0001784535-23-000039.txt : 20231002 0001784535-23-000039.hdr.sgml : 20231002 20231002201722 ACCESSION NUMBER: 0001784535-23-000039 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230928 FILED AS OF DATE: 20231002 DATE AS OF CHANGE: 20231002 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: 231301288 MAIL ADDRESS: STREET 1: 411 1ST AVENUE S., SUITE 501 CITY: SEATTLE STATE: WA ZIP: 98104 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Porch Group, Inc. CENTRAL INDEX KEY: 0001784535 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 832587663 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 411 1ST AVENUE S., SUITE 501 CITY: SEATTLE STATE: WA ZIP: 98104 BUSINESS PHONE: (855) 767-2400 MAIL ADDRESS: STREET 1: 411 1ST AVENUE S., SUITE 501 CITY: SEATTLE STATE: WA ZIP: 98104 FORMER COMPANY: FORMER CONFORMED NAME: PropTech Acquisition Corp DATE OF NAME CHANGE: 20190805 4 1 wk-form4_1696292230.xml FORM 4 X0508 4 2023-09-28 0 0001784535 Porch Group, Inc. PRCH 0001515184 Ehrlichman Matt 411 FIRST AVENUE SOUTH SUITE 501 SEATTLE WA 98104 1 1 1 0 CEO, CHAIRMAN AND FOUNDER 1 Common Stock 2023-09-28 4 P 0 68933 0.8418 A 13830600 D Common Stock 2023-09-29 4 P 0 2439 0.80 A 13833039 D Common Stock 2023-10-01 4 F 0 6580 0.8026 D 13826459 D Common Stock 2023-10-01 4 F 0 3612 0.8026 D 13822847 D Common Stock 2023-10-01 4 F 0 14444 0.8026 D 13808403 D Common Stock 2023-10-02 4 P 0 67225 0.791 A 13875628 D Common Stock 6645508 I By LLC Represents a purchase pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on June 2, 2023 (the "10b5-1 Plan"). The 10b5-1 Plan is scheduled to terminate on December 31, 2023 and covers the purchase of up to an aggregate of 2,327,777 shares of the Issuer's common stock. Trading under the 10b5-1 Plan did not commence until at least 90 days following the date on which the plan was entered. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.8044 to $0.8600 per share. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. These shares represent shares withheld on semi-annual vesting of the Reporting Person's May 20, 2022 RSU grant. The RSUs will continue to vest ratably on a semi-annual bases over 36 months, with the vesting period commencing on April 1, 2022. These shares represent shares withheld on the quarterly vesting of the Reporting Person's February 10, 2022 RSU grant. The RSUs will continue to vest ratably on a quarterly basis over 30 months, with the vesting period commencing on October 1, 2021. These shares represent shares withheld on the quarterly vesting of the Reporting Person's February 10, 2022 RSU grant. The RSUs will continue to vest ratably on a quarterly basis over 36 months, with the vesting period commencing on October 1, 2021. Represents a purchase pursuant the 10b5-1 Plan. The 10b5-1 Plan is scheduled to terminate on December 31, 2023 and covers the purchase of up to an aggregate of 2,327,777 shares of the Issuer's common stock. Following the purchase on October 2, 2023, all shares of the Issuer's common stock subject to the 10b5-1 Plan had been purchased and the 10b5-1 Plan terminated in accordance with its terms. Trading under the 10b5-1 Plan did not commence until at least 90 days following the date on which the plan was entered. The reported price in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.7907 to $0.7912 per share. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote. Issuer common stock held by West Equities, LLC over which the Reporting Person has sole voting and dispositive power. /s/ Matthew Cullen, as Attorney-in-fact 2023-10-02