Form 4 for PRCH Porch Group, Inc.
Accepted 2022-02-14 00:00:00 ET · period of report 2022-02-10 · accession 0001104659-22-023398 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-02-14 | 2022-02-10 | PRCH | Ehrlichman Matt | CEO, COB, Founder, Dir, 10% | F - Tax | $9.30 | -18.3K | 9.18M | -0.2% | -$169.8K |
| DM | 2022-02-14 | 2022-02-10 | PRCH | Ehrlichman Matt | CEO, COB, Founder, Dir, 10% | A - Grant | $0.00 | +840.1K | 8.51M | +11% | $0 |
| D | 2022-02-14 | 2022-02-10 | PRCH | Ehrlichman Matt | CEO, COB, Founder, Dir, 10% | A - Grant | $0.00 | +883.7K | 883.7K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-02-10 | F | D | 18,263 | $9.30 | 9,183,133 | D | — | — | |
| 2 | Common | Common Stock | 2022-02-10 | A | A | 695,249 | $0.00 | 9,201,396 | D | — | — | (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. |
| 3 | Common | Common Stock | 2022-02-10 | A | A | 144,844 | $0.00 | 8,506,147 | D | — | — | (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. |
| 4 | Derivative | Performance-based Restricted Stock Units | 2022-02-10 | A | A | 883,740 | $0.00 | 883,740 | D | — · — to 2025-02-10 | 883,740 Common Stock | (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. |