Matt Ehrlichman Decreases Stake in Porch Group, Inc. to 21.0% via Tax-Related Sales

On May 27, 2026, Matt Ehrlichman filed Amendment No. 11 to his Schedule 13D regarding his holdings in Porch Group, Inc. (PRCH). The filing reports a decrease in beneficial ownership to 24,280,995 shares, representing approximately 21.0% of the company, down from a previous 21.8%. This reduction was primarily driven by a series of "sell-to-cover" transactions on the Nasdaq between May 1 and May 20, 2026, totaling 716,831 shares. These sales were executed by the issuer to satisfy tax withholding obligations related to the settlement of equity awards, with Mr. Ehrlichman exercising no discretion over the trades. The total beneficial ownership includes 15,121,348 shares held directly, 6,416,712 shares held via West Equities, LLC, and 1,892,203 exercisable options. The filing also notes that 850,732 RSUs and 3,114,417 performance-based RSUs are excluded from the current beneficial ownership calculation as they do not vest within 60 days or meet performance conditions. Mr. Ehrlichman maintains sole voting and investment power over the reported shares.