Form 4: Procore Technologies Chief Data Officer, Joy Driscoll Durling, Sells 5,700 Shares

Joy Driscoll Durling, Chief Data Officer of Procore Technologies, sold 5,700 shares of common stock at an average price of $69.01 on May 29, 2024.

Summary

• On May 29, 2024, Joy Driscoll Durling, the Chief Data Officer of Procore Technologies, sold 5,700 shares of Procore Technologies' common stock.
• The shares were sold at a weighted average price of $69.01, with individual prices ranging from $69.00 to $69.04.
• Following the transaction, Durling directly owns 110,457 shares of Procore Technologies' common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock sale. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and their holdings in the company's stock. It is important to monitor insider trading activity as it can provide insights into management's perspective on the company's future prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The information disclosed in this filing is consistent with the requirements of Section 16(a) of the Securities Exchange Act of 1934.

Stakeholder Impact

• The sale of shares by a company executive may be perceived differently by various stakeholders.
• Shareholders may interpret it as a lack of confidence in the company's future, while others may see it as a personal financial decision.

Key Dates