Form 4: Procore Technologies CFO Howard Fu Reports Acquisition and Disposal of Common Stock

CFO of Procore Technologies, Howard Fu, reports acquiring shares of common stock through restricted stock units and disposing of shares.

Summary

• On March 31, 2025, Howard Fu, CFO & Treasurer of Procore Technologies, reported transactions involving the company's common stock.
• Fu acquired 64,687 shares of common stock through the settlement of restricted stock units (RSUs) at a price of $0.
• Fu also disposed of 209,400 shares of common stock.
• Following these transactions, Fu directly owns 209,400 shares of Procore Technologies.
• The RSUs vest quarterly, starting with the first Company Vesting Date following February 20, 2025, subject to continued service.

Sentiment

Score: 5

Explanation: This is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions by a company insider.

Future Outlook

The RSUs vest quarterly on each February 20, May 20, August 20 and November 20, beginning with the first Company Vesting Date following the vesting commencement date of February 20, 2025, and subject to the Reporting Person's continued service through each Company Vesting Date.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.

Key Dates

Keywords

Form 4, Procore Technologies, PCOR, Howard Fu, CFO, Treasurer, Stock, Restricted Stock Units, RSUs, Beneficial Ownership, Securities