Amended Statement of Ownership (sc 13g/a)
February 14 2023 - 2:21PM
Edgar (US Regulatory)
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. 1)*
Porch
Group, Inc.
(Name
of Issuer)
Common
Stock, par value $0.0001
(Title
of Class of Securities)
733245104
(CUSIP
Number)
December
31, 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
11,608,006 |
|
6 |
SHARED
VOTING POWER
None |
|
7 |
SOLE
DISPOSITIVE POWER
13,295,572 |
|
8 |
SHARED
DISPOSITIVE POWER
None |
|
9 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,295,572 |
|
10 |
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
|
[
]
|
11 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
13.22% |
|
12 |
TYPE
OF REPORTING PERSON
IA |
|
|
|
|
|
|
CUSIP
NO. 733245104 |
13G |
Page
3 of 5 Pages |
Item
1. | (a) |
Name of Issuer: |
Porch
Group, Inc.
| (b) | Address
of Issuer’s Principal Executive Offices: |
411
1st Avenue S., Suite 501
Seattle,
WA 98104
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
State
of Massachusetts
| (d) | Title
of Class of Securities: |
Common
Stock, par value $0.0001
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 |
(a) |
Amount
beneficially owned: |
13,295,572 |
(b) |
Percent
of class: |
13.22% |
(c) |
Number
of shares as to which the person has: |
|
|
(i) |
Sole
power to vote or to direct the vote: |
11,608,006 |
|
(ii) |
Shared
power to vote or to direct the vote: |
0 |
|
(iii) |
Sole
power to dispose or to direct the disposition of: |
13,295,572 |
|
(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 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 |
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:
|
February
14, 2023 |
|
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