Form 4: Procore Technologies CFO Howard Fu Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Howard Fu, CFO & Treasurer of Procore Technologies, sold 1,441 shares of common stock at $71.02 per share on April 22, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On April 22, 2024, Howard Fu, the CFO & Treasurer of Procore Technologies, sold 1,441 shares of the company's common stock.
- The sale was executed at a price of $71.02 per share.
- The transaction was conducted under a pre-arranged 10b5-1 trading plan established on August 9, 2023.
- Following the transaction, Howard Fu directly owns 192,178 shares of Procore Technologies' common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale under a pre-existing 10b5-1 plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by insiders are a common occurrence and are often pre-planned, especially when executed under 10b5-1 plans. These plans allow insiders to sell shares at predetermined times and prices to avoid accusations of trading on non-public information.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 08/09/2023 | Date of the 10b5-1 plan |
| 04/22/2024 | Date of the stock sale transaction |
| 04/24/2024 | Date of the Form 4 filing |
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.