Form 4: Procore Chairman Exercises Stock Options

Procore Technologies Chairman Craig F. Courtemanche Jr. exercised options to acquire 115,000 shares of common stock.

Summary

• Craig F. Courtemanche Jr., Chairman of the Board and Director of Procore Technologies, Inc. (PCOR), exercised stock options.
• On November 24, 2025, Mr. Courtemanche acquired 115,000 shares of common stock.
• The exercise price for these shares was $2.42 per share.
• Following this transaction, Mr. Courtemanche directly beneficially owns 772,123 shares of common stock.
• He also indirectly beneficially owns 2,692,328 shares through the Craig F. Courtemanche and Hillary Courtemanche Family Trust, 1,230,480 shares through the Courtemanche 2021 Irrevocable Trust, 527,349 shares through The Courtemanche 2016 Irrevocable Trust, and 23,736 shares through his spouse.
• After the exercise, Mr. Courtemanche holds 518,916 derivative securities (stock options) directly.
• The exercised options vested in 60 equal monthly installments, beginning on February 5, 2016, subject to continued service.

Sentiment

Score: 7

Explanation: The exercise of a significant number of stock options by the Chairman of the Board is generally viewed as a positive signal, indicating management's confidence in the company's future performance and stock value. The low exercise price suggests a substantial in-the-money position.

Positives

• The Chairman of the Board exercising a significant number of stock options can be interpreted as a signal of confidence in the company's future prospects and valuation.
• The exercise price of $2.42 per share suggests a substantial potential gain if the current market price is significantly higher, indicating a positive return for the insider.

Future Outlook

This Form 4 filing does not provide any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This insider transaction is a routine disclosure required by the SEC for officers and directors. It reflects an individual's decision to exercise vested stock options, which is common practice in the technology industry for executive compensation. It does not directly provide insight into broader industry trends or competitive positioning, but rather signals individual confidence in the company's stock performance.

Related Party Transactions

• Indirect beneficial ownership of 2,692,328 shares held by the Craig F. Courtemanche and Hillary Courtemanche Family Trust dated as of November 1, 2012.
• Indirect beneficial ownership of 1,230,480 shares held by the Courtemanche 2021 Irrevocable Trust UA DTD 6/10/2021.
• Indirect beneficial ownership of 527,349 shares held by The Courtemanche 2016 Irrevocable Trust.
• Indirect beneficial ownership of 23,736 shares held by spouse.

Stakeholder Impact

• Shareholders: May view the Chairman's option exercise as a positive indicator of insider confidence, potentially influencing investor sentiment.

Key Dates

Keywords

Procore Technologies, PCOR, Craig F. Courtemanche Jr., Insider Transaction, Form 4, Stock Options, Common Stock, Beneficial Ownership, Chairman, Director, SEC Filing