Form 4: Procore Technologies Director Kevin J. O'Connor Donates 14,100 Shares

Director Kevin J. O'Connor donated 14,100 shares of Procore Technologies stock to a donor advised fund.

Summary

• Kevin J. O'Connor, a director at Procore Technologies, donated 14,100 shares of common stock to a donor advised fund on December 2, 2024.
• The shares were donated from the Kevin J. O'Connor Revocable Trust U/A DTD 06-13-19.
• Following the transaction, Mr. O'Connor directly owns 13,583 shares and indirectly owns 1,315,980 shares through the trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing for a stock donation, and does not indicate any positive or negative sentiment.

Industry Context

This is a standard Form 4 filing, which is common for corporate insiders when they make transactions involving their company's stock. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The donation of shares to a donor advised fund is a common practice for individuals with significant holdings, and this transaction is consistent with such activities.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a donation and not a sale of shares on the open market.

Key Dates

Keywords

Procore Technologies, PCOR, Kevin J. O'Connor, stock donation, Form 4, insider transaction, director, donor advised fund