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.
Porch Group IncCEO sold 120,368 shares for $1.2M in a tax-related transaction, which may signal insider selling pressure.