001784535 Porch Group, Inc. PRCH 0001515184 Ehrlichman Matt 2200 1ST AVENUE S. SEATTLE WA 98134 true true true CEO, Chairman and Founder Common Stock 2020-12-23 4 J 0 7503885 0 A 7503885 D Common Stock 2020-12-23 4 J 0 6772076 0 A 6772076 I See Footnote Common Stock 2020-12-23 4 J 0 144301 0 A 144301 I Jointly with Spouse Common Stock 2020-12-23 4 J 0 1000000 0 A 8503885 D Stock Options (right to buy) 1.92 2020-12-23 4 A 0 281856 0 A 2027-03-22 Common Stock 281856 281856 D Stock Options (right to buy) 1.92 2020-12-23 4 A 0 281856 0 A 2027-03-22 Common Stock 281856 281856 D Stock Options (right to buy) 2.73 2020-12-23 4 A 0 1328468 0 A 2028-10-17 Common Stock 1328468 1328468 D Stock Options (right to buy) 3.3 2020-12-23 4 A 0 23 0 A 2030-06-04 Common Stock 23 23 D Restricted Stock Units 2020-12-23 4 A 0 6829 0 A 2027-10-01 Common Stock 6829 6829 D Restricted Stock Units 2020-12-23 4 A 0 13810 0 A 2027-10-01 Common Stock 13810 13810 D Includes earn out shares granted in connection with Porch Group, Inc.'s ("Issuer") initial business combination, subject to certain vesting and clawback provisions. These shares of common stock of the Issuer are held by West Equities, LLC over which the Reporting Person has sole voting and dispositive power. Represents a restricted stock award. The restricted shares are subject to the same vesting provisions as the earn out shares described in footnote 1. This option vests 25% on the first anniversary of the vesting commencement date and in subsequent 1/48th increments for each subsequent month of continuous employment. Options held by the Reporting Person will vest 50% upon a change in control, with the remaining options vesting in the event of a qualifying termination within 12 months after such change in control. This option vests 25% on the first anniversary of the vesting commencement date and in subsequent 1/48th increments for each subsequent month of continuous employment.. This option vests 25% upon grant, 25% on the first anniversary of the grant date and 50% in 36 equal monthly installments thereafter. This restricted stock unit award is subject to the following vesting conditions: (1) a continued service vesting condition (March 1, 2021) and (2) the expiration of any contractual lock up period with respect to the Reporting Person following a liquidity event (defined as the closing of a sale of the Issuer, an initial public offering of the equity securities of the Issuer or a business combination with a special purpose acquisition company). /s/ Matthew Cullen as Attorney-in-fact for Matthew Ehrlichman 2020-12-30