Form 4: Procore Technologies SVP, Corporate Controller William Fred Fleming Jr. Reports Tax Obligation Satisfaction via Share Withholding

William Fred Fleming Jr., SVP, Corporate Controller of Procore Technologies, reports the withholding of 4,958 common stock shares to cover a tax obligation resulting from the vesting of restricted stock units on February 20, 2025.

Summary

• On February 20, 2025, William Fred Fleming Jr., SVP, Corporate Controller at Procore Technologies, had 4,958 shares of common stock withheld to satisfy a tax obligation.
• The shares were withheld by the issuer at a price of $86.48 per share.
• Following the transaction, Fleming directly owns 67,647 shares of Procore Technologies common stock.
• Fleming has granted Benjamin Singer, Travis Shrout, and Ting Wang power of attorney to handle SEC filings related to Procore Technologies stock transactions.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This is a routine SEC filing related to insider transactions, specifically the withholding of shares to cover tax obligations upon the vesting of restricted stock units. Such filings are common and provide transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the withholding of shares from an executive's holdings to cover tax obligations.

Key Dates

Keywords

Form 4, SEC Filing, Procore Technologies, William Fred Fleming Jr., Tax Obligation, Share Withholding, Power of Attorney, PCOR, Insider Transaction