Porch Group CFO Shawn Tabak sells $630,738 in stock
Chief Financial Officer of Porch Group, Shawn Tabak, sold 30,000 shares of the company's common stock on October 29, 2026, amounting to $630,738. The shares were sold at prices between $21.00 and $21.14 each, as the stock was trading close to its 52-week high of $21.30 following a staggering 113% rise over the past six months. This stock sale was executed under a Rule 10b5-1 trading plan established by Tabak on November 19, 2025, which is set to end on March 31, 2027, and allows for the sale of up to 140,000 shares.
The current transaction was primarily for tax planning and to fulfill tax responsibilities. Trading under this plan began at least 90 days after its initiation, and the remaining shares under the plan have a limit price above the latest Nasdaq closing price. As a result of this sale, Mr. Tabak now directly holds 176,059 shares of Porch Group common stock.
According to InvestingPro, the stock may be overvalued at its current level. Investors can consult a ProResearch Report for PRCH and 1,400+ other US equities.
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