Form 4: Procore Technologies CFO Howard Fu Reports Stock Acquisition and Disposal
SEC Form 4
CFO and Treasurer of Procore Technologies, Howard Fu, reports acquisition of 56,382 shares and disposal of 193,619 shares of common stock on March 29, 2024.
Summary
- Howard Fu, CFO and Treasurer of Procore Technologies, filed a Form 4 detailing changes in beneficial ownership.
- On March 29, 2024, Fu acquired 56,382 shares of common stock at $0 and disposed of 193,619 shares.
- Following these transactions, Fu directly owns 193,619 shares of Procore Technologies.
- The acquisition of 56,382 shares is related to the settlement of restricted stock units (RSUs) that vest quarterly.
- One-sixteenth of 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, 2024 and subject to the Reporting Person's continued service through each Company Vesting Date.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/20/2024 | Vesting commencement date for restricted stock units. |
| 03/29/2024 | Date of stock acquisition and disposal. |
| 04/02/2024 | Date of signature by Attorney-in-Fact. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.