Sec Form 4 Filing - Sharma Asha @ Porch Group, Inc. - 2021-11-05

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Sharma Asha
2. Issuer Name and Ticker or Trading Symbol
Porch Group, Inc. [ PRCH]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
2200 1ST AVENUE SOUTH, SUITE 300
3. Date of Earliest Transaction (MM/DD/YY)
11/05/2021
(Street)
SEATTLE, WA98134
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/05/2021( 1 ) M( 2 ) 6,858 A $ 1.92 73,532 D
Common Stock 11/05/2021( 1 ) M( 2 ) 7,046 A $ 1.77 80,578 D
Common Stock 11/05/2021( 1 ) M( 2 ) 7,046 A $ 2.73 87,624 D
Common Stock 11/05/2021( 1 ) M( 2 ) 16,829 A $ 1.92 104,453 D
Common Stock 11/05/2021( 1 ) M( 2 ) 18,018 A $ 3.18 122,471 D
Common Stock 11/05/2021( 1 ) M( 2 ) 47,563 A $ 1.92 170,034 D
Common Stock 11/05/2021( 1 ) S( 2 ) 103,360 D $ 22.58 ( 3 ) 66,674 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $ 1.92 ( 1 ) 11/05/2021 M( 2 ) 6,858 ( 4 ) 08/18/2027 Common Stock 6,858 $ 0 0 D
Stock Option $ 1.77 ( 1 ) 11/05/2021 M( 2 ) 7,046 ( 5 ) 09/19/2029 Common Stock 7,046 $ 0 0 D
Stock Option $ 2.73 ( 1 ) 11/05/2021 M( 2 ) 7,046 ( 6 ) 08/23/2028 Common Stock 7,046 $ 0 0 D
Stock Option $ 1.92 ( 1 ) 11/05/2021 M( 2 ) 16,829 ( 7 ) 03/22/2026 Common Stock 16,829 $ 0 49,720 D
Stock Option $ 3.18 ( 1 ) 11/05/2021 M( 2 ) 18,018 ( 8 ) 09/10/2025 Common Stock 18,018 $ 0 27,000 D
Stock Option $ 1.92 ( 1 ) 11/05/2021 M( 2 ) 47,563 ( 9 ) 05/14/2027 Common Stock 47,563 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Sharma Asha
2200 1ST AVENUE SOUTH, SUITE 300
SEATTLE, WA98134
X
Signatures
/s/ Matthew Cullen, as Attorney-in-fact 11/09/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This transaction represents the cashless exercise of stock options.
( 2 )The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on April 6, 2021.
( 3 )The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.22 to $23.09 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price w ithin the range set forth in this footnote.
( 4 )This option vested in 12 successive, equal monthly installments and was fully vested on August 12, 2018.
( 5 )This option vested in four successive, equal quarterly installments and was fully vested on August 12, 2020.
( 6 )This option vested in four successive, equal quarterly installments and was fully vested on August 24, 2019.
( 7 )25% of the shares subject to the option vested on February 17, 2017 and the remainder vested in 36 equal monthly installments thereafter until August 11, 2017.
( 8 )20% of the shares subject to the option vested on September 11, 2016 and the remainder vested in 48 equal monthly installments thereafter until August 11, 2017.
( 9 )This option vested 100% on March 31, 2017.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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