Form 4: Procore Technologies Director Nanci Caldwell Reports Stock Transactions

Director Nanci Caldwell reported the acquisition of 2,887 shares of common stock through restricted stock units and the sale of 1,787 shares at $65.68 each.

Summary

• Nanci Caldwell, a director at Procore Technologies, reported transactions involving the company's common stock.
• On June 6, 2024, Caldwell acquired 2,887 shares of common stock through the settlement of restricted stock units (RSUs) at a price of $0.
• These RSUs vest fully on the date of Procore's 2025 annual meeting of stockholders, contingent upon continued service.
• Caldwell has elected to defer receipt of the common stock until either 90 days after termination of service or a change in control.
• On June 10, 2024, Caldwell sold 1,787 shares of common stock at a price of $65.68 per share.
• The sale was executed under a pre-arranged 10b5-1 trading plan established on September 11, 2023.
• Following these transactions, Caldwell directly owns 56,110 shares of Procore Technologies common stock.

Sentiment

Score: 5

Explanation: The document simply reports stock transactions, so the sentiment is neutral.

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

This Form 4 filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership.

Key Dates