Form 4: Procore Technologies Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Steven Scott Davis, President of Product & Technology at Procore Technologies, sold shares to cover tax obligations arising from vesting restricted stock units.
Summary
- On May 20, 2025, Steven Scott Davis, President of Product & Technology at Procore Technologies, sold 9,520 shares of common stock to cover tax obligations.
- The sale price was $69.94 per share.
- Following the transaction, Davis directly owns 215,554 shares of Procore Technologies common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it has a neutral sentiment.
Industry Context
Sales of shares to cover tax obligations upon vesting of restricted stock units are a common practice among company executives. This transaction is a routine event and doesn't necessarily indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 05/20/2025 | Date of transaction: Sale of common stock. |
| 05/22/2025 | Date of signature by Attorney-in-Fact. |
Keywords
Form 4, Procore Technologies, PCOR, Steven Scott Davis, Insider Trading, Stock Sale, Tax Obligations, Restricted Stock Units
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