Form 4: Procore Executive Sells Shares for Tax Obligation

Procore Technologies' President of Product & Technology, Steven Scott Davis, disposed of 9,520 shares of common stock to cover tax obligations related to restricted stock unit vesting.

Summary

• Steven Scott Davis, President of Product & Technology at Procore Technologies, Inc. (PCOR), reported a transaction.
• The transaction involved the disposal of 9,520 shares of Common Stock.
• The shares were disposed of on November 20, 2025, at a price of $71.74 per share.
• This disposal was to satisfy a tax obligation incurred upon the vesting of restricted stock units.
• Following this transaction, Steven Scott Davis beneficially owns 196,514 shares of Common Stock directly.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary insider transaction (shares withheld for tax obligations upon RSU vesting), which is generally considered neutral in terms of market sentiment.

Future Outlook

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

Industry Context

This is a routine insider transaction, specifically a non-discretionary sale to cover tax liabilities upon RSU vesting. It does not reflect broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary sale for tax purposes, not a discretionary sale indicating a change in management's confidence.

Key Dates

Keywords

Procore Technologies, PCOR, Steven Scott Davis, Form 4, Insider Transaction, Stock Sale, Tax Obligation, Restricted Stock Units