Form 4: Procore CLO Benjamin Singer Sells Shares
Statement of Changes in Beneficial Ownership
Procore Technologies Chief Legal Officer Benjamin C. Singer sold 3,942 shares of common stock on May 29, 2026.
Summary
- Benjamin C. Singer, Chief Legal Officer and Secretary of Procore Technologies, Inc., executed a sale of 3,942 shares of common stock.
- The transaction occurred on May 29, 2026, at a price of $50.00 per share.
- Following this transaction, the reporting person retains beneficial ownership of 96,723 shares of common stock.
- The sale was conducted pursuant to a pre-established Rule 10b5-1 trading plan adopted on August 13, 2025.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as the sale was pre-planned and represents a standard executive financial management activity.
Positives
- The sale was executed under a pre-planned Rule 10b5-1 program, which is a standard mechanism for executives to sell shares without triggering insider trading concerns.
Negatives
- The transaction represents a reduction in the direct equity stake held by a key member of the executive leadership team.
Risks
- Continued divestment by executive officers may be perceived negatively by retail investors as a lack of long-term confidence in the stock price.
Future Outlook
No specific forward-looking guidance regarding company performance was provided in this filing.
Industry Context
StockSavvy.ai notes that executive stock sales under 10b5-1 plans are routine corporate governance events and generally do not signal a change in company fundamentals or strategic direction.
Comparison to Industry Standards
- The use of Rule 10b5-1 plans is the industry standard for executive equity liquidation to ensure compliance with SEC regulations.
- The scale of the sale relative to the total holdings is minor, consistent with typical executive portfolio diversification practices.
Stakeholder Impact
- Minimal impact on shareholders as the sale was conducted via a pre-arranged plan.
Next Steps
- No future actions or milestones were disclosed in this filing.
Key Dates
| Date | Description |
|---|---|
| 08/13/2025 | Date the Rule 10b5-1 trading plan was adopted. |
| 05/29/2026 | Date of the reported stock sale transaction. |
| 06/02/2026 | Date the Form 4 was signed and filed. |
Keywords
Procore Technologies, PCOR, Insider Trading, Form 4, Executive Compensation, Rule 10b5-1
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