Form 4: Procore Director Ronald Hovsepian Receives RSU Grant

Director Ronald W. Hovsepian was granted 2,330 restricted stock units as part of his compensation for service at Procore Technologies, Inc.

Summary

• Director Ronald W. Hovsepian acquired 2,330 restricted stock units (RSUs) on June 4, 2026.
• The RSUs were granted at a price of $0 per share.
• Following this transaction, the director's total beneficial ownership of common stock is 9,527 shares.
• The RSUs are scheduled to vest in full on the date of the company's 2027 annual meeting of stockholders.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.

Positives

• The grant aligns the director's interests with long-term shareholder value through equity-based compensation.

Negatives

• None identified; this is a standard equity compensation disclosure.

Risks

• Vesting is subject to the director's continued service through the 2027 annual meeting date.

Future Outlook

The RSUs will vest on the date of the 2027 annual meeting of stockholders, contingent upon continued service.

Industry Context

StockSavvy.ai notes that equity grants to non-employee directors are a standard corporate governance practice in the software and construction technology sectors to ensure board alignment with shareholder interests.

Comparison to Industry Standards

• The grant of RSUs to directors is consistent with standard compensation practices for publicly traded technology companies.
• The vesting schedule tied to the annual meeting is a common retention mechanism for board members.

Stakeholder Impact

• Minimal impact on shareholders as this represents standard director compensation.

Next Steps

• Vesting of the 2,330 RSUs at the 2027 annual meeting of stockholders.

Key Dates

Keywords

Procore Technologies, PCOR, Form 4, Insider Trading, Director Compensation, Restricted Stock Units