---
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"
generated_at: "2026-06-11T13:26:07.838249+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Porch Group subsidiary buys 2.1M shares from Reciprocal for $15M to boost statutory surplus

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001784535-26-000033
- JSON: https://secwatch.observer/filing/0001784535-26-000033.json
- Plain text: https://secwatch.observer/filing/0001784535-26-000033.txt

## Key facts
- Equity Issuances
  Porch Group, Inc. issued 2,092,050 shares of common stock to Porticus Reinsurance Ltd. for aggregate purchase price of $14,999,998.50.
  - Security: common stock
  - Shares: 2,092,050 shares
  - Purchaser: Porticus Reinsurance Ltd.
  - Consideration: aggregate purchase price of $14,999,998.50
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1784535/000178453526000033/0001784535-26-000033-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Porch Reciprocal Exchange
  - Value: 2,092,050 shares for $14,999,998.50
  - Effective: 2026-06-10
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1784535/000178453526000033/0001784535-26-000033-index.htm

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