Form 4: Procore Chief Legal Officer Sells Shares Under Pre-Arranged Trading Plan

Procore Technologies' Chief Legal Officer, Benjamin C. Singer, sold 4,500 shares of common stock for $75 per share on July 10, 2025, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Benjamin C. Singer, the Chief Legal Officer and Secretary of Procore Technologies, Inc. (PCOR), reported a transaction involving the company's common stock.
• On July 10, 2025, Singer disposed of 4,500 shares of Procore Common Stock.
• The shares were sold at a price of $75 per share.
• Following this transaction, Singer beneficially owns 97,557 shares of Procore Common Stock.
• The sale was executed pursuant to a Rule 10b5-1 trading plan that was established on August 15, 2024.

Sentiment

Score: 5

Explanation: The sale of shares by a Chief Legal Officer is a neutral event as it was conducted under a pre-arranged 10b5-1 plan, which is a common practice for managing personal finances and stock diversification, rather than signaling a change in company outlook.

Positives

• The sale was conducted under a Rule 10b5-1 plan, indicating it was pre-scheduled and not based on new, non-public information, which is a standard practice for corporate insiders.

Negatives

• An insider sale, even if pre-planned, results in a reduction of the insider's direct ownership in the company.

Future Outlook

No future outlook or guidance is provided in this Form 4 filing, as it is a report of an individual insider transaction.

Industry Context

This Form 4 filing reports a routine insider transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: May observe a slight reduction in insider ownership, but the pre-arranged nature of the 10b5-1 plan generally mitigates any negative interpretation regarding management's confidence in the company.

Key Dates

Recommendation

Keywords

Procore Technologies, PCOR, Form 4, Insider Trading, Benjamin C. Singer, Stock Sale, 10b5-1 Plan, Chief Legal Officer