Form 4: Procore Technologies Director Sells Over 15,000 Shares Under Pre-Arranged Trading Plan
Insider Transaction Report
Kevin J. O'Connor, a Director at Procore Technologies, Inc. (PCOR), sold 15,384 shares of common stock across multiple transactions in mid-June 2025, pursuant to a pre-established 10b5-1 trading plan.
Summary
- Kevin J. O'Connor, a Director of Procore Technologies, Inc. (PCOR), reported the sale of common stock.
- The sales occurred on June 17, 2025, and June 18, 2025.
- A total of 15,384 shares were sold across four separate transactions.
- These sales were executed under a Rule 10b5-1 trading plan, which was established on November 21, 2024.
- The shares were sold at weighted average prices ranging from $64.84 to $67.26 per share.
- Following these transactions, Kevin J. O'Connor beneficially owns 1,169,824 shares of Procore Technologies common stock, held indirectly through the Kevin J. O'Connor Revocable Trust U/A DTD 06-13-19.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transactions are routine sales under a pre-established 10b5-1 plan, which typically do not reflect new positive or negative information about the company.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategy.
Industry Context
This Form 4 filing reports a routine insider stock sale under a pre-arranged 10b5-1 plan, which is a common practice for corporate insiders to manage their equity holdings and avoid accusations of trading on material non-public information. Such sales are generally not indicative of management's sentiment about the company's future prospects, unlike open market sales not under a plan.
Related Party Transactions
- The reported transactions involve the sale of common stock by Kevin J. O'Connor, a Director of Procore Technologies, Inc., which constitutes an insider transaction.
Stakeholder Impact
- Shareholders: The sale of shares by a director slightly increases the float but is generally not seen as a significant event given it's a pre-planned transaction. It does not imply a lack of confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| 2024-11-21 | Date the 10b5-1 trading plan was established. |
| 2025-06-17 | Date of first two reported stock sales. |
| 2025-06-18 | Date of last two reported stock sales. |
| 2025-06-20 | Date the Form 4 filing was signed. |
Keywords
Procore Technologies, PCOR, Kevin J. O'Connor, Director, SEC Form 4, Insider Sale, Stock Transaction, 10b5-1 Plan, Equity Sales
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.