Form 4: Procore Technologies Director Elisa Steele Reports Stock Sale

Director Elisa Steele of Procore Technologies, Inc. reports the sale of 4,000 shares of common stock at $88.50 per share on February 19, 2025.

Summary

• On February 19, 2025, Elisa Steele, a director of Procore Technologies, Inc., sold 4,000 shares of common stock.
• The sale price was $88.50 per share.
• Following the transaction, Steele directly owns 52,110 shares of Procore Technologies, Inc. common stock.
• A Power of Attorney was executed on February 14, 2025, granting Benjamin Singer, Travis Shrout, and Ting Wang the authority to act on Steele's behalf for SEC filings related to Procore Technologies stock transactions.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock sale by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of insider stock transactions, which are common in publicly traded companies. These transactions are closely monitored by investors for insights into management's perspective on the company's performance and future prospects.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
• The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934, which applies uniformly across all companies listed on U.S. stock exchanges.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially influencing the stock price in the short term.
• The Power of Attorney ensures continued compliance with SEC regulations regarding insider trading.

Key Dates

Keywords

Form 4, SEC, Procore Technologies, Elisa Steele, Stock Sale, Director, PCOR, Power of Attorney, Beneficial Ownership