Form 4: Procore Technologies Director Erin Chapple Reports Stock Transactions

Director Erin Chapple reports acquisition and disposal of Procore Technologies (PCOR) common stock related to restricted stock units.

Summary

• On June 6, 2024, Erin Chapple, a director of Procore Technologies, reported transactions involving the company's common stock.
• Chapple acquired 2,887 shares of common stock upon the settlement of restricted stock units (RSUs) at a price of $0.
• Following the transaction, Chapple directly owns 11,794 shares of Procore Technologies common stock.
• The RSUs vest 100% on the date of the issuer's 2025 annual meeting of stockholders, contingent upon continued service as a director.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it is a standard disclosure of stock transactions. The acquisition of shares through RSU settlement can be seen as a slightly positive sign, indicating confidence in the company's future.

Positives

• The acquisition of shares through RSU settlement indicates confidence in the company's future by a director.

Future Outlook

The vesting of RSUs is contingent upon the Reporting Person's continued service through the vesting date, which is the date of the issuer's 2025 annual meeting of stockholders.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency to investors regarding the actions of company leadership.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.

Key Dates