Form 4: Procore Technologies' Chief Legal Officer Sells 3,000 Shares
SEC Form 4 Filing
Benjamin C. Singer, Chief Legal Officer and Secretary of Procore Technologies, Inc., sold 3,000 shares of common stock at a price of $78.26 on March 1, 2024, according to a Form 4 filing with the SEC.
Summary
- On March 1, 2024, Benjamin C. Singer, the Chief Legal Officer and Secretary of Procore Technologies, Inc., sold 3,000 shares of the company's common stock.
- The sale was executed at a price of $78.26 per share.
- Following the transaction, Singer directly owns 101,865 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 Form 4 filing, indicating a routine transaction. The sale is pre-planned under a 10b5-1 plan, so it's unlikely to significantly impact investor sentiment.
Industry Context
Sales by company insiders are a common occurrence and are often related to personal financial planning. The existence of a 10b5-1 plan suggests the sale was pre-planned and not based on current market information.
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 |
| 2024-03-01 | Date of stock sale transaction |
| 2024-03-04 | Date of Form 4 filing |
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