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