Elisa Steele - Jun 6, 2024 Form 4 Insider Report for PROCORE TECHNOLOGIES, INC. (PCOR)

Role
Director
Signature
/s/ Benjamin C. Singer, Attorney-in-Fact
Stock symbol
PCOR
Transactions as of
Jun 6, 2024
Transactions value $
-$117,370
Form type
4
Date filed
6/10/2024, 08:00 PM
Previous filing
Jun 7, 2024
Next filing
Jun 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCOR Common Stock Award $0 +2.89K +5.25% $0.00 57.9K Jun 6, 2024 Direct F1
transaction PCOR Common Stock Sale -$117K -1.79K -3.09% $65.68 56.1K Jun 10, 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents shares of common stock issuable upon the settlement of restricted stock units ("RSUs"). 100% of the RSUs vest on the date of the issuer's 2025 annual meeting of stockholders (or the date immediately preceding such date if the Reporting Person's service as a director ends at such annual meeting as a result of the Reporting Person's failure to be re-elected or the Reporting Person not standing for re-election), subject to the Reporting Person's continued service through such vesting date. The Reporting Person has elected to defer the receipt of common stock upon the vesting of the RSUs until the earlier of (i) the date that is ninety (90) days following the date of termination of service, and (ii) the date of a change in control.
F2 Shares sold pursuant to a 10b5-1 plan dated September 14, 2023.