Form 4: Procore Technologies' Chief Legal Officer Sells 8,000 Shares

Benjamin C. Singer, Chief Legal Officer and Secretary of Procore Technologies, Inc., sold 8,000 shares of common stock on March 8, 2024, at a price of $80 per share.

Summary

• On March 8, 2024, Benjamin C. Singer, the Chief Legal Officer and Secretary of Procore Technologies, Inc. (PCOR), sold 8,000 shares of the company's common stock.
• The shares were sold at a price of $80 per share.
• Following the transaction, Singer directly owns 93,865 shares of Procore Technologies.
• The sale was executed under a pre-arranged 10b5-1 trading plan established on September 8, 2023.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by an officer. It's neutral in nature and doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are a routine part of the financial markets, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The sale of shares by a company officer could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates