0001140361-20-029982.txt : 20201230 0001140361-20-029982.hdr.sgml : 20201230 20201230215829 ACCESSION NUMBER: 0001140361-20-029982 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: Neagle Matthew CENTRAL INDEX KEY: 0001837336 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39142 FILM NUMBER: 201427395 MAIL ADDRESS: STREET 1: 2201 1ST AVENUE SOUTH STREET 2: SUITE 300 CITY: SEATTLE STATE: WA ZIP: 98134 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 0001837336 Neagle Matthew 2200 1ST AVENUE S. SEATTLE WA 98134 true Chief Operating Officer Common Stock 2020-12-23 4 J 0 239848 0 A 239848 D Common Stock 2020-12-23 4 J 0 187904 0 A 427752 D Stock Option (right to buy) 3.3 2020-12-23 4 A 0 23488 0 A 2030-06-04 Common Stock 23488 23488 D Stock Option (right to buy) 3.3 2020-12-23 4 A 0 18035 0 A 2030-06-04 Common Stock 18035 18035 D Stock Option (right to buy) 3.18 2020-12-23 4 A 0 37580 0 A 2025-09-10 Common Stock 37580 37580 D Stock Option (right to buy) 1.92 2020-12-23 4 A 0 30534 0 A 2027-02-20 Common Stock 30534 30534 D Stock Option (right to buy) 1.92 2020-12-23 4 A 0 1189 0 A 2027-05-14 Common Stock 1.189 1.189 D Stock Option (right to buy) 1.92 2020-12-23 4 A 0 1963 0 A 2027-08-18 Common Stock 1963 1963 D Stock Option (right to buy) 1.92 2020-12-23 4 A 0 5789 0 A 2027-08-18 Common Stock 5789 5789 D Stock Option (right to buy) 2.07 2020-12-23 4 A 0 5225 0 A 2028-06-05 Common Stock 5225 5225 D Stock Option (right to buy) 2.07 2020-12-23 4 A 0 12667 0 A 2028-06-05 Common Stock 12667 12667 D Stock Option (right to buy) 2.07 2020-12-23 4 A 0 6972 0 A 2028-06-05 Common Stock 6972 6972 D Stock Option (right to buy) 2.07 2020-12-23 4 A 0 4078 0 A 2028-06-05 Common Stock 4078 4078 D Stock Option (right to buy) 2.07 2020-12-23 4 A 0 11515 0 A 2028-06-05 Common Stock 11515 11515 D Stock Option (right to buy) 2.73 2020-12-23 4 A 0 15327 0 A 2028-08-23 Common Stock 15327 15327 D Stock Option (right to buy) 2.73 2020-12-23 4 A 0 15327 0 A 2028-08-23 Common Stock 15327 15327 D Restricted Stock Units 2020-12-23 4 A 0 26884 0 A 2027-07-23 Common Stock 26884 26884 D Restricted Stock Units 2020-12-23 4 A 0 31365 0 A 2027-07-23 Common Stock 31365 31365 D Restricted Stock Units 2020-12-23 4 A 0 2240 0 A 2027-10-01 Common Stock 2240 2240 D Restricted Stock Units 2020-12-23 4 A 0 8961 0 A 2027-10-01 Common Stock 8961 8961 D Includes earn out shares granted in connection with Porch Group, Inc.'s ("Issuer") initial business combination, subject to certain vesting and clawback provisions. This option vests as follows: (i) 25% percent of the award vests on the sixth-month anniversary of the grant date, with 25% vesting in 36 equal monthly installments thereafter and (ii) 25% of the award vests on the sixth-month anniversary of the grant date, with 25% vesting in 6 equal monthly installments thereafter. The portion of the award described in clause (i) accelerates upon a change of control of the issuer. This option vests 25% upon grant, 25% on the first anniversary of the grant date and 50% in 36 equal monthly installments thereafter. 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. Of the then-unvested shares subject to the option, 50% will vest immediately upon a change in control, with the remaining unvested portion of the option vesting (i) in the event of a qualifying termination of employment within 12 months after such change in control, or (ii) in the event the acquiror does not assume Issuer's rights and obligations under the option. 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. Of the then-unvested shares subject to the option, 100% will vest immediately following a change of control (i) in the event of a qualifying termination of employment within 12 months after such change in control, or (ii) in the event the acquiror does not assume Issuer's rights and obligations under the option. 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 vested 100% on July 1, 2017. This option vested 100% on April 1, 2018. This option vested 100% on March 1, 2018. This option vested 100% on July 1, 2018. This restricted stock unit award is subject to a continued service vesting condition (the first vesting event occurs on October 1, 2020 and the second on July 1, 2021) with 50% of the shares vesting on each date. This restricted stock unit award is subject to a continued service vesting condition (the first vesting event occurs on July 1, 2020 and the second on March 1, 2021) with 50% of the shares vesting on each date. This restricted stock unit award is subject to a continued service vesting condition on March 1, 2021 with 100% of this award vesting on such date. These shares of restricted stock were acquired on July 26, 2019. The shares of restricted stock vest 50% on the second anniversary of the purchase date, with an additional 25% vesting on each of the third and fourth anniversaries of the purchase date, provided the Reporting Person is employed by the Issuer on such dates, subject to the occurrence of a "Liquidity Event" as such term is defined the Restricted Stock Purchase Agreement between the Reporting Person and the Issuer. /s/ Matthew Cullen as Attorney-in-fact for Matthew Neagle 2020-12-30