Form 4 for PRCH Porch Group, Inc.
Accepted 2024-01-03 00:00:00 ET · period of report 2024-01-01 · accession 0001784535-24-000003 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2024-01-03 | 2024-01-01 | PRCH | Neagle Matthew | COO | F - Tax | $3.08 | -5,228 | 1.28M | -0.4% | -$16.1K |
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 | 2024-01-01 | F | D | 2,068 | $3.08 | 1,281,075 | D | — | — | (F1) These shares represent shares withheld on the quarterly vesting of the Reporting Person's November 16, 2021 RSU grant. The RSUs will continue to vest ratably on a quarterly basis over 30 months, with the vesting period commencing on October 1, 2021. (F2) Reflects the forfeiture of 22,057 restricted shares of common stock ("Earnout Shares") previously issued pursuant to 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. The Earnout Shares were automatically forfeited on December 23, 2023 pursuant to the terms of the Merger Agreement because certain vesting conditions were not satisfied. |
| 2 | Common | Common Stock | 2024-01-01 | F | D | 3,160 | $3.08 | 1,277,915 | D | — | — | (F3) These shares represent shares withheld on the quarterly vesting of the Reporting Person's November 16, 2021 RSU grant. The RSUs will continue to vest ratably on a quarterly basis over 36 months, with the vesting period commencing on October 1, 2021 |