4//SEC Filing
Lam Rachel 4
Accession 0001784535-25-000062
CIK 0001784535other
Filed
Jun 12, 8:00 PM ET
Accepted
Jun 13, 5:55 PM ET
Size
8.0 KB
Accession
0001784535-25-000062
Insider Transaction Report
Form 4
Lam Rachel
Director
Transactions
- Sale
Common Stock
2025-06-13$10.75/sh−25,000$268,778→ 202,991 total - Award
Common Stock
2025-06-11+13,135→ 227,991 total
Footnotes (3)
- [F1]Represents an annual grant of restricted stock units ("RSUs") for service on the Porch Group, Inc. (the "Company") board of directors under the Company's Non-Employee Director Compensation Policy. Each RSU represents a right to receive one share of Company common stock upon vesting. The shares underlying the RSUs will vest on the one-year anniversary of the grant date ("Annual Grant Vesting Date"), subject to the reporting person remaining a member of the Company's board of directors through the Annual Grant Vesting Date. The shares underlying the RSUs shall have resale restrictions pursuant to which two-thirds of the vested shares underlying the RSUs may not be sold after the Annual Grant Vesting Date. The resale restrictions expire in equal increments on the first and second anniversaries of the Annual Grant Vesting Date.
- [F2]Represents a sale pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person on March 14, 2025 (the "10b5-1 Plan"). The 10b5-1 Plan is scheduled to terminate on March 16, 2026, and covers the sale of up to an aggregate of 50,000 shares of the Issuer's common stock to help satisfy tax obligations upon the vesting of shares received for service on the Company's board of directors. Trading under the 10b5-1 Plan did not commence until at least 90 days following the date on which the plan was entered.
- [F3]The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.52 to $11.05 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.
Documents
Issuer
Porch Group, Inc.
CIK 0001784535
Entity typeother
Related Parties
1- filerCIK 0001579232
Filing Metadata
- Form type
- 4
- Filed
- Jun 12, 8:00 PM ET
- Accepted
- Jun 13, 5:55 PM ET
- Size
- 8.0 KB