Neagle Matthew sold PRCH
January 1, 2024 · Form 4 insider transaction
Neagle Matthew sold 2,068 shares of Porch Group, Inc. at $3.08 per share, a transaction worth $6.4K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
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.; 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.