Form 4: Procore CFO's Routine Stock Sale for Tax Obligations

Procore Technologies CFO Howard Fu disposed of 5,212 shares of common stock to cover tax obligations from restricted stock unit vesting.

Summary

• Howard Fu, CFO & Treasurer of PROCORE TECHNOLOGIES, INC. (PCOR), reported a transaction involving company common stock.
• On February 20, 2026, Mr. Fu disposed of 5,212 shares of common stock.
• The shares were withheld by the Issuer to satisfy a tax obligation realized by Mr. Fu upon the vesting of restricted stock units (RSUs).
• The price per share for the disposition was $52.02.
• Following this transaction, Mr. Fu beneficially owns 173,025 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports a routine, non-discretionary transaction related to executive compensation and tax obligations, providing no new information to alter fundamental sentiment.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that this type of transaction, where shares are withheld to cover tax obligations upon the vesting of restricted stock units, is a common and routine event for executives receiving equity compensation. It is generally not indicative of a discretionary sale based on management's sentiment about the company's future.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in management's confidence or company fundamentals.

Key Dates

Recommendation

This Form 4 reports a routine, non-discretionary sale of shares by the CFO to cover tax obligations upon RSU vesting. It does not indicate any change in management's view of the company's prospects or a strategic shift, thus maintaining a 'hold' recommendation as no new fundamental information is presented to warrant a change in investment thesis.

Keywords

PROCORE TECHNOLOGIES, PCOR, Form 4, Insider Transaction, CFO, Howard Fu, Stock Sale, RSU Vesting, Tax Withholding