# EDGAR Filing Document

**Accession Number:** 0001784535
**File Stem:** 0001493152-23-005095
**Filing Date:** 2023-2
**Character Count:** 11511
**Document Hash:** f0d33c7c4a55d5d0ef01ec4babfd0822
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-005095.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001493152-23-005095

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230120

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Park West Asset Management LLC
- **CENTRAL INDEX KEY:** 0001386928
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39142
- **FILM NUMBER:** 23633325

**BUSINESS ADDRESS:**
- **STREET 1:** 900 LARKSPUR LANDING CIRCLE, SUITE 165
- **CITY:** LARKSPUR
- **STATE:** CA
- **ZIP:** 94939
- **BUSINESS PHONE:** (415) 524-2902

**MAIL ADDRESS:**
- **STREET 1:** 900 LARKSPUR LANDING CIRCLE, SUITE 165
- **CITY:** LARKSPUR
- **STATE:** CA
- **ZIP:** 94939
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Porch Group, Inc.
- **CENTRAL INDEX KEY:** 0001784535
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **IRS NUMBER:** 832587663
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 411 1ST AVENUE S., SUITE 501
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98104
- **BUSINESS PHONE:** (855) 767-2400

**MAIL ADDRESS:**
- **STREET 1:** 411 1ST AVENUE S., SUITE 501
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PropTech Acquisition Corp
- **DATE OF NAME CHANGE:** 20190805

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Park West Asset Management LLC<br><sub>(Last) (First) (Middle)</sub><br>900 LARKSPUR LANDING CIRCLE, SUITE 165<br><sub>(Street)</sub><br>LARKSPUR, CA 94939<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-20 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [X] 10% Owner<br>[ ] Officer (give title below) [ ] Other (specify below)<br>_ _ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Porch Group, Inc. [ PRCH ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common stock, par value $0.0001<sup>(8)</sup> | 2023-01-20 |  | P |  | 474220 | A | 2.463<sup>(2)</sup> | 10569083 | I | See Footnote<sup>(1)</sup> |
| Common stock, par value $0.0001<sup>(8)</sup> | 2023-01-23 |  | P |  | 530750 | A | 2.595<sup>(3)</sup> | 11099833 | I | See Footnote<sup>(1)</sup> |
| Common stock, par value $0.0001<sup>(8)</sup> | 2023-01-24 |  | P |  | 760000 | A | 2.463<sup>(4)</sup> | 11859833 | I | See Footnote<sup>(1)</sup> |
| Common stock, par value $0.0001<sup>(8)</sup> | 2023-01-25 |  | P |  | 407874 | A | 2.307<sup>(5)</sup> | 12267707 | I | See Footnote<sup>(1)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Equity Swap (right to buy)<sup>(6)(8)</sup> | $3.339 | 2023-01-20 |  | S |  |  | 527184 | 2025-12-31 | 2025-12-31 | Common stock, par value $0.0001 | 527184 | <sup>(6)</sup> | 1898624 | I | See Footnote<sup>(1)</sup> |
| Equity Swap (right to buy)<sup>(7)(8)</sup> | $3.339 | 2023-01-20 |  | S |  |  | 172816 | 2025-12-30 | 2025-12-30 | Common stock, par value $0.0001 | 172816 | <sup>(7)</sup> | 0 | I | See Footnote<sup>(1)</sup> |
| Equity Swap (right to buy)<sup>(6)(8)</sup> | $3.462 | 2023-01-23 |  | S |  |  | 730750 | 2025-12-31 | 2025-12-31 | Common stock, par value $0.0001 | 730750 | <sup>(6)</sup> | 1167874 | I | See Footnote<sup>(1)</sup> |
| Equity Swap (right to buy)<sup>(6)(8)</sup> | $3.339 | 2023-01-24 |  | S |  |  | 760000 | 2025-12-31 | 2025-12-31 | Common stock, par value $0.0001 | 760000 | <sup>(6)</sup> | 407874 | I | See Footnote<sup>(1)</sup> |
| Equity Swap (right to buy)<sup>(6)(8)</sup> | $3.141 | 2023-01-25 |  | S |  |  | 407874 | 2025-12-31 | 2025-12-31 | Common stock, par value $0.0001 | 407874 | <sup>(6)</sup> | 0 | I | See Footnote<sup>(1)</sup> |

---

### Footnotes:

(1) Park West Asset Management LLC ("PWAM") is the investment manager to Park West Investors Master Fund, Limited, a Cayman Islands exempted company ("PWIMF") and Park West Partners International, Limited, a Cayman Islands exempted company ("PWPI" and, collectively with PWIMF, the "PW Funds"). Peter S. Park ("Mr. Park"), through one or more affiliated entities, is the controlling manager of the Reporting Person. The Reporting Person's and Mr. Park's beneficial ownership is limited to their pecuniary interest, if any, in the securities reported herein.

(2) The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.295 to $2.565 per share, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth herein.

(3) The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.40 to $2.75 per share, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth herein.

(4) The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.375 to $2.785 per share, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth herein.

(5) The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.21 to $2.42 per share, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth herein.

(6) On November 23, 2022 the Reporting Person entered into an equity swap agreement with a third party. The reported equity swap was on a basket of securities, which included shares of the Issuer's common stock. Under the equity swap, the third party was obligated to pay to the Reporting Person the aggregate increase, if any, in value of the basket of securities between November 23, 2022 and December 31, 2025. In connection with the optional partial early termination of the equity swap agreement, the third party became obligated to pay to the Reporting Person the excess of the price per share of the Issuer's common stock on each of January 20, 2023, January 23, 2023, January 24, 2023 and January 25, 2023 over the price per share of the Issuer's common stock on November 23, 2022.

(7) On November 23, 2022 the Reporting Person entered into an equity swap agreement with a third party. The reported equity swap was on a basket of securities, which included shares of the Issuer's common stock. Under the equity swap, the third party was obligated to pay to the Reporting Person the aggregate increase, if any, in value of the basket of securities between November 23, 2022 and December 30, 2025. In connection with the optional partial early termination of the equity swap agreement, the third party became obligated to pay to the Reporting Person the excess of the price per share of Issuer's common stock on January 20, 2023 over the price per share of the Issuer's common stock on November 23, 2022.

(8) The amount of any recoverable short swing profit from the Reporting Person resulting from the reported transactions will be calculated pursuant to Rule 16b-6(c)(2), and will be remitted to the Issuer.

**Signature:** /s/ Grace Jimenez, Chief Financial Officer of Park West Asset Management LLC  
**Date:** 2023-02-14

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**