---
schema_version: "secwatch.filing_event.v1"
accession: "0001784535-24-000025"
form_type: "8-K"
ticker: "PRCH"
cik: "0001784535"
company_name: "Porch Group, Inc."
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:22:58.417425+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Porch Group settles Floify True-Up dispute; sellers pay $860k cash to terminate guarantee

## Summary
- Sellers of Floify agreed to terminate the True-Up Obligation (200% share value guarantee) in full.
- Sellers pay Porch approximately $860,000 in cash as part of the settlement agreement.
- Porch issued 550,000 shares at $17.93 per share in October 2021 for the Floify acquisition.
- Settlement resolves a post-closing dispute; Porch had the option to settle the obligation in cash or stock.
- Eliminates potential future payout liability for Porch; shares currently trade well below $17.93.

## SEC filing metadata
- accession: 0001784535-24-000025
- form_type: 8-K
- ticker: PRCH
- cik: 0001784535
- company_name: Porch Group, Inc.
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1784535/000178453524000025/0001784535-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1784535/000178453524000025/prch-20240327.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001784535-24-000025
- JSON: https://secwatch.observer/filing/0001784535-24-000025.json
- Plain text: https://secwatch.observer/filing/0001784535-24-000025.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.