Porch Group, Inc. — Director's Dealing 2022

Feb 14, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Porch Group, Inc. (PRCH)
CIK: 0001784535
Period of Report: 2022-02-10

Reporting Person: Ehrlichman Matt (Director, CEO, Chairman and Founder, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-10	Common Stock	A	144844	—	Acquired	8506147	Direct
2022-02-10	Common Stock	A	695249	—	Acquired	9201396	Direct
2022-02-10	Common Stock	F	18263	$9.30	Disposed	9183133	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-10	Performance-based Restricted Stock Units	$	A	883740	Acquired	2025-02-10	Common Stock (883740)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6645508	Indirect

Footnotes

F1: Represents a grant of restricted stock units ("RSUs"). Each RSU represents a right to receive one share of Porch Group, Inc. (the "Issuer") common stock upon vesting. The RSUs will vest ratably on a quarterly basis over 30 months, with the vesting period commencing on October 1, 2021. 14,484 RSUs were immediately vested upon grant due to the vesting commencement date of October 1, 2021. The common stock issued upon vesting is subject to a post-vesting holding period of three years from any applicable vesting date, subject to specified exceptions.

F2: Represents a grant of RSUs. Each RSU represents a right to receive one share of the Issuer's common stock upon vesting. The RSUs will vest ratably on a quarterly basis over 36 months, with the vesting period commencing on October 1, 2021. 57,937 RSUs were immediately vested upon grant due to the vesting commencement date of October 1, 2021. The common stock issued upon vesting is subject to a post-vesting holding period of three years from any applicable vesting date, subject to specified exceptions.

F3: Issuer common stock held by West Equities, LLC over which the Reporting Person has sole voting and dispositive power.

F4: Represents a grant of performance-based RSUs ("Market-Condition PRSUs"). Each Market-Condition PRSU represents a right to receive one share of the Issuer's common stock, subject to the achievement of specified prices per share of the Issuer's common stock (for 20 trading days within a 30-consecutive trading-day period) during a 36-month performance period as well as vesting. The Market-Condition PRSUs will vest ratably on a quarterly basis over 30 months, with the vesting period commencing on October 1, 2021. The vested PRSUs and the common stock issued upon vesting and being earned are subject to a post-vesting holding period of three years from any applicable vesting date, subject to specified exceptions.