Form 4: Procore Technologies CEO Craig Courtemanche Reports Share Acquisition

CEO Craig Courtemanche reports acquiring 93,437 shares of Procore Technologies common stock on March 31, 2025.

Summary

• Craig F. Courtemanche Jr., CEO and President of Procore Technologies, reported a transaction on March 31, 2025.
• He acquired 93,437 shares of common stock at $0.
• Following the transaction, Courtemanche directly owns 815,616 shares.
• He also indirectly owns 2,553,210 shares through the Craig F. Courtemanche and Hillary Courtemanche Family Trust.
• An additional 1,230,480 shares are held by the Courtemanche 2021 Irrevocable Trust UA DTD 6/10/2021.
• 527,349 shares are held by The Courtemanche 2016 Irrevocable Trust.
• 23,736 shares are held by his spouse.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The CEO acquiring shares, even through vesting, suggests confidence. However, it's a routine transaction.

Positives

• The CEO's acquisition of shares could be interpreted positively, signaling confidence in the company's future performance.

Future Outlook

The vesting schedule of the RSUs indicates continued equity-based compensation for the reporting person, incentivizing future performance.

Industry Context

Tracking insider transactions is a common practice in financial analysis to gauge management's sentiment and potential future performance of the company relative to the construction technology industry.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from the CEO.
• Employees may view the CEO's increased stake as a positive sign for the company's future.

Next Steps

• Continued monitoring of insider transactions to assess management's confidence and alignment with shareholder interests.
• Tracking the vesting schedule of the RSUs to understand future share dilution.

Key Dates

Keywords

Procore Technologies, Craig Courtemanche, PCOR, Form 4, Beneficial Ownership, Stock Acquisition, CEO, Shares