Form 4: Procore Technologies Director Kathryn Bueker Reports Stock Transactions

Director Kathryn Bueker reports acquisition of shares via restricted stock units and sale of shares under a 10b5-1 plan.

Summary

• Kathryn Bueker, a director at Procore Technologies, reported transactions involving the company's common stock.
• On June 6, 2024, Bueker acquired 2,887 shares of common stock through the settlement of restricted stock units (RSUs) at a price of $0.
• On June 10, 2024, Bueker sold 1,787 shares of common stock at a price of $65.68 per share.
• Following these transactions, Bueker beneficially owns 30,432 shares of Procore Technologies common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing represents routine transactions by a company director. The sale is under a pre-arranged 10b5-1 plan, suggesting it's not necessarily indicative of the director's current outlook on the company.

Future Outlook

The reporting person has elected to defer the receipt of common stock upon the vesting of the RSUs until the earlier of (i) the date that is ninety (90) days following the date of termination of service, and (ii) the date of a change in control.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track insider sentiment and potential future performance.

Stakeholder Impact

• The transactions may provide insights to shareholders regarding insider perspectives on the company's stock value.

Key Dates