Sec Form 13G Filing - SCOPUS ASSET MANAGEMENT L.P. filing for PORCH GROUP INC (PRCH) - 2021-02-16

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

(Amendment No. 1)

 

 

Porch Group, Inc.

(Name of Issuer)

Common Stock, $0.0001 par value per share

(Title of Class of Securities)

733234104

(CUSIP Number)

December 31, 2020

(Date of Event Which Requires Filing of this Statement)

 

 

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

☐ 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 (“Act”) 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

 

  1.   

Names of Reporting Persons

 

Alexander Mitchell

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

    

  4.  

Citizenship or Place of Organization

 

United States of America

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

   5.     

Sole Voting Power

 

0

   6.   

Shared Voting Power

 

1,826,300

   7.   

Sole Dispositive Power

 

0

   8.   

Shared Dispositive Power

 

1,826,300

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,826,300

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ☐

 

    

11.  

Percent of Class Represented by Amount in Row (9)

 

2.2%

12.  

Type of Reporting Person (See Instructions)

 

IN

 

 

2


CUSIP No. 733245104

 

  1.   

Names of Reporting Persons

 

Scopus Capital, Inc.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

    

  4.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

   5.     

Sole Voting Power

 

0

   6.   

Shared Voting Power

 

1,826,300

   7.   

Sole Dispositive Power

 

0

   8.   

Shared Dispositive Power

 

1,826,300

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,826,300

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ☐

 

    

11.  

Percent of Class Represented by Amount in Row (9)

 

2.2%

12.  

Type of Reporting Person (See Instructions)

 

CO

 

 

3


CUSIP No. 733245104

 

  1.   

Names of Reporting Persons

 

Scopus Asset Management, L.P.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

    

  4.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

   5.     

Sole Voting Power

 

0

   6.   

Shared Voting Power

 

1,826,300

   7.   

Sole Dispositive Power

 

0

   8.   

Shared Dispositive Power

 

1,826,300

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,826,300

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ☐

 

    

11.  

Percent of Class Represented by Amount in Row (9)

 

2.2%

12.  

Type of Reporting Person (See Instructions)

 

IA

 

 

4


CUSIP No. 733245104

 

  1.   

Names of Reporting Persons

 

Scopus Advisors, LLC

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

    

  4.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

   5.     

Sole Voting Power

 

0

   6.   

Shared Voting Power

 

1,693,024

   7.   

Sole Dispositive Power

 

0

   8.   

Shared Dispositive Power

 

1,693,024

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,693,024

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ☐

 

    

11.  

Percent of Class Represented by Amount in Row (9)

 

2.1%

12.  

Type of Reporting Person (See Instructions)

 

OO

 

 

5


CUSIP No. 733245104

 

  1.   

Names of Reporting Persons

 

Scopus Partners, L.P.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

    

  4.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

   5.     

Sole Voting Power

 

0

   6.   

Shared Voting Power

 

94,224

   7.   

Sole Dispositive Power

 

0

   8.   

Shared Dispositive Power

 

92,224

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

92,224

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ☐

 

    

11.  

Percent of Class Represented by Amount in Row (9)

 

0.1%

12.  

Type of Reporting Person (See Instructions)

 

PN

 

 

6


CUSIP No. 733245104

 

  1.   

Names of Reporting Persons

 

Scopus Partners II, L.P.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

    

  4.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

   5.     

Sole Voting Power

 

0

   6.   

Shared Voting Power

 

143,350

   7.   

Sole Dispositive Power

 

0

   8.   

Shared Dispositive Power

 

143,350

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

143,350

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ☐

 

    

11.  

Percent of Class Represented by Amount in Row (9)

 

0.2%

12.  

Type of Reporting Person (See Instructions)

 

PN

 

 

7


CUSIP No. 733245104

 

  1.   

Names of Reporting Persons

 

Scopus Vista Partners, L.P.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

    

  4.  

Citizenship or Place of Organization

 

Delaware

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

   5.     

Sole Voting Power

 

0

   6.   

Shared Voting Power

 

1,455,450

   7.   

Sole Dispositive Power

 

0

   8.   

Shared Dispositive Power

 

1,455,450

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,455,450

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ☐

 

    

11.  

Percent of Class Represented by Amount in Row (9)

 

1.8%

12.  

Type of Reporting Person (See Instructions)

 

PN

 

 

8


CUSIP No. 733245104

 

  1.   

Names of Reporting Persons

 

Scopus Fund Ltd.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

    

  4.  

Citizenship or Place of Organization

 

British Virgin Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

   5.     

Sole Voting Power

 

0

   6.   

Shared Voting Power

 

50,923

   7.   

Sole Dispositive Power

 

0

   8.   

Shared Dispositive Power

 

50,923

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

50,923

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ☐

 

    

11.  

Percent of Class Represented by Amount in Row (9)

 

0.1%

12.  

Type of Reporting Person (See Instructions)

 

CO

 

 

9


CUSIP No. 733245104

 

  1.   

Names of Reporting Persons

 

Scopus Vista Fund Ltd.

  2.  

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  ☐        (b)  ☒

 

  3.  

SEC Use Only

 

    

  4.  

Citizenship or Place of Organization

 

British Virgin Islands

Number of

Shares

Beneficially

Owned by

Each

Reporting

Person

With

   5.     

Sole Voting Power

 

0

   6.   

Shared Voting Power

 

82,353

   7.   

Sole Dispositive Power

 

0

   8.   

Shared Dispositive Power

 

82,353

  9.  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

82,353

10.  

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  ☐

 

    

11.  

Percent of Class Represented by Amount in Row (9)

 

0.1%

12.  

Type of Reporting Person (See Instructions)

 

CO

 

 

10


Item 1.

 

  (a)

Name of Issuer:

Porch Group, Inc. (the “Issuer”)

 

  (b)

Address of Issuer’s Principal Executive Offices:

2200 1st Avenue S., Suite 300

Seattle, Washington 98134

 

Item 2.

 

  (a)

Name of Person Filing:

This statement is filed by Mr. Alexander Mitchell; Scopus Capital, Inc. (“SCI”); Scopus Asset Management, L.P. (“SAMLP”); Scopus Advisors, LLC (“SALLC”); Scopus Partners, L.P. (“SPLP”); Scopus Partners II, L.P. (“SPIILP”); Scopus Vista Partners, L.P. (“SVPLP”); Scopus Fund Ltd. (“SFL”); and Scopus Vista Fund Ltd. (“SVFL,&# x94; and together with Mr. Mitchell, SCI, SAMLP, SALLC, SPLP, SPIILP, SVPLP and SFL, the “Reporting Persons”).

 

  (b)

Address of Principal Business Office or, if none, Residence:

For each Reporting Person:

717 Fifth Ave., 21st Floor

New York, New York 10022

 

  (c)

Citizenship:

For each Reporting Person other than Mr. Mitchell, SFL and SVFL, Delaware.

For Mr. Mitchell, United States of America

For SFL and SVFL, British Virgin Islands.

 

  (d)

Title of Class of Securities:

Common Stock, $0.0001 par value per share (“Common Stock”)

 

  (e)

CUSIP Number:

733245104

 

Item 3.

If this statement is filed pursuant to §§240.13d-l(b) or 240.13d-2(b) or (c), check whether the person filing is a:

Not applicable.

 

Item 4.

Ownership

The information required by this item with respect to each Reporting Person is set forth in Rows 5 through 9 and 11 of the cover page to this Statement. The percent of class represented by the amount beneficially owned by each Reporting Person is based on 81,476,589 shares of Common Stock outstanding as of December 23, 2020, as indicated by the Issuer’s Form 8-K filed with the Securities and Exchange Commission on December 29, 2020.

 

11


SALLC is the general partner of each of SPLP, SPIILP and SVPLP and is deemed to have beneficial ownership of the Common Stock beneficially owned by each such entity. SAMLP is the investment advisor to each of SPLP, SPIILP, SVPLP, SFL and SVFL and is deemed to have beneficial ownership of the Common Stock beneficially owned by each such entity. SCI is the general partner of SAMLP and is deemed to have beneficial ownership of the Common Stock beneficially owned by SAMLP. Mr. Mitchell holds 100% of the ownership interest in each of SALLC and SCI and is deemed to have beneficial ownership of the Common Stock beneficially owned by each such entity.

 

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

Not applicable.

 

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.

 

Item 10.

Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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, other than activities solely in connection with a nomination under § 240.14a-11.

 

12


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.

Dated February 16, 2021

 

ALEXANDER MITCHELL     SCOPUS CAPITAL, INC.

/s/ Daniel Fried, attorney-in-fact

    By:  

/s/ Daniel Fried

      Name:   Daniel Fried
      Title:   Attorney-in-Fact
SCOPUS ASSET MANAGEMENT, L.P.     SCOPUS ADVISORS, LLC
By: Scopus Capital, Inc., its General Partner      
By:  

/s/ Daniel Fried

    By:  

/s/ Daniel Fried

Name:   Daniel Fried     Name :   Daniel Fried
Title:   Attorney-in-Fact     Title:   Attorney-in-Fact
SCOPUS PARTNERS, L.P.     SCOPUS PARTNERS II, L.P.
By: Scopus Advisors, LLC, its General Partner     By: Scopus Advisors, LLC, its General Partner
By:  

/s/ Daniel Fried

    By:  

/s/ Daniel Fried

Name:   Daniel Fried     Name:   Daniel Fried
Title:   Attorney-in-Fact     Title:   Attorney-in-Fact
SCOPUS VISTA PARTNERS, L.P.     SCOPUS FUND LTD.
By: Scopus Advisors, LLC, its General Partner      
By:  

/s/ Daniel Fried

    By:  

/s/ Daniel Fried

Name:   Daniel Fried     Name:   Daniel Fried
Title:   Attorney-in-Fact     Title:   Attorney-in-Fact
SCOPUS VISTA FUND LTD.      
By:  

/s/ Daniel Fried

     
Name:   Daniel Fried      
Title:   Attorney-in-Fact      

 

13