Form 4: Procore Technologies Executive Reports Stock Transactions
Statement of Changes in Beneficial Ownership
William Fred Fleming Jr., SVP Corporate Controller at Procore Technologies, Inc., reported transactions involving restricted stock units.
Summary
- William Fred Fleming Jr., SVP, Corporate Controller of Procore Technologies, Inc., has reported transactions related to restricted stock units (RSUs).
- On March 31, 2026, 19,474 shares of common stock were acquired upon the settlement of RSUs, with no cost associated.
- Additionally, 17,311 shares of common stock were acquired on the same date, also related to RSUs, with no cost.
- Following these transactions, Fleming beneficially owns 95,887 shares directly and 113,198 shares directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it represents routine equity compensation settlement by an executive and does not indicate significant buying or selling activity that would signal a strong market sentiment.
Positives
- The reporting person acquired a significant number of shares through the settlement of RSUs, indicating equity-based compensation.
- The acquisition of shares occurred at a price of $0, suggesting these were vested equity awards.
Future Outlook
The filing details the vesting schedules for restricted stock units, indicating future potential share issuances based on continued service.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive equity holdings and movements within publicly traded companies.
Stakeholder Impact
- Shareholders: Increased transparency into executive equity holdings and potential dilution from RSU settlements.
- Employees: Reinforces the company's use of equity-based compensation as a retention and incentive tool.
Next Steps
- Continued vesting of restricted stock units as per the outlined schedules.
- Potential future reporting of further transactions by the reporting person.
Key Dates
| Date | Description |
|---|---|
| 03/31/2026 | Transaction Date for acquisition of common stock upon settlement of RSUs. |
| 02/20/2026 | Earliest vesting commencement date for a portion of the RSUs. |
| 05/20/2026 | Vesting Commencement Date for another portion of the RSUs. |
| 04/02/2026 | Date of signature for the filing. |
Keywords
Form 4, SEC Filing, Procore Technologies, PCOR, William Fred Fleming Jr., Restricted Stock Units, RSUs, Beneficial Ownership, Stock Transaction, Insider Trading
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