Porch Group, Inc. — Director's Dealing 2021

Apr 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Porch Group, Inc. (PRCH)
CIK: 0001784535
Period of Report: 2021-04-16

Reporting Person: Ehrlichman Matt (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-16	Common Stock	A	2470	—	Acquired	8665379	Direct
2021-04-16	Common Stock	F	227154	$19.3	Disposed	8438225	Direct
2021-04-16	Common Stock	A	1613	—	Acquired	6773689	Indirect

Footnotes

F1: Represents additional restricted shares of common stock ("Earnout Shares") of Porch Group, Inc. (the "Issuer") issued pursuant to the Earnout Share adjustment mechanics in the Agreement and Plan of Merger, dated as of July 30, 2020, (as amended, the "Merger Agreement"), by and among the Issuer (f/k/a PropTech Acquisition Corporation), Porch.com, Inc. and the other parties thereto.

F2: Represents Earnout Shares forfeited to satisfy tax obligations in connection with the vesting of 345,891 Earnout Shares previously reported on Table I due to Issuer meeting the $18.00 common stock price hurdle set forth in the Merger Agreement (and the corresponding vesting of one-third (1/3) of all Earnout Shares issued under the Merger Agreement) and the vesting of 333,334 restricted shares of common stock previously reported on Table I which are subject to the same vesting hurdles.

F3: These shares of Common Stock are held by West Equities, LLC over which the Reporting Person has sole voting and dispositive power.