Porch Group, Inc. — Director's Dealing 2021

Nov 24, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Porch Group, Inc. (PRCH)
CIK: 0001784535
Period of Report: 2021-11-23

Reporting Person: Neagle Matthew (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-23	Common Stock	M	2500	$3.30	Acquired	476884	Direct
2021-11-23	Common Stock	S	2500	$23.73	Disposed	474384	Direct
2021-11-23	Common Stock	M	8000	$3.18	Acquired	482384	Direct
2021-11-23	Common Stock	S	8000	$23.78	Disposed	474384	Direct
2021-11-23	Common Stock	S	5000	$23.62	Disposed	469384	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-23	Stock Option	$3.30	M	2500	Disposed	2030-06-04	Common Stock (2500)	Direct
2021-11-23	Stock Option	$3.18	M	8000	Disposed	2025-09-10	Common Stock (8000)	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: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.03 to $24.03 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F4: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.03 to $23.99 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F5: 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.

F6: 25% of the option vested on September 11, 2016 and the remainder vests in equal monthly installments thereafter over the next 36 months subject to continuous employment.