Form 4: Procore Technologies Executive Reports Stock Transactions

Benjamin C. Singer, Chief Legal Officer and Secretary of Procore Technologies, Inc., reported transactions involving restricted stock units.

Summary

• Benjamin C. Singer, Chief Legal Officer and Secretary of Procore Technologies, Inc., reported a transaction on March 31, 2026.
• The transaction involved the acquisition of 41,545 shares of common stock.
• These shares were acquired upon the settlement of restricted stock units (RSUs).
• The acquisition was valued at $0, indicating it was part of a vesting or grant.
• Following this transaction, Mr. Singer beneficially owns 106,205 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine disclosure of executive stock unit settlement and does not inherently signal positive or negative company performance.

Positives

• The acquisition of 41,545 shares of common stock through RSUs indicates continued equity participation by a key executive.
• The executive's beneficial ownership of 106,205 shares suggests a significant stake in the company.

Future Outlook

The filing details the vesting schedule for RSUs, with one-twelfth vesting quarterly starting from February 20, 2026, subject to continued service.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive compensation and equity holdings within the software and technology sector.

Stakeholder Impact

• Shareholders: Increased transparency into executive equity holdings and compensation structures.
• Employees: RSUs are a common form of executive compensation, indicating alignment of executive interests with shareholder value.
• Management: Confirms continued equity participation by a key executive officer.

Next Steps

• Continued vesting of RSUs on a quarterly basis as per the schedule.
• Ongoing reporting of any future changes in beneficial ownership.

Key Dates

Keywords

Procore Technologies, PCOR, Form 4, Insider Trading, Restricted Stock Units, RSUs, Stock Transaction, Executive Compensation, Beneficial Ownership