[144] Porch Group, Inc. SEC Filing
Form 144 filed for Porch Group, Inc. (PRCH) reports a proposed sale of 25,000 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $329,000.00, approximate sale date 08/06/2025, and listing on NASDAQ.
The shares were acquired as Restricted Stock Units on 06/08/2023 (25,000). The filing also discloses a prior 10b5-1 sale of 25,000 shares on 06/13/2025 for gross proceeds of $268,777.50. Total shares outstanding are reported as 122,581,095. Several filer/contact and signature/date fields are not provided in the content.
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Insights
TL;DR: Form 144 shows a planned sale of 25,000 PRCH shares; the size is about 0.02% of outstanding shares, implying limited market impact.
The filing discloses a proposed sale of 25,000 common shares with an aggregate market value of $329,000.00 via Morgan Stanley Smith Barney LLC on 08/06/2025. The securities were acquired as Restricted Stock Units on 06/08/2023. A prior 10b5-1 sale of 25,000 shares on 06/13/2025 generated gross proceeds of $268,777.50. These facts suggest a routine, disclosed insider liquidity event rather than a material corporate development.
TL;DR: Sale is reported under Rule 144 with 10b5-1 activity; filing includes the standard representation about no undisclosed material information.
The Form 144 includes the required representation that the seller does not possess undisclosed material adverse information and references reliance on Rule 10b5-1 for prior sales. The notice lists acquisition details (RSUs dated 06/08/2023) and prior executed 10b5-1 sale (06/13/2025). Several administrative fields (filer CIK/contact, signature/date) are not populated in the provided content.