Porch Group, Inc. - Matt Ehrlichman Increases Stake
This filing details an amendment to a Schedule 13D related to Porch Group, Inc. (ticker: PRCH). Matt Ehrlichman has increased his beneficial ownership to approximately 22.7% of the company's outstanding common stock, totaling 25,519,591 shares. This increase is attributed to various factors including directly held shares, exercisable options, restricted stock units (RSUs), and performance-based restricted stock units (PRSUs). The filing also outlines the performance conditions for certain PRSUs, which are tied to total shareholder return, Adjusted EBITDA, and revenue targets over specific performance periods. Mr. Ehrlichman has no current plans for further acquisition or disposition of securities, nor any plans for extraordinary corporate actions, changes in management, or material changes to the company's capitalization or business structure, beyond the standard sell-to-cover method for tax withholding obligations related to equity awards.