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Porch Group, Inc. — Director's Dealing 2021
Dec 9, 2021
31781_dirs_2021-12-09_e818a302-0de0-4be5-aede-0db3a791dda3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Porch Group, Inc. (PRCH)
CIK: 0001784535
Period of Report: 2021-12-07
Reporting Person: Neagle Matthew (Chief Operating Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-12-07 | Common Stock | M | 3529 | $3.30 | Acquired | 470413 | Direct |
| 2021-12-07 | Common Stock | M | 971 | $2.07 | Acquired | 471384 | Direct |
| 2021-12-07 | Common Stock | S | 4500 | $18.73 | Disposed | 466884 | Direct |
| 2021-12-08 | Common Stock | S | 1000 | $19.49 | Disposed | 465884 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-12-07 | Stock Option | $3.30 | M | 3529 | Disposed | 2030-06-04 | Common Stock (3529) | Direct |
| 2021-12-07 | Stock Option | $2.07 | M | 971 | Disposed | 2028-06-05 | Common Stock (971) | Direct |
Footnotes
F1: This transaction represents the cashless exercise of stock options.
F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 6, 2021.
F3: With respect to half of the shares subject to this option, 50% vests in one year, with six month cliff and monthly thereafter and, with respect to the remaining half of the shares subject to this option, 50% vests on the one-year anniversary of the vesting commencement date and monthly thereafter for the following 36 months, subject to continuous employment.
F4: 25% of the option vested on March 1, 2019 and the remainder vests in equal monthly installments thereafter over the next 36 months subject to continuous employment.