Porch Group Inc

Porch Group, Inc. develops and sells software and data solutions, manages insurance services, and provides consumer services related to homeownership in the United States. It operates through four segments: Insurance Services, Software & Data, Consumer Services, and the Reciprocal Segment. The Insurance Services segment manages and operates Porch Reciprocal Exchange, offering underwriting, policy renewal, risk management, portfolio management, financial oversight, and investment guideline setting. The Software & Data segment provides subscription and transactional software for inspection, mortgage, title, and roofing companies, as well as data products for insurance and other companies, including home inspection software, title and mortgage software, home factors property insights, and mover marketing products; measurement software for roofers; and move and post-move services. The Consumer Services segment offers warranty products under Porch Warranty and other brands, and moving-related services such as moving labor, TV/Internet, and security setup. The Reciprocal Segment, managed but not owned by Porch, includes Homeowners of America and Porch Reciprocal Exchange, which provides consumers with insurance to protect their homes through premiums collected on policies. The company was founded in 2011 and is headquartered in Seattle, Washington.

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Porch Group CEO Matt Ehrlichman sells 120,368 shares for $1.2 million in tax-related transaction

Porch Group CEO Matt Ehrlichman sold 120,368 shares of common stock in an open-market transaction valued at approximately $1.2 million, according to a SEC Form 4 filing. The sale was required by the company under a sell-to-cover method to satisfy tax withholding obligations tied to the vesting of performance-based restricted stock unit awards on April 7, 2026, and was executed without any discretion by Ehrlichman. The weighted average sale price was $9.78 per share, slightly above the May 20, 2026 market close of $9.74. Following the transaction, Ehrlichman's direct holdings stand at 15,972,080 shares, while his indirect holdings via West Equities, LLC remain unchanged at 6,416,712 shares. The company had previously disclosed its intent to settle vested shares for these awards in multiple transactions over approximately 45 days to reduce market impact.

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