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