Porch Group, Inc. Files 8-K on Executive Changes and Financials

Ticker: PRCH · Form: 8-K · Filed: 2025-04-08T00:00:00.000Z

Sentiment: neutral

Topics: executive-changes, financials, board-composition

Related Tickers: PRCH

TL;DR

Porch Group (PRCH) filed an 8-K detailing executive changes and financials.

AI Summary

Porch Group, Inc. filed an 8-K on April 8, 2025, reporting on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements. The filing also includes financial statements and exhibits. The company, formerly known as PropTech Acquisition Corp, is based in Seattle, Washington.

Why It Matters

This filing provides updates on the company's leadership and financial reporting, which are crucial for investors to assess the company's stability and future direction.

Risk Assessment

Risk Level: medium — Filings related to executive changes and financial statements can indicate significant internal shifts or performance issues that may impact the company's stock.

Key Players & Entities

FAQ

What specific executive positions were affected by the changes reported in this 8-K?

The filing indicates changes related to 'Departure of Directors or Certain Officers' and 'Appointment of Certain Officers', but specific names and positions are not detailed in the provided excerpt.

What is the primary reason for this 8-K filing?

The 8-K is filed to report on the departure/election/appointment of directors and officers, as well as compensatory arrangements, and to include financial statements and exhibits.

When was Porch Group, Inc. formerly known as?

Porch Group, Inc. was formerly known as PropTech Acquisition Corp.

What is the business address of Porch Group, Inc.?

The business address is 411 1st Avenue S., Suite 501, Seattle, Washington 98104.

What is the SEC file number for Porch Group, Inc.?

The SEC file number for Porch Group, Inc. is 001-39142.

From the Filing

0001784535-25-000027.txt : 20250408 0001784535-25-000027.hdr.sgml : 20250408 20250408172058 ACCESSION NUMBER: 0001784535-25-000027 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250404 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20250408 DATE AS OF CHANGE: 20250408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Porch Group, Inc. CENTRAL INDEX KEY: 0001784535 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology EIN: 832587663 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39142 FILM NUMBER: 25823001 BUSINESS ADDRESS: STREET 1: 411 1ST AVENUE S., SUITE 501 CITY: SEATTLE STATE: WA ZIP: 98104 BUSINESS PHONE: (855) 767-2400 MAIL ADDRESS: STREET 1: 411 1ST AVENUE S., SUITE 501 CITY: SEATTLE STATE: WA ZIP: 98104 FORMER COMPANY: FORMER CONFORMED NAME: PropTech Acquisition Corp DATE OF NAME CHANGE: 20190805 8-K 1 prch-20250404.htm 8-K prch-20250404 false 0001784535 0001784535 2025-04-04 2025-04-04 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 4, 2025 PORCH GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 001-39142 83-2587663 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 411 1st Avenue S. , Suite 501 Seattle , Washington 98104 (Address of principal executive offices) (Zip Code) ( 855 ) 767-2400 (Registrant’s telephone number, including area code) (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.0001 PRCH The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company o If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers 2025 Long-Term Incentive Program On April 4, 2025, the Compensation Committee (the “Compensation Committee”) of the Board of Directors of Porch Group, Inc. (the “Company”) approved the 2025 long-term incentive program for the Company’s executive officers (Matthew Ehrlichman, Chief Executive Officer; Shawn Tabak, Chief Financial Officer; and Matthew Neagle, Chief Operating Officer). For the 2025 long-term incentive program, 75% of the grant value was issued in performance-based restricted stock units at target (“PRSUs”) and 25% of the grant value was issued in restricted stock units (&#822

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