Form 4: Procore Technologies Insider Tax Withholding Transaction

SVP and Corporate Controller William Fred Fleming Jr. reported a routine tax-related share withholding transaction.

Summary

• William Fred Fleming Jr., SVP and Corporate Controller of Procore Technologies, Inc., disposed of 1,666 shares of common stock.
• The transaction occurred on May 20, 2026, at a price of $47.37 per share.
• The disposal was a mandatory tax withholding event related to the vesting of restricted stock units.
• Following this transaction, the reporting person maintains beneficial ownership of 111,863 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine tax-related transaction rather than a change in management sentiment or company outlook.

Positives

• The transaction was a routine administrative action to satisfy tax obligations rather than a discretionary market sale.
• The reporting person retains a significant equity stake of 111,863 shares in the company.

Negatives

• None; this is a standard regulatory disclosure for tax withholding.

Risks

• None; this filing relates to internal tax compliance and does not reflect operational or market risks.

Future Outlook

Not applicable; this is a historical transaction report.

Industry Context

StockSavvy.ai notes that this filing is a standard administrative disclosure common in the technology sector, where equity-based compensation is a primary component of executive remuneration packages.

Comparison to Industry Standards

• The transaction aligns with standard corporate governance practices for handling tax obligations upon the vesting of equity awards.

Stakeholder Impact

• Minimal impact on shareholders as the transaction was a non-discretionary tax withholding.

Next Steps

• None; this is a completed transaction report.

Key Dates

Keywords

Procore Technologies, PCOR, Form 4, Insider Trading, Tax Withholding, Equity Compensation