Form 4: Procore Technologies Chief Legal Officer Sells 1,500 Shares Under 10b5-1 Plan

Procore Technologies' Chief Legal Officer, Benjamin C. Singer, sold 1,500 shares of common stock at $78 per share on January 21, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Benjamin C. Singer, the Chief Legal Officer and Secretary of Procore Technologies, Inc., sold 1,500 shares of the company's common stock on January 21, 2025.
• The sale was executed at a price of $78 per share.
• This transaction was conducted under a pre-arranged 10b5-1 trading plan established on August 15, 2024.
• Following the sale, Mr. Singer directly owns 83,039 shares of Procore Technologies common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an insider stock sale under a pre-arranged plan. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to manage their stock sales and avoid accusations of trading on inside information.

Comparison to Industry Standards

• The use of 10b5-1 plans is a standard practice among publicly traded companies to allow insiders to sell shares without violating insider trading laws.
• The sale of 1,500 shares by an executive is not unusual and is within the typical range of insider transactions.
• Comparable companies also have executives who use 10b5-1 plans to manage their stock sales.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but it is unlikely to significantly affect the stock price given the pre-arranged nature of the sale.

Key Dates

Keywords

Procore Technologies, insider trading, Form 4, 10b5-1 plan, stock sale, Benjamin C. Singer, PCOR, Chief Legal Officer