Form 4: Procore Technologies SVP, Corporate Controller, William Fred Fleming Jr., Reports Acquisition of 19,407 Shares of Common Stock

William Fred Fleming Jr., SVP, Corporate Controller at Procore Technologies, reports acquiring 19,407 shares of common stock on March 31, 2025, through the settlement of restricted stock units.

Summary

• On March 31, 2025, William Fred Fleming Jr., SVP, Corporate Controller at Procore Technologies, acquired 19,407 shares of common stock.
• The acquisition was a result of the settlement of restricted stock units (RSUs).
• Following the transaction, Fleming directly owns 87,054 shares of Procore Technologies' common stock.
• The RSUs vest quarterly, with one-sixteenth vesting on each February 20, May 20, August 20, and November 20, starting February 20, 2025, contingent upon continued service.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard insider transaction disclosure. The acquisition of shares by an executive is generally viewed positively, but it's a routine event.

Positives

• The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The reporting person's future ownership will change as RSUs continue to vest quarterly, contingent on continued service.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• Shareholders may view the insider's stock acquisition as a positive signal.
• Employees may see it as a sign of confidence in the company's future.

Next Steps

• Continued monitoring of insider transactions to gauge executive sentiment and potential impact on stock price.

Key Dates

Keywords

Form 4, Beneficial Ownership, Insider Trading, SEC Filing, Procore Technologies, PCOR, William Fred Fleming Jr., Restricted Stock Units, RSUs, Corporate Controller