0001398344-22-013139.txt : 20220711 0001398344-22-013139.hdr.sgml : 20220711 20220711153932 ACCESSION NUMBER: 0001398344-22-013139 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20220711 DATE AS OF CHANGE: 20220711 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Porch Group, Inc. CENTRAL INDEX KEY: 0001784535 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 900781625 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-91226 FILM NUMBER: 221076851 BUSINESS ADDRESS: STREET 1: 2200 1ST AVENUE S. CITY: SEATTLE STATE: WA ZIP: 98134 BUSINESS PHONE: (206) 947-2472 MAIL ADDRESS: STREET 1: 2200 1ST AVENUE S. CITY: SEATTLE STATE: WA ZIP: 98134 FORMER COMPANY: FORMER CONFORMED NAME: PropTech Acquisition Corp DATE OF NAME CHANGE: 20190805 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Granahan Investment Management, LLC CENTRAL INDEX KEY: 0001026710 IRS NUMBER: 042856200 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 404 WYMAN STREET STREET 2: SUITE 460 CITY: WALTHAM STATE: MA ZIP: 02451 BUSINESS PHONE: 7818904412 MAIL ADDRESS: STREET 1: 404 WYMAN STREET STREET 2: SUITE 460 CITY: WALTHAM STATE: MA ZIP: 02451 FORMER COMPANY: FORMER CONFORMED NAME: GRANAHAN INVESTMENT MANAGEMENT INC/MA DATE OF NAME CHANGE: 19990322 SC 13G 1 fp0077432_sc13g.htm

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________

 

SCHEDULE 13G

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULE 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO RULE 13d-2(b)

 

(AMENDMENT NO. 0)*

 

PORCH GROUP, INC.

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

733245104

(CUSIP Number)

 

June 30, 2022

(Date of Event Which Requires Filing of This Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

[ X ]Rule 13d-1(b)
[   ]Rule 13d-1(c)
[   ]Rule 13d-1(d)

 

 

 

*       The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

CUSIP NO. 733245104

13G Page 2 of 5 Pages

 

1

NAMES OF REPORTING PERSONS S.S. OR
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

 

Granahan Investment Management LLC

 
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a) [ ]

(b) [ ]

3

SEC USE ONLY

 

 

 
4

CITIZENSHIP OR PLACE OF ORGANIZATION

State of Massachusetts

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON WITH

5

SOLE VOTING POWER

 

9,047,833

 
6

SHARED VOTING POWER

 

None

 
7

SOLE DISPOSITIVE POWER

 

9,998,058

 
8

SHARED DISPOSITIVE POWER

 

None

 
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

9,998,058

 
10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES

 

 

[ ]

11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

10.085%

 
12

TYPE OF REPORTING PERSON

 

IA

 
         

 

 

 

CUSIP NO. 733245104 13G Page 3 of 5 Pages

 

Item 1.(a) Name of Issuer:

 

Porch Group, Inc., a Delaware Corporation (the “Company”)

 

(b)Address of Issuer’s Principal Executive Offices:

 

2200 1st Avenue S., Suite 300

Seattle, WA 98134

 

Item 2.(a) Name of Person Filing:

 

Granahan Investment Management LLC

 

(b)Address of Principal Business Office or, if None, Residence:

 

Wyman Street, Suite 460

Waltham, MA 02451

 

(c)Citizenship:

 

State of Massachusetts

 

(d)Title of Class of Securities:

 

Common Stock

 

(e)CUSIP Number:

 

733245104

 

Item 3.If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a:

 

(a) [ ] Broker or dealer registered under Section 15 of the Exchange Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act.
(d) [ ] Investment company registered under Section 8 of the Investment Company Act.
(e [ X] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

 

 

 

CUSIP NO. 733245104 13G Page 4 of 5 Pages

 

Item 4.Ownership.

 

(a) Amount beneficially owned: 9,998,058
(b) Percent of class: 10.085%
(c) Number of shares as to which the person has:  
    (i) Sole power to vote or to direct the vote: 9,047,833
    (ii) Shared power to vote or to direct the vote: 0
    (iii) Sole power to dispose or to direct the disposition of: 9,998,058
    (iv) Shared power to dispose or to direct the disposition of: 0

 

Item 5.Ownership of Five Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ]

 

Item 6.Ownership of More than Five Percent on Behalf of Another Person.

 

All of the Class A Shares set forth in Item 4 are owned by various investment advisory clients of Granahan Investment Management LLC, which is deemed to be a beneficial owner of those shares pursuant to Rule 13d-3 under the Securities Exchange Act of 1934, due to its discretionary power to make investment decisions over such shares and/or its ability to vote such shares.

 

Item 7.Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 

Not applicable

 

Item 8.Identification and Classification of Members of the Group.

 

Not applicable

 

Item 9.Notice of Dissolution of Group.

 

Not applicable

 

 

 

CUSIP NO. 733245104 13G Page 5 of 5 Pages

 

Item 10.Certification.

 

By signing below the undersigned certifies that, to the best of my knowledge and belief, the securities referred to above were acquired and held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

Signature

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

  Granahan Investment Management LLC  
       
  By: /s/Brian Granahan  
  Name: Brian Granahan  
  Title: Chief Compliance Officer  
       
  Date: July 11, 2022