Form 4: Procore CRO Sells Shares for Tax Obligation

Procore Technologies' Chief Revenue Officer, Lawrence Joseph Stack, disposed of 4,843 shares of common stock to cover tax obligations related to restricted stock unit vesting.

Summary

• Lawrence Joseph Stack, Chief Revenue Officer of Procore Technologies, Inc. (PCOR), reported a disposition of 4,843 shares of common stock.
• The transaction occurred on February 20, 2026, at a price of $52.02 per share.
• These shares were withheld by Procore Technologies to satisfy a tax obligation incurred by Mr. Stack upon the vesting of his restricted stock units.
• Following this transaction, Mr. Stack beneficially owns 179,285 shares of Procore Technologies common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transaction is a routine tax-related disposition of shares, which is a common administrative occurrence for executives receiving equity compensation and does not reflect a change in the company's operational or financial outlook.

Future Outlook

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

Industry Context

StockSavvy.ai notes that tax-related dispositions of shares by executives upon the vesting of restricted stock units are a common and routine administrative event in the technology sector and across publicly traded companies. This type of transaction typically does not reflect a change in management's sentiment towards the company's prospects.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in company fundamentals or management's confidence.
• Employees: No direct impact mentioned.

Key Dates

Recommendation

This Form 4 filing details a routine tax-related disposition of shares by a Chief Revenue Officer upon RSU vesting. Such transactions are common and administrative, not indicative of a discretionary sale or a shift in the company's fundamental outlook or the executive's confidence. Therefore, a seasoned investor or institution would likely maintain their current position, as this event provides no new information to warrant a change in investment strategy.

Keywords

Procore Technologies, PCOR, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, Lawrence Joseph Stack, Chief Revenue Officer