Form 4: Procore Technologies Director Kevin J. O'Connor Sells Shares
SEC Form 4 Filing
Director Kevin J. O'Connor sold shares of Procore Technologies (PCOR) on May 14 and 15, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- Kevin J. O'Connor, a director at Procore Technologies, sold shares of the company's common stock on May 14 and 15, 2025.
- The sales were executed under a pre-arranged 10b5-1 trading plan established on November 21, 2024.
- On May 14, 2025, 7,692 shares were sold at a weighted average price of $72.16, with individual prices ranging from $71.79 to $72.54.
- On May 15, 2025, two transactions occurred: 6,710 shares were sold at a weighted average price of $70.67 (ranging from $70.42 to $71.32), and 982 shares were sold at a weighted average price of $71.69 (ranging from $71.42 to $71.80).
- Following these transactions, O'Connor directly owns 13,583 shares and indirectly owns 1,185,208 shares through the Kevin J. O'Connor Revocable Trust U/A DTD 06-13-19.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency to investors regarding the transactions of company insiders.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 06-13-19 | Date of the Kevin J. O'Connor Revocable Trust U/A DTD. |
| 11/21/2024 | Date of the 10b5-1 plan. |
| 05/14/2025 | Date of first reported transaction (sale of 7,692 shares). |
| 05/15/2025 | Date of second and third reported transactions (sale of 6,710 and 982 shares). |
| 05/16/2025 | Date of signature on the Form 4 filing. |
Keywords
Procore Technologies, PCOR, Kevin J. O'Connor, Form 4, insider trading, 10b5-1 plan, share sale, director
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