Form 4: Procore Technologies' Chief Legal Officer Sells 2,000 Shares
SEC Form 4 Filing
Benjamin C. Singer, Chief Legal Officer and Secretary of Procore Technologies, Inc., sold 2,000 shares of common stock on July 1, 2024, at a price of $66.13 per share.
Summary
- On July 1, 2024, Benjamin C. Singer, the Chief Legal Officer and Secretary of Procore Technologies, Inc., sold 2,000 shares of the company's common stock.
- The sale was executed at a price of $66.13 per share.
- Following the transaction, Singer directly owns 108,705 shares of Procore Technologies, Inc.
- The sale was conducted under a pre-arranged 10b5-1 trading plan established on September 8, 2023.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock sale. It doesn't inherently convey positive or negative sentiment.
Industry Context
This is a routine disclosure of an insider stock sale. It's common for executives to have pre-arranged trading plans (10b5-1) to avoid accusations of insider trading.
Stakeholder Impact
- The sale of shares by a company officer could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2023-09-08 | Date of 10b5-1 plan adoption |
| 2024-07-01 | Date of stock sale transaction |
| 2024-07-03 | Date of signature for the report |
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.