Form 4: Procore Technologies Executive Ceases Insider Status

Procore Technologies, Inc. reports that Chief Revenue Officer Lawrence Joseph Stack's insider status terminated on March 31, 2026, ending his Section 16 reporting obligations.

Summary

• Lawrence Joseph Stack, Chief Revenue Officer at Procore Technologies, Inc., has ceased to be an insider as of March 31, 2026.
• This termination of insider status means he is no longer subject to Section 16 of the Securities Exchange Act of 1934 and its associated reporting requirements.
• The filing indicates that Stack beneficially owned 179,285 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it pertains to a procedural change in reporting status for an executive and does not offer insights into the company's financial health or strategic direction.

Positives

• The reporting person has fulfilled their disclosure obligations up to the termination date.
• The company has maintained compliance with SEC reporting requirements regarding insider status changes.

Negatives

• The filing does not contain any negative financial or operational information.

Risks

• No specific risks are detailed in this filing, as it pertains to a change in reporting status rather than operational or financial performance.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance. It solely addresses a change in an executive's reporting status.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions and changes in beneficial ownership. The termination of insider status for a key executive like a Chief Revenue Officer is a procedural event, not typically indicative of company performance or strategy.

Management Changes

Stakeholder Impact

• Shareholders: No direct impact on share price or company operations is indicated by this filing. It is a routine disclosure.
• Employees: No direct impact on employees is indicated.
• Management: Reflects a change in reporting obligations for a senior executive.

Next Steps

• The reporting person will no longer be required to file Form 4 or Form 5 reports with the SEC.

Key Dates

Keywords

Procore Technologies, PCOR, Form 4, Insider Status, Section 16, Beneficial Ownership, Chief Revenue Officer, SEC Filing