Neagle Matthew

Neagle Matthew, chief operating officer of Porch Group (PRCH), has been a consistent seller of company stock over the past year, with SEC Form 4 filings showing 36 total transactions concentrated entirely in that single ticker. The pattern is unambiguous: zero open-market purchases, zero acquisitions, and roughly $8.97 million in total sales value, all executed through open-market sell orders. The selling has accelerated recently, with 17 sell transactions logged between April 2 and May 20, 2026, ranging from modest $58,931 disposals to a $669,910 sale on May 12. The most active stretch came in mid-May, when Neagle offloaded more than $2.5 million in PRCH shares across four separate filings within eight trading days. The transaction stream is punctuated by non-discretionary events that clarify the context. On April 7, 2026, Neagle received two zero-value grants (code A) and simultaneously sold three small blocks totaling roughly $207,000 — a pattern consistent with vesting-related liquidity rather than a directional bet. Similarly, a March 19 option exercise (code M) and grant were followed by no immediate sale, while October 2025 saw roughly $667,000 in shares withheld to cover tax obligations (code F), an automatic process tied to equity compensation. The overwhelming majority of dollar volume, however, comes from deliberate open-market sells: 17 S-coded transactions since April 2 alone account for approximately $7.5 million, with no corresponding buys in the filing history. What the data shows is a senior executive steadily monetizing equity in a single company, with selling intensity increasing through the spring of 2026. The absence of any purchase activity — even small "conviction" buys — combined with the frequency and size of recent sales points to a sustained distribution phase. Whether this reflects portfolio diversification, tax planning, or something else is not discernible from the filings themselves, but the directional bias is clear: Neagle has been a net seller of PRCH stock in every reporting period examined, with no countervailing accumulation.