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, sold 2,000 shares of common stock on June 3, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On June 3, 2024, Benjamin C. Singer, the Chief Legal Officer and Secretary of Procore Technologies, sold 2,000 shares of the company's common stock.
- The sale was executed at a price of $67.58 per share.
- This transaction was conducted under a pre-existing 10b5-1 trading plan established on September 8, 2023.
- Following the transaction, Singer directly owns 110,705 shares of Procore Technologies' common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction was pre-planned under a 10b5-1 trading plan and doesn't necessarily indicate a change in the insider's outlook on the company.
Industry Context
Sales by company insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. Investors often monitor these sales for signals about management's confidence in the company's future prospects.
Stakeholder Impact
- The sale of shares by a company officer could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the sale.
Key Dates
| Date | Description |
|---|---|
| 2023-09-08 | Date of 10b5-1 plan adoption |
| 2024-06-03 | Date of stock sale transaction |
| 2024-06-05 | Date of 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.