Form 4: Procore Technologies Executive Steven Scott Davis Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Steven Scott Davis, President of Product & Technology at Procore Technologies, reported the acquisition and disposal of common stock and restricted stock units.
Summary
- On March 29, 2024, Steven Scott Davis, President of Product & Technology at Procore Technologies, reported changes in beneficial ownership.
- Davis acquired 59,514 shares of common stock at $0 and disposed of 227,503 shares.
- Following these transactions, Davis beneficially owns 227,503 shares of common stock.
- The reported transactions also involve restricted stock units (RSUs) that vest quarterly, starting from February 20, 2024, subject to continued service.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for executives of publicly traded companies.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/29/2024 | Date of transaction for common stock acquisition and disposal |
| 02/20/2024 | Vesting commencement date for restricted stock units |
| 04/02/2024 | Date of signature for the report |
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