Porch Group, Inc. — fact timeline

Porch Group, Inc. shareholders approved Approval of Porch Group, Inc. Employee Stock Purchase Plan at the 2026-06-10 meeting.

“4. The Porch Group, Inc. Employee Stock Purchase plan was approved and adopted by the Company's stockholders, with 99.8% of the votes cast in favor of the proposal as follows: FOR AGAINST ABSTAIN BROKER NON-VOTES 76,996,564 182,687 233,625 19,632,248”

Porch Group, Inc. shareholders approved Advisory Vote on Executive Compensation (Say-on-Pay) at the 2026-06-10 meeting.

“3. The compensation of the Company’s named executive officers was approved by the Company’s stockholders, on an advisory (non-binding) basis, with 93% of the votes cast in favor of the proposal as follows: FOR AGAINST ABSTAIN BROKER NON-VOTES 72,022,883 5,371,518 18,475 19,632,248”

Porch Group, Inc. shareholders approved Ratification of Appointment of Grant Thornton LLP as Independent Registered Public Accounting Firm for 2026 at the 2026-06-10 meeting.

“2. The appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2026 was ratified by the Company’s stockholders, with 99.9% of the votes cast in favor of the proposal as follows: FOR AGAINST ABSTAIN 96,734,263 31,110 279,751”

Porch Group, Inc. shareholders approved Election of Directors at the 2026-06-10 meeting.

“1. Each of the following persons was duly elected by the Company’s stockholders to serve as a director on the Board of Directors until the Company’s 2027 Annual Meeting of Stockholders and until their successor is duly elected and qualified, subject to their earlier resignation, removal, or termination of service, with 96.8% to 98.9% of the votes cast in favor of each person as follows: NOMINEE FOR WITHHOLD BROKER NON-VOTES Matthew Ehrlichman 75,913,504 1,499,372 19,632,248 Sean Kell 74,941,903 2,470,973 19,632,248 Rachel Lam 76,357,310 1,055,566 19,632,248 Alan Pickerill 76,466,402 946,474 19,632,248 Amanda Reierson 76,370,524 1,042,352 19,632,248 Maurice Tulloch 75,795,953 1,616,923 19,632,248 Camilla Velasquez 75,718,023 1,694,853 19,632,248 Regi Vengalil 76,545,061 867,815 19,632,248”

Porch Group, Inc. issued 2,092,050 shares of common stock to Porticus Reinsurance Ltd. for aggregate purchase price of $14,999,998.50.

“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.”

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).

“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”).”

Porch Group, Inc. reported first quarter ended March 31, 2026 results: revenue $109.4 million, net income $(4.7) million. Guidance raised.

“Porch generated for shareholders 1 first quarter 2026 revenue of $109.4 million. Net loss attributable to Porch was $(4.7) million, and Adjusted EBITDA was $19.7 million.”

Porch Group, Inc. incurred senior notes of $134.0 million with certain institutional investors and holders at 9.00% per annum maturing May 15, 2030.

“On May 27, 2025, the Company issued $134.0 million in aggregate principal amount of 2030 Notes to certain Investors in the Refinancing Transactions pursuant to the terms of the Exchange Agreements, the Indenture and the Global Note.”

Porch Group, Inc. completed a disposition involving Porch Insurance Reciprocal Exchange for approximately $105 million, less $58 million (closed 2025-01-01).

“all of the issued and outstanding shares of common stock of HOAIC to the Reciprocal for a purchase price equal to HOAIC’s estimated surplus at December 31, 2024 of approximately $105 million, less $58 million, which is the $49 million principal plus $9 million unpaid interest under a surplus note issued by HOAIC to the Company in 2023 (the “Purchase Price”). The SPA”

Porch Group, Inc. updated its first quarter ended March 31, 2024 guidance (raised).

“On May 8, 2024, Porch Group, Inc. (the “Company”) issued an earnings release announcing financial results for its first quarter ended March 31, 2024.”

Porch Group, Inc. reported fourth quarter ended December 31, 2023 results: revenue $114.6 million, net income GAAP net loss of $2.5 million.

“or “the Company”) (NASDAQ: PRCH), a homeowners insurance and vertical software platform, today reported fourth quarter results ended December 31, 2023, with total revenue of $114.6 million, which increased 79% compared to the prior year. GAAP net loss of $2.5 million, an improvement from $35.5 million GAAP net loss in the prior year and Adjusted EBI TDA of $11.7”

Porch Group, Inc. updated its the quarter ended December 31, 2023 guidance (reaffirmed).

“issued a press release announcing preliminary financial information for the quarter ended December 31, 2023”

Porch Group, Inc. entered into Business Collaboration Agreement with Aon Corp. and Aon Re, Inc. valued at $24.65 million (effective 2024-01-19).

“On, January 19, 2024, Porch Group, Inc., together with its subsidiary, Porch.com, Inc. (collectively, “ Porch ”), entered into a Business Collaboration Agreement (the “ Agreement ”) with Aon Corp. and Aon Re, Inc. (“ Aon Re ” and together with Aon Corp., “ Aon ”).”

Porch Group, Inc. reported the quarter ended September 30, 2023 results: revenue $129.6 million, net income $(5.7) million.

“software company reinventing the home services and insurance industries, today reported third quarter results for the Company as of September 30, 2023, with total revenue of $129.6 million, which increased 67% compared to the prior year, and Adjusted EBI TDA of $8.8 million, which increased $19.7 million compared to the prior year. GAAP net loss of $(5.7) million,”

Porch Group, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5810(c)(3)(A)).

“k was below $1.00 per share for the previous 30 consecutive trading days. The Bid Price Deficiency Notice has no immediate effect on the listing of the Company’s common stock, and the Company’s common stock continues to trade on Nasdaq under the symbol “PRCH.” In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days from the date of the Bid Price Deficiency Notice, or until March 25, 2024, to regain compliance with respect to the Bid Price Requirement. The Bid Price Deficiency Notice states that to regain compliance with the Bid Price Requirement, the closing bid”

Porch Group, Inc. dismissed Ernst & Young as its auditor.

“On October 2, 2023, the Company dismissed Ernst & Young (“EY”) as the independent registered public accounting firm for the Company and its subsidiaries, effective immediately.”

Porch Group, Inc. engaged Grant Thornton LLP as its auditor.

“On October 2, 2023, Porch Group, Inc. (the “Company”) appointed Grant Thornton LLP (“Grant Thornton”) as the independent registered public accounting firm for the Company and its subsidiaries for the fiscal year ending December 31, 2023, effective immediately.”

Porch Group, Inc. reported the quarter ended June 30, 2023 results: revenue $98.8 million, net income GAAP net loss of $87.0 million.

“as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. ​ --- EX-99.1 (EX-99.1) --- ​ Porch Group Reports Second Quarter 2023 Results ​ $99 Million Revenue, With Growth of 39% Year-Over-Year ​ Operating Results Impacted By Extreme Weather, Otherwise In Line with Management Expectations ​ ​ SEATTLE, August 8, 2023 – Porch”

Porch Group, Inc. reported preliminary financial results for Q2 2023.

“Porch Group announces catastrophic weather events impact for Q2 2023, and will release second quarter 2023 earnings on August 8, 2023”

Porch Group, Inc. reported the quarter ended March 31, 2023 results: revenue $87.4 million, net income $38.7 million.

“First Quarter 2023 Financial Results ● Total revenue of $87.4 million, an increase of 37% or $23.8 million (first quarter of 2022: $63.6 million). ● Revenue less cost of revenue of $36.1 million, or 41% of total revenue (first quarter 2022: $38.4 million, 60% of total revenue). As expected, reinsurance markets have hardened, which resulted in a reduction in Revenue less cost of revenue by approximately $15 million in the first quarter of 2023 compared to the same quarter prior year. ● GAAP net loss of $38.7 million, compared to $9.3 million for the first quarter of 2022, and was similarly impacted by the hardened reinsurance markets.”

Porch Group, Inc. incurred convertible notes of $333.334 million with The Investors at 6.75% per annum maturing October 1, 2028.

“On April 20, 2023, the Company issued $333.334 million in aggregate principal amount of 2028 Notes to the Investors in the 2028 Notes Offering pursuant to the terms of the Subscription Agreements, the Indenture and the Global Note.”

Porch Group, Inc. entered into Indenture with U.S. Bank Trust Company, National Association valued at $333.334 million (effective 2023-04-20).

“The Company issued the 2028 Notes under an indenture, dated as of April 20, 2023 (the “Indenture”), among the Company, certain subsidiaries of the Company, as Subsidiary Guarantors (as defined below), and U.S. Bank Trust Company, National Association (“U.S. Bank”), in its capacity as trustee and as collateral agent thereunder.”

Porch Group, Inc. entered into Subscription Agreements with certain institutional investors valued at $333,334,000 (effective 2023-04-17).

“Porch Group, Inc. (“Porch” or the “Company”) entered into convertible note subscription agreements (the “Subscription Agreements”), each dated April 17, 2023, with certain institutional investors (the “Investors”), pursuant to which the Company agreed to issue and sell, in a private placement (the “2028 Notes Offering”) expected to close on April 20, 2023 (the “Closing Date”), $333,334,000 in aggregate principal amount of a new series of 6.75% convertible senior secured notes due 2028 (the “2028 Notes”).”

Porch Group, Inc. reported quarter ended September 30, 2022 results: revenue $75.4 million, net income $86.4 million net loss.

“99.1 to this Current Report on Form 8-K and is incorporated herein by reference. ​ --- EX-99.1 (EX-99.1) --- ​ Porch Group Reports Third Quarter 2022 Results ​ - Reports $75.4 Million of Revenue, up 20% Year-Over-Year ​ - Announces Authorization of Up to $15 Million Repurchase Program ​ - Provides Updated 2022 Guidance; Reflecting Weather and Housing Market”

Marty Heimbigner changed role as Chief Financial Officer at Porch Group, Inc..

“Concurrently with Mr. Tabak’s appointment, Marty Heimbigner will step down from the position of Chief Financial Officer of the Company and will continue to serve the Company in a transition capacity, which is scheduled to continue through December 15, 2022 and subject to extension pursuant to that certain Second Amendment to Offer Letter Agreement, dated August 9, 2022.”

Shawn Tabak was appointed as Chief Financial Officer at Porch Group, Inc..

“On November 1, 2022, the Board of Directors of Porch Group, Inc. (the “Company”) approved the appointment of Shawn Tabak as the Chief Financial Officer of the Company, with such appointment to be effective upon the start of his employment, which is expected to commence on November 9, 2022.”

Camilla Velasquez was appointed as Director at Porch Group, Inc..

“the Board of Directors (the “Board”) of Porch Group, Inc. (the “Company”) approved the appointment of Amanda Reierson and Camilla Velasquez, effective immediately, to fill vacancies on the Board and to join committees of the Board as noted herein.”

Amanda Reierson was appointed as Director at Porch Group, Inc..

“the Board of Directors (the “Board”) of Porch Group, Inc. (the “Company”) approved the appointment of Amanda Reierson and Camilla Velasquez, effective immediately, to fill vacancies on the Board and to join committees of the Board as noted herein.”

Asha Sharma resigned as Director at Porch Group, Inc..

“On June 17, 2022, Asha Sharma, a director of Porch Group, Inc. (the “Company”), notified the Company of her decision to resign from the Board of Directors of the Company (the “Board”) and the Board committee on which she serves, in each case effective immediately, in order to devote additional time to her expanding professional responsibilities.”

Martin Heimbigner departed as Chief Financial Officer at Porch Group, Inc..

“On March 30, 2022, Porch Group, Inc. (the “Company”) announced that it had mutually agreed with Martin Heimbigner, Chief Financial Officer of the Company, to begin a search for Mr. Heimbigner’s successor.”

Regi Vengalil was appointed as Lead Independent Director at Porch Group, Inc..

“the Board appointed Regi Vengalil, currently Chair of the Mergers and Acquisitions Committee of the Board, as the Company’s Lead Independent Director.”

Chris Terrill resigned as Director at Porch Group, Inc..

“Javier Saade and Chris Terrill each notified the Company of their decision to resign from the Board and the respective committees of the Board on which they serve, effective March 17, 2022.”

Javier Saade resigned as Director at Porch Group, Inc..

“Javier Saade and Chris Terrill each notified the Company of their decision to resign from the Board and the respective committees of the Board on which they serve, effective March 17, 2022.”

Sean Kell was appointed as Director at Porch Group, Inc..

“the Board of Directors (the “Board”) of Porch Group, Inc. (the “Company”) approved the appointment of Sean Kell, effective March 17, 2022, to fill a vacancy on the Board”

Thomas D. Hennessy resigned as Director at Porch Group, Inc..

“Margaret Whelan and Thomas D. Hennessy each notified the Company of their decision to resign from the Board”

Margaret Whelan resigned as Director at Porch Group, Inc..

“Margaret Whelan and Thomas D. Hennessy each notified the Company of their decision to resign from the Board”

Maurice Tulloch was appointed as Director at Porch Group, Inc..

“the Company’s Board of Directors (the “Board”) approved the appointment of Rachel Lam and Maurice Tulloch, effective immediately, to fill vacancies on the Board.”

Rachel Lam was appointed as Director at Porch Group, Inc..

“the Company’s Board of Directors (the “Board”) approved the appointment of Rachel Lam and Maurice Tulloch, effective immediately, to fill vacancies on the Board.”