Matthew Neagle, the Chief Operating Officer of Porch Group, Inc., has reported the sale of 31,250 shares of the company's common stock. This transaction took place on October 20, 2026, and was executed under a Rule 10b5-1 trading plan.
The sale is significant as it reflects Neagle's ongoing stock transactions as part of a broader strategy that allows executives to sell shares without the appearance of insider trading. Following this sale, Neagle retains ownership of 1,793,006 shares of Porch Group.
Porch Group, Inc. operates in the accident and health insurance sector, a field characterized by regular executive stock transactions. The company was previously known as PropTech Acquisition Corp before its name change in August 2019.
The filing indicates that the shares were sold at a weighted average price of $18.0149, with individual transactions occurring at prices ranging from $18.00 to $18.10 per share. Neagle's sale is part of a trading plan that is scheduled to terminate on June 15, 2027, which covers the sale of up to 500,000 shares.
Details were not available in the SEC filing regarding any upcoming transactions or further plans related to Neagle's stock holdings.
Further Details on the Trading Plan
Matthew Neagle's Rule 10b5-1 trading plan was established on June 15, 2026, and is set to expire on June 15, 2027. This plan allows for the systematic sale of shares, which is designed to avoid any potential conflicts with insider trading regulations. It is noteworthy that trading under this plan could not commence until at least 90 days after its initiation.
Company Information
Porch Group, Inc., which operates in the accident and health insurance sector, is officially listed under the trading symbol 'PRCH'. The company's Central Index Key (CIK) is 0001784535, and it has a fiscal year ending on December 31.
Porch Group was formerly known as PropTech Acquisition Corp, a name change that took effect on August 5, 2019.
Contact Information
The business address for Porch Group, Inc. is also located at 411 1st Avenue S., Suite 501, Seattle, WA 98104, with a contact phone number of (855) 767-2400.