Form 4: Procore SVP Sells Shares for Tax Obligation

Procore Technologies' SVP, Corporate Controller, William Fred Fleming Jr., disposed of 2,140 shares to cover tax obligations, while also acquiring 137 shares through an employee stock purchase plan.

Summary

• William Fred Fleming Jr., SVP, Corporate Controller of Procore Technologies, Inc. (PCOR), reported a transaction on November 20, 2025.
• 2,140 shares of Common Stock were disposed of at a price of $71.74 per share.
• This disposition was to satisfy a tax obligation realized by the Reporting Person upon the vesting of restricted stock units.
• Following this transaction, Mr. Fleming beneficially owns 61,306 shares of Common Stock.
• The reported beneficial ownership includes 137 shares purchased through the Issuer's employee stock purchase plan on November 15, 2025.

Sentiment

Score: 5

Explanation: This is a routine insider transaction, primarily for tax purposes, and does not indicate a significant positive or negative shift in company outlook or insider sentiment.

Positives

• Reporting Person acquired 137 shares through the Issuer's employee stock purchase plan on November 15, 2025, indicating continued investment in the company.

Negatives

• Reporting Person disposed of 2,140 shares of Common Stock.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• Shares were withheld by the Issuer to satisfy a tax obligation of the Reporting Person upon the vesting of restricted stock units.
• Reporting Person purchased shares through the Issuer's employee stock purchase plan.

Stakeholder Impact

• Shareholders: Minor change in insider ownership, which is generally expected for tax-related transactions and does not typically impact company strategy or performance.
• Employees: The employee stock purchase plan indicates continued opportunities for employees to invest in the company.

Key Dates

Recommendation

This Form 4 reports a routine insider transaction involving the disposition of shares to cover tax obligations from vested restricted stock units and a purchase through an employee stock purchase plan. Such transactions are common and generally do not indicate a change in the company's fundamental outlook or warrant a change in investment recommendation.

Keywords

Procore Technologies, PCOR, Form 4, Insider Transaction, Stock Sale, Tax Obligation, Employee Stock Purchase Plan, Corporate Controller