Form 4: Procore Technologies CEO Craig Courtemanche Jr. Reports Stock Transactions

CEO Craig Courtemanche Jr. reports stock transactions including tax obligation fulfillment and option exercises.

Summary

• On May 20, 2025, Craig F. Courtemanche Jr., CEO and President of Procore Technologies, Inc., had 20,997 shares withheld by the issuer to cover a tax obligation at a price of $69.94 per share.
• On May 21, 2025, Courtemanche exercised options to acquire 43,000 shares of common stock at a price of $2.42 per share.
• Following these transactions, Courtemanche directly owns 794,619 shares and indirectly owns 2,553,210 shares through a family trust, 1,230,480 shares through the Courtemanche 2021 Irrevocable Trust, 527,349 shares through The Courtemanche 2016 Irrevocable Trust, and 23,736 shares through his spouse.
• Courtemanche also holds options to purchase 933,916 shares of Procore Technologies common stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into the transactions of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The information provided allows investors to track insider activity, which can be compared to similar filings from executives at comparable companies like Autodesk (ADSK) or Oracle (ORCL) to gauge sentiment and potential future performance.

Stakeholder Impact

• The transactions may provide insights to shareholders regarding management's view of the company's stock value.
• The filing ensures transparency for all stakeholders.

Key Dates

Keywords

Procore Technologies, Craig Courtemanche Jr., stock options, Form 4, beneficial ownership, insider trading, PCOR