Form 4: Procore Technologies Executive Sells Shares Under 10b5-1 Plan
SEC Form 4
Steven Scott Davis, President of Product & Technology at Procore Technologies, sold 7,641 shares of common stock at $65 per share on June 28, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On June 28, 2024, Steven Scott Davis, the President of Product & Technology at Procore Technologies, sold 7,641 shares of the company's common stock.
- The sale was executed at a price of $65 per share.
- The transaction was conducted under a pre-arranged 10b5-1 trading plan established on March 15, 2024.
- Following the transaction, Davis directly owns 209,837 shares of Procore Technologies.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged plan and doesn't inherently indicate positive or negative performance for the company.
Industry Context
Sales by company executives are a normal part of corporate activity. The use of a 10b5-1 plan indicates that the sales were pre-planned and not based on any inside information.
Key Dates
| Date | Description |
|---|---|
| March 15, 2024 | Date of the 10b5-1 plan |
| June 28, 2024 | Date of the stock sale transaction |
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