Form 4: Procore Technologies SVP, Corporate Controller, William Fred Fleming Jr., Reports Stock Transactions
SEC Form 4 Filing
William Fred Fleming Jr., SVP, Corporate Controller at Procore Technologies, reports the exercise of stock options and subsequent sale of shares.
Summary
- On November 6, 2024, William Fred Fleming Jr., SVP, Corporate Controller at Procore Technologies, exercised stock options to acquire 10,964 shares of common stock at a price of $12.22 per share.
- Following the exercise, Fleming sold 15,000 shares of common stock at a weighted average price of $70.75, with prices ranging from $70.71 to $70.89.
- After these transactions, Fleming directly owns 75,120 shares of Procore Technologies common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock transactions. The transactions themselves don't necessarily indicate a positive or negative outlook.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the buying and selling activities of company executives. It allows investors to monitor management's perspective on the company's stock.
Stakeholder Impact
- Shareholders can use this information to understand insider sentiment and potential motivations.
Key Dates
| Date | Description |
|---|---|
| 06/04/2019 | 1/4th of the shares subject to the option vested |
| 11/06/2024 | Earliest transaction date: Exercise of stock options and sale of shares. |
| 11/08/2024 | Date of signature on the Form 4 filing. |
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