Form 4: Procore Technologies Executive Sells Shares

Procore Technologies President of Product & Technology, Steven Scott Davis, reported a disposition of 114,248 shares of common stock.

Summary

• Steven Scott Davis, President of Product & Technology at Procore Technologies, Inc., reported a transaction on March 31, 2026.
• The transaction involved the disposition of 114,248 shares of common stock.
• These shares were issued upon the settlement of restricted stock units (RSUs).
• The disposition was made at a price of $0.
• Following this transaction, Mr. Davis beneficially owns 303,816 shares of common stock.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a neutral to slightly negative event due to the significant number of shares disposed of by a key executive, although it is likely related to RSU vesting.

Negatives

• An executive disposed of a significant number of shares (114,248).

Future Outlook

The filing does not contain forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that insider selling, particularly of RSUs, is a common event for executives as they vest. The significance lies in the quantity and the executive's role.

Stakeholder Impact

• Shareholders may view the disposition of a large number of shares by a key executive with some concern, although it is a standard RSU settlement.

Next Steps

• The RSUs vest quarterly, with one-twelfth vesting on February 20, May 20, August 20, and November 20, subject to continued service.

Key Dates

Keywords

Procore Technologies, PCOR, Form 4, Insider Transaction, Stock Disposition, Restricted Stock Units, Steven Scott Davis