Form 4: Procore Technologies SVP, Corporate Controller, William Fred Fleming Jr., Reports Stock Sale to Cover Tax Obligations
SEC Form 4 Filing
William Fred Fleming Jr., SVP, Corporate Controller of Procore Technologies, sold 3,188 shares of common stock on May 22, 2024, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On May 22, 2024, William Fred Fleming Jr., SVP, Corporate Controller of Procore Technologies, sold 3,188 shares of common stock at a weighted average price of $70.17.
- The sale was mandated by Procore's equity incentive plan to cover tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Fleming directly owns 87,248 shares of Procore Technologies, which includes 253 shares purchased through the employee stock purchase plan on May 15, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations and doesn't indicate a change in the executive's confidence in the company.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This particular filing indicates a sale of shares to cover tax obligations, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Reporting person purchased 253 shares through the Issuer's employee stock purchase plan. |
| 05/22/2024 | Date of the stock sale transaction. |
| 05/24/2024 | Date of the signature on the Form 4 filing. |
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