Form 4 for PRCH Porch Group, Inc.
Accepted 2023-12-05 00:00:00 ET · period of report 2023-12-01 · accession 0001784535-23-000054 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023-12-05 | 2023-12-01 | PRCH | Tabak Shawn | CFO | F - Tax | $1.68 | -50.3K | 136.5K | -27% | -$84.5K | |
| 2023-12-05 | 2023-12-01 | PRCH | Tabak Shawn | CFO | A - Grant | $0.00 | +230.9K | 367.3K | +169% | $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 | 2023-12-01 | F | D | 50,282 | $1.68 | 136,451 | D | — | — | (F1) Represents shares withheld to satisfy tax withholding obligations upon vesting of the Reporting Person's December 1, 2022 restricted stock unit ("RSU") grant, previously made pursuant to the Reporting Person's RSU on hire award (the "RSU On Hire Award"). The RSU On Hire Award has an aggregate value of $900,000 to be granted in four (4) equal installments annually under the Issuer's 2020 Stock Incentive Plan. (F2) Includes 41,328 RSUs previously granted to the Reporting Person and previously disclosed on Form 4 dated April 7, 2023. 25% of these RSUs shall vest on April 5, 2024, then 1/6th of the remaining RSUs shall vest every 6 months for the next 36 months, subject to the Reporting Person's employment or service with the Issuer as contemplated in the RSU Award Agreement. |
| 2 | Common | Common Stock | 2023-12-01 | A | A | 230,860 | $0.00 | 367,311 | D | — | — | (F3) Represents the second annual grant of 25% of the RSU On Hire Award. Each RSU represents a right to receive one share of the Issuer's common stock upon the vesting in equal installments every six months from the date of grant. (F2) Includes 41,328 RSUs previously granted to the Reporting Person and previously disclosed on Form 4 dated April 7, 2023. 25% of these RSUs shall vest on April 5, 2024, then 1/6th of the remaining RSUs shall vest every 6 months for the next 36 months, subject to the Reporting Person's employment or service with the Issuer as contemplated in the RSU Award Agreement. |