Form 4: Procore Executive Reports Routine RSU Tax Withholding

Procore Technologies' President of Product & Technology, Steven Scott Davis, disposed of 9,520 common shares to cover tax liabilities from vested restricted stock units.

Summary

• Steven Scott Davis, President of Product & Technology at Procore Technologies, Inc. (PCOR), reported a disposition of 9,520 shares of common stock.
• The transaction occurred on August 20, 2025, with the shares valued at $65.34 per share.
• These shares were withheld by Procore Technologies to satisfy tax obligations incurred by Mr. Davis upon the vesting of his restricted stock units.
• Following this transaction, Mr. Davis directly beneficially owns 206,034 shares of Procore Technologies common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposition of shares to cover tax liabilities associated with restricted stock unit vesting, which is a common compensation event and does not reflect a change in management's view of the company.

Future Outlook

The filing does not contain any forward-looking statements or guidance.

Industry Context

This filing represents a routine insider transaction related to equity compensation, which is a common practice across all industries for executives receiving restricted stock units.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes and does not indicate a change in the executive's investment thesis or company fundamentals.

Key Dates

Keywords

Procore Technologies, PCOR, Steven Scott Davis, Form 4, Insider Transaction, Tax Withholding, Restricted Stock Units, Equity Compensation