Form 4: Procore Technologies Director Kevin J. O'Connor Sells Shares Under 10b5-1 Plan

Director Kevin J. O'Connor of Procore Technologies sold shares of common stock on April 9 and 10, 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 April 9 and 10, 2025.
• The sales were executed under a pre-arranged 10b5-1 trading plan established on November 21, 2024.
• On April 9, 2025, O'Connor sold 6,645 shares at an average price of $56.58 and 1,055 shares at an average price of $57.25.
• On April 10, 2025, O'Connor sold 5,334 shares at an average price of $60.35 and 2,358 shares at an average price of $61.07.
• Following these transactions, O'Connor directly owns 13,583 shares and indirectly owns 1,200,592 shares through the Kevin J. O'Connor Revocable Trust U/A DTD 06-13-19.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating insider trading activity. The sentiment is neutral as it simply reports transactions.

Industry Context

Insider sales are a common occurrence, and sales under a 10b5-1 plan are generally viewed as less impactful since they are pre-planned and not based on current inside information.

Stakeholder Impact

• The stock sales by a director could have a minor negative impact on shareholder sentiment, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

Form 4, Insider Trading, Stock Sale, Kevin J. O'Connor, Procore Technologies, PCOR, 10b5-1 plan, Director