{"schema_version":"secwatch.filing_event.v1","accession":"0001784535-26-000033","form_type":"8-K","ticker":"PRCH","cik":"0001784535","company_name":"Porch Group, Inc.","filed_at":"2026-06-11T13:25:28+00:00","discovered_at":"2026-06-11T13:26:00.325664+00:00","generated_at":"2026-06-11T13:26:07.838249+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Porch Group subsidiary buys 2.1M shares from Reciprocal for $15M to boost statutory surplus","bullets":["Porticus Reinsurance purchased 2,092,050 Porch shares from the Reciprocal at $7.17/share ($15M total).","Statutory surplus at Reciprocal was ~$165M as of March 31, 2026, supporting over $800M in written premiums.","Reciprocal continues to hold ~16.2M Porch shares; transaction converts non-admitted assets to cash.","Required approvals received from Texas Department of Insurance and Cayman Islands Monetary Authority.","Transaction separate from open-market repurchases; Porticus permitted under 2028 convertible notes indenture."],"urls":{"canonical":"https://secwatch.observer/filing/0001784535-26-000033","json":"https://secwatch.observer/filing/0001784535-26-000033.json","markdown":"https://secwatch.observer/filing/0001784535-26-000033.md","text":"https://secwatch.observer/filing/0001784535-26-000033.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1784535/000178453526000033/0001784535-26-000033-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1784535/000178453526000033/prch-20260610.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T13:26:07.838249+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a6e7edcbb4486ffd02ea2d2aefaff8b38471ff03","claim":"Porch Group, Inc. issued 2,092,050 shares of common stock to Porticus Reinsurance Ltd. for aggregate purchase price of $14,999,998.50.","evidence_excerpt":"On the Effective Date, the Reciprocal sold Porticus 2,092,050 shares (the “Shares”) of the Company’s common stock for an aggregate purchase price of $14,999,998.50.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784535/000178453526000033/0001784535-26-000033-index.htm","confidence":0.9,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Shares","value":"2,092,050 shares"},{"label":"Purchaser","value":"Porticus Reinsurance Ltd."},{"label":"Consideration","value":"aggregate purchase price of $14,999,998.50"}],"fact_type":"equity_issuance"},{"claim_id":"8ec2cf0edac742441770097800bfe06c2f222412","claim":"Porch Group, Inc. entered into Securities Purchase Agreement with Porch Reciprocal Exchange valued at 2,092,050 shares for $14,999,998.50 (effective 2026-06-10).","evidence_excerpt":"On June 10, 2026 (the “Effective Date”), Porticus Reinsurance Ltd. (“Porticus”), a Cayman Islands captive reinsurance company and subsidiary of Porch Group, Inc. (the “Company” or “Porch”), entered into a Securities Purchase Agreement (the “SPA”) with the Porch Reciprocal Exchange, a Texas unincorporated reciprocal inter-insurance exchange (the “Reciprocal”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784535/000178453526000033/0001784535-26-000033-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Porch Reciprocal Exchange"},{"label":"Value","value":"2,092,050 shares for $14,999,998.50"},{"label":"Effective","value":"2026-06-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}