Procore (PCOR) Form 144 Filed for 796-Share Sale via Morgan Stanley

Rhea-AI Filing Summary

Procore Technologies (PCOR) Form 144 notice reports proposed and recent sales of common stock by an individual. The filing shows a proposed sale of 796 common shares through Morgan Stanley Smith Barney LLC on 09/22/2025 with an aggregate market value of $56,531.92 and 150,192,801 shares outstanding. The 796 shares were acquired as restricted stock on 08/20/2025 from the issuer, with payment noted as not applicable. The filing also discloses two prior sales by the same person: 797 shares sold 08/21/2025 for $50,888.45 and 814 shares sold 07/21/2025 for $60,520.90. The seller is identified as Howard Fu with a Carpinteria, CA address. The notice includes the standard representation that the signer is not aware of undisclosed material adverse information.

Positive

• Required disclosure completed: Broker, share counts, acquisition date, and recent sales are all reported as required by Rule 144.
• Attestation included: The signer represents no known undisclosed material adverse information, aligning with filing requirements.

Negative

• Relationship to issuer not specified: The filing does not state the filer’s relationship to Procore Technologies, limiting interpretability.
• No 10b5-1 plan date provided: The filing provides no date of any trading plan or instruction that would clarify trading intent or pre-clearance.

Insights

Securities Analyst

TL;DR: Insider proposes a small sale of newly acquired restricted shares; disclosed prior small sales—routine disclosure, no clear material impact.

The Form 144 reports a proposed sale of 796 shares valued at $56,531.92, acquired as restricted stock on 08/20/2025, with two recent small sales in July and August 2025. These amounts are explicitly stated in the filing and represent modest dollar volumes relative to typical public-company float, suggesting this is a routine disposition rather than a material liquidity event. The filing identifies the broker and provides seller name and address; it does not state the seller's relationship to the issuer. Based solely on the disclosed numbers, there is no evidence in the document of undisclosed material information or of large-scale insider liquidation.

Corporate Governance Expert

TL;DR: The notice meets Rule 144 disclosure requirements; absence of relationship detail limits governance interpretation.

The document fulfills Rule 144 reporting by listing broker, share counts, acquisition date, and recent sales. It explicitly notes the 796 shares were acquired as restricted stock on 08/20/2025 and will be sold through Morgan Stanley on 09/22/2025. The filing includes the required attestations about nonpublic material information. However, the filing does not specify the filer’s formal relationship to the issuer, which restricts assessment of whether these sales follow company trading policies or 10b5-1 plans. Based only on the filing content, governance implications cannot be determined beyond compliance with disclosure form fields presented.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	796	56531.92	150192801	09/22/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/20/2025	Restricted Stock	Issuer			796	08/20/2025	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
HOWARD FU 6309 Carpinteria Avenue Carpinteria CA 93013	Common	08/21/2025	797	50888.45
HOWARD FU 6309 Carpinteria Avenue Carpinteria CA 93013	Common	07/21/2025	814	60520.90

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What shares of PCOR are proposed for sale on this Form 144?

The notice proposes sale of 796 common shares through Morgan Stanley Smith Barney LLC on 09/22/2025 with an aggregate market value of $56,531.92.

When were the 796 shares acquired according to the filing?

The filing states the 796 shares were acquired as restricted stock on 08/20/2025 from the issuer.

Does the filing show any recent sales by the same person?

Yes; the filing lists two prior sales: 797 shares sold on 08/21/2025 for $50,888.45 and 814 shares sold on 07/21/2025 for $60,520.90.

Who is identified as the seller in this Form 144?

The filing identifies the seller as Howard Fu with an address in Carpinteria, California.

Which broker is handling the proposed sale?

The broker listed is Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, 8th Floor, New York, NY 10004.