• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Amendment: Porch Group Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

    6/27/25 5:17:40 PM ET
    $PRCH
    Computer Software: Prepackaged Software
    Technology
    Get the next $PRCH alert in real time by email
    prch-20250404
    false000178453500017845352025-04-042025-04-04


    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549
    FORM 8-K/A
    (Amendment No. 1)
    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)
    Delaware001-3914284-2587663
    (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:
    oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
    oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
    oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
    oPre-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 $0.0001PRCHThe 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



    Explanatory Note

    This Amendment (defined below) corrects downward the number of performance-based restricted stock units at target (“PRSUs”) and restricted stock units (“RSUs”) issued by Porch Group, Inc. (the “Company”) on April 4, 2025 (the “Original Grant Date”), which results in a reduction of equity awards issued under the 2025 long-term incentive program to each named executive officer of the Company. Subsequent to the Original Grant Date, the Company identified an inadvertent calculation error related to the 60-trading day volume-weighted average price (“VWAP”) of a share of common stock of the Company ending on March 31, 2025, which was used to calculate the number of PRSUs and RSUs issued on the Original Grant Date. On June 25, 2025 (the “Grant Date”), the Compensation Committee (the “Compensation Committee”) of the Board of Directors of the Company approved the cancellation of the equity awards issued to the named executive officers on the Original Grant Date and the issuance of new equity awards reflecting the corrected VWAP, as described below. This correction has no impact on previously published Company financial statements.
    This Amendment solely relates to the equity awards issued to each named executive officer for the 2025 long-term incentive program. There are no changes to any other prior equity awards issued by the Company, including the equity awards issued in 2024 as described in the proxy statement for the Company’s completed 2025 annual meeting of stockholders that related to the recent Say-on-Pay proposal.
    This Amendment No. 1 on Form 8-K/A (this “Amendment”) amends the Current Report on Form 8-K filed by the Company with the Securities and Exchange Commission on April 8, 2025 (the “Original Filing”) to correct the inadvertent calculation error. This Amendment continues to speak as of the date of the Original Filing and should be read in conjunction with such filing. Except as amended herein, the Original Filing (including exhibits filed therewith) remains accurate and in full effect and is incorporated herein by reference.

    Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

    On the Grant Date, the Compensation Committee approved the new equity awards issued under the 2025 long-term incentive program to each named executive officer of the Company (Matthew Ehrlichman, Chief Executive Officer; Shawn Tabak, Chief Financial Officer; and Matthew Neagle, Chief Operating Officer) as follows:
    •Mr. Ehrlichman, a revised grant of 873,335 PRSUs and 291,112 RSUs, reflecting a reduction of 156,681 PRSUs and 52,227 RSUs, respectively.
    •Mr. Tabak, a revised grant of 125,660 PRSUs and 41,887 RSUs, reflecting a reduction of 22,544 PRSUs and 7,514 RSUs, respectively.
    •Mr. Neagle, a revised grant of 389,545 PRSUs and 129,848 RSUs, reflecting a reduction of 69,887 PRSUs and 23,296 RSUs, respectively.
    Except for the Grant Date and the number of PRSUs and RSUs granted to Messrs. Ehrlichman, Tabak and Neagle, all other terms of the foregoing equity awards remain as disclosed in the Original Filing.


    Item 9.01. Financial Statements and Exhibits.
    (d)Exhibits.
    Exhibit
    No.
    Description
    104Cover Page Interactive Data File (embedded within the Inline XBRL document)





    SIGNATURES
    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
    PORCH GROUP, INC.
    By:
    Name:Matthew Cullen
    Title:General Counsel and Secretary
    Date: June 27, 2025

    Get the next $PRCH alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $PRCH

    DatePrice TargetRatingAnalyst
    7/1/2025$15.00Buy
    B. Riley Securities
    2/26/2025$6.00Hold → Buy
    Loop Capital
    12/9/2024$6.00Hold
    Loop Capital
    3/15/2023$4.00 → $2.00Buy → Hold
    Loop Capital
    11/9/2022Overweight → Neutral
    JP Morgan
    8/10/2022$10.00 → $8.00Overweight
    Cantor Fitzgerald
    7/25/2022$5.25 → $3.25Outperform → Mkt Perform
    Keefe Bruyette
    5/25/2022$11.50Buy
    Compass Point
    More analyst ratings

    $PRCH
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • B. Riley Securities initiated coverage on Porch Group with a new price target

      B. Riley Securities initiated coverage of Porch Group with a rating of Buy and set a new price target of $15.00

      7/1/25 8:21:48 AM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology
    • Porch Group upgraded by Loop Capital with a new price target

      Loop Capital upgraded Porch Group from Hold to Buy and set a new price target of $6.00

      2/26/25 7:15:42 AM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology
    • Loop Capital resumed coverage on Porch Group with a new price target

      Loop Capital resumed coverage of Porch Group with a rating of Hold and set a new price target of $6.00

      12/9/24 8:43:17 AM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology

    $PRCH
    Press Releases

    Fastest customizable press release news feed in the world

    See more

    $PRCH
    SEC Filings

    See more

    $PRCH
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more

    $PRCH
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Porch Group Releases Three New Home Factors Geared Towards Improving Property Risk Segmentation in Home Insurance

      Porch Group ("Porch") announced today the launch of three new interior Home Factors related to signs of water intrusion in the home. These enhancements aim to improve risk segmentation and underwriting precision. The company plans to have over 100 such attributes available by the end of 2025. These insights enable insurers to gain a comprehensive understanding of 90% of properties across the United States. Home Factors is Porch's next-generation property intelligence platform of unique data on both interior and exterior home conditions. Leveraging advanced AI-driven models, the platform transforms this data into actionable insights, empowering insurers to make more informed decisions, ref

      7/2/25 9:00:00 AM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology
    • Porch Group Announces a Renewed Partnership with Goosehead Insurance

      Porch Group, Inc. ("Porch" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, announced today a renewed partnership with Goosehead Insurance ("Goosehead") (NASDAQ:GSHD). Scaling Porch Reciprocal Exchange insurance premiums in a profitable manner is a key strategic priority for Porch. The renewed partnership with Goosehead represents a tangible step forward in the Company's efforts to re-activate agency partnerships and further extend its distribution channels. "After a couple of years of managing premiums to roughly flat, the launch of the Porch Reciprocal Exchange at the start of 2025 marks the time where we have moved back to offense. Now as a high margin, co

      6/18/25 9:00:00 AM ET
      $GSHD
      $PRCH
      Specialty Insurers
      Finance
      Computer Software: Prepackaged Software
      Technology
    • Matic Launches Strategic Partnership With Floify, Bringing Insurance Into the Digital Loan Experience

      Columbus, Ohio, June 11, 2025 (GLOBE NEWSWIRE) -- Matic, a leading digital insurtech platform, today announced a new partnership with Floify, a top mortgage automation platform, to embed home insurance into the digital loan experience for Floify's network of lenders and brokers. The integration marks a significant step forward in streamlining insurance within mortgage technology, allowing lenders and brokers to present insurance options inside the same systems they already use. Floify's digital platform is designed to simplify mortgage workflows through cutting-edge automation. With Matic, borrowers can now shop for and purchase home insurance directly within the loan process. Lenders an

      6/11/25 11:00:00 AM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology
    • Amendment: Porch Group Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

      8-K/A - Porch Group, Inc. (0001784535) (Filer)

      6/27/25 5:17:40 PM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology
    • Porch Group Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits

      8-K - Porch Group, Inc. (0001784535) (Filer)

      6/16/25 4:54:44 PM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology
    • SEC Form 144 filed by Porch Group Inc.

      144 - Porch Group, Inc. (0001784535) (Subject)

      6/13/25 4:48:14 PM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology
    • Chief Operating Officer Neagle Matthew was granted 129,848 shares, increasing direct ownership by 14% to 1,054,784 units (SEC Form 4)

      4 - Porch Group, Inc. (0001784535) (Issuer)

      6/27/25 5:32:07 PM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology
    • CHIEF FINANCIAL OFFICER Tabak Shawn was granted 41,887 shares, increasing direct ownership by 34% to 165,157 units (SEC Form 4)

      4 - Porch Group, Inc. (0001784535) (Issuer)

      6/27/25 5:28:39 PM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology
    • CEO, CHAIRMAN AND FOUNDER Ehrlichman Matt was granted 291,112 shares, increasing direct ownership by 2% to 13,779,348 units (SEC Form 4)

      4 - Porch Group, Inc. (0001784535) (Issuer)

      6/27/25 5:26:58 PM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology
    • Velasquez Camilla bought $4,999 worth of shares (1,976 units at $2.53), increasing direct ownership by 5% to 45,225 units (SEC Form 4) (Amendment)

      4/A - Porch Group, Inc. (0001784535) (Issuer)

      2/9/24 4:08:06 PM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology
    • Velasquez Camilla bought $4,982 worth of shares (1,969 units at $2.53), increasing direct ownership by 5% to 45,218 units (SEC Form 4)

      4 - Porch Group, Inc. (0001784535) (Issuer)

      12/19/23 5:06:27 PM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology
    • Lam Rachel bought $10,132 worth of shares (10,000 units at $1.01), increasing direct ownership by 8% to 133,775 units (SEC Form 4)

      4 - Porch Group, Inc. (0001784535) (Issuer)

      11/14/23 8:38:50 PM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology

    $PRCH
    Financials

    Live finance-specific insights

    See more
    • Porch Group Announces HOA is a Top Ranked Performer in AM Best Report

      Porch Group, Inc. ("Porch" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today announced the continued outstanding performance of Homeowners of America Insurance Company ("HOA"), per the AM Best Market Share Report1, as well as continued exceptional loss ratio performance at HOA and the Porch Reciprocal Exchange in Q1 2025. In 2024, the final year of Porch's ownership of HOA, the carrier was ranked number 1 in Texas for Direct Combined Ratio2 performance among homeowners insurance carrier peers. Additionally, HOA ranked third nationally, its best ever performance. Porch's underwriting strength reflects Porch's unique data advantage including insights into 90

      5/19/25 9:00:00 AM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology
    • Porch Group Reports First Quarter 2025 Results

      Exceeds Expectations and Increases Guidance Driven by Insurance Services Porch Group, Inc. ("Porch Group" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today reported first quarter results through March 31, 2025, that exceeded expectations and correspondingly raised 2025 guidance. Porch generated for shareholders1 first quarter 2025 revenue of $84.5 million. Net income attributable to Porch was $8.4 million, and Adjusted EBITDA was $16.9 million, an increase of $33.6 million compared to prior year2. On January 2, 2025, the Porch Reciprocal Exchange ("Reciprocal") was formed as an insurance entity owned by its policyholder-members and not by Porch. Simultane

      5/6/25 4:02:00 PM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology
    • Porch Group to Release First Quarter 2025 Earnings on May 6, 2025

      Porch Group, Inc. ("Porch Group," "Porch" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today announced it will report financial results for the first quarter ended March 31, 2025, after markets close on Tuesday, May 6, 2025. Q1'25 Earnings Conference Call Porch management will host a live webinar to discuss the financial results and business followed by Q&A on Tuesday, May 6, 2025, at 5:00 p.m. Eastern (2:00 p.m. Pacific). A presentation to accompany the discussion will be posted on the company website, along with a press release and other supplemental financial information. All are invited to listen to the event by registering for the webinar here. A webi

      4/23/25 1:00:00 PM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology

    $PRCH
    Leadership Updates

    Live Leadership Updates

    See more
    • Porch Group Appoints John Campbell as Vice President of Investor Relations

      Porch Group, Inc. ("Porch" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today announced the appointment of John Campbell as VP of Investor Relations, effective June 9, 2025. John will report to Shawn Tabak, Chief Financial Officer, and will be responsible for leading Porch's engagement with investors and analysts, providing insights into Porch's financial performance and strategic direction. John brings 14 years of sell-side experience. Prior to joining Porch, John served as Managing Director at Stephens Inc where he led coverage of real estate-related stocks. "We are thrilled to welcome John to Porch," said Shawn Tabak, Chief Financial Officer. "His ex

      6/11/25 9:00:00 AM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology
    • Porch Group Announces New Insurance Agency Partnerships

      Porch Group, Inc. ("Porch" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today announced significant continued expansion with its insurance agency distribution channel, including new partnerships with Roamly Insurance Group ("Roamly"), Evertree Insurance Services, LLC ("Evertree") and MassDrive Insurance Group, LLC ("MassDrive"). One of Porch's strategic priorities is to scale insurance premiums, having restarted this growth engine at the end of 2024. To further distribution, Porch is expanding the Porch Reciprocal Exchange's ("the Reciprocal") relationships with third party insurance agencies. The Reciprocal looks to differentiate itself to insurance agenci

      6/4/25 9:00:00 AM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology
    • Porch Group Announces Retirement of Majority of 2026 Unsecured Convertible Notes

      Reduces 2026 Debt Maturity to $29 Million Porch Group, Inc. ("Porch Group," "Porch" or "the Company") (NASDAQ:PRCH), a new kind of homeowners insurance company, today announced a delevering transaction with the privately negotiated repurchase of $144.3 million aggregate principal amount of its 0.75% Convertible Senior Notes due 2026 (the "2026 Notes") and the concurrent pricing of a private offering of $134.0 million aggregate principal amount of newly issued 9.00% Convertible Senior Unsecured Notes due 2030 of the Company (the "2030 Notes"). These refinancing transactions (the "Refinancing Transactions") are expected to close on May 27, 2025, subject to customary closing conditions. The

      5/19/25 6:27:00 PM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology

    $PRCH
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Porch Group Inc.

      SC 13G/A - Porch Group, Inc. (0001784535) (Subject)

      11/14/24 4:17:30 PM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology
    • SEC Form SC 13G/A filed by Porch Group Inc. (Amendment)

      SC 13G/A - Porch Group, Inc. (0001784535) (Subject)

      2/14/24 11:24:46 AM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology
    • SEC Form SC 13G/A filed by Porch Group Inc. (Amendment)

      SC 13G/A - Porch Group, Inc. (0001784535) (Subject)

      2/14/24 9:00:09 AM ET
      $PRCH
      Computer Software: Prepackaged Software
      Technology