0001415889-23-006375.txt : 20230407
0001415889-23-006375.hdr.sgml : 20230407
20230407173106
ACCESSION NUMBER: 0001415889-23-006375
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230407
FILED AS OF DATE: 20230407
DATE AS OF CHANGE: 20230407
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: 23809309
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
form4-04072023_090459.xml
X0407
4
2023-04-07
0001784535
Porch Group, Inc.
PRCH
0001515184
Ehrlichman Matt
411 FIRST AVENUE SOUTH
SUITE 501
SEATTLE
WA
98104
true
true
true
false
CEO, CHAIRMAN AND FOUNDER
0
Common Stock
2023-04-07
4
A
0
582825
0
A
11246640
D
Common Stock
6645508
I
By LLC
Performance-based Restricted Stock Units
2023-04-07
4
A
0
874237
0
A
Common Stock
874237
874237
D
Represents a grant of restricted stock units ("PRSUs"). Each RSU represents a right to receive one share of the Issuer's common stock upon vesting. 25% of the RSUs shall vest on April 5, 2024, then 1/6th of the remaining RSUs shall vest every 6 months for the next 36 months, subject to the Reporting Person's employment or service with the Issuer as contemplated in the RSU Award Agreement.
Issuer common stock held by West Equities, LLC over which Reporting Person has sole voting and dispositive power.
Represents a grant of performance-based RSUs ("PRSUs"). Each PRSU represents a right to receive one share of the Issuer's common stock upon vesting. The PRSUs are earned based on the achievement of specified share price goals for specified time periods during a three-year performance period ending April 7, 2026. The Reporting Person could earn 0-200% of the amount reported depending on the level of performance achieved. The PRSUs reported represent 50% of the full award, additional shares could be earned upon achievement of profit (25%) and revenue (25%) performance goals. The PRSUs will vest upon the certification of achievement by the Compensation Committee of the Board of Directors of the Issuer following the end of the performance period, subject to the Reporting Person's employment or service with the Issuer as contemplated in the PRSU Award Agreement.
/s/ Matthew Cullen, Attorney-in-Fact
2023-04-07