Form 4: Procore CFO Reports Share Sale and Tax Withholding
Insider Transaction Report
Procore Technologies CFO Howard Fu reported the sale of 797 shares under a 10b5-1 plan and the withholding of 7,203 shares for tax obligations.
Summary
- Howard Fu, CFO & Treasurer of Procore Technologies, Inc. (PCOR), reported two transactions involving the company's common stock.
- On November 20, 2025, 7,203 shares were withheld by the Issuer at a price of $71.74 per share to satisfy a tax obligation related to the vesting of restricted stock units.
- On November 21, 2025, 797 shares were sold at a price of $69.35 per share pursuant to a Rule 10b5-1 plan dated November 15, 2024.
- Following these transactions, Howard Fu directly beneficially owns 179,847 shares of Procore Technologies common stock.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions, including tax withholding upon RSU vesting and a pre-planned stock sale, which are generally neutral events and do not indicate a significant positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
This filing does not contain any forward-looking statements or guidance.
Industry Context
This filing details routine insider transactions for a publicly traded company's executive, which is a common occurrence in the industry for compensation and personal financial planning, often managed through pre-arranged 10b5-1 plans.
Stakeholder Impact
- Shareholders: The transactions represent a minor reduction in direct insider ownership, which is a routine event and unlikely to have a significant impact on shareholder sentiment or company valuation.
Key Dates
| Date | Description |
|---|---|
| 11/15/2024 | Date of the 10b5-1 plan under which shares were sold. |
| 11/20/2025 | Date shares were withheld for tax obligation upon RSU vesting. |
| 11/21/2025 | Date shares were sold under the 10b5-1 plan and the filing signature date. |
Keywords
Procore Technologies, PCOR, Insider Transaction, Form 4, Stock Sale, CFO, Howard Fu, 10b5-1 Plan, Restricted Stock Units, Tax Withholding
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