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Procore chair plans stock sale after option exercise

PROCORE TECHNOLOGIES, INC.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

PROCORE TECHNOLOGIES, INC. (PCOR) director and chairman of the board Craig F. Courtemanche filed a notice under Rule 144 indicating an intent to sell common stock through Morgan Stanley Smith Barney LLC after a planned stock option exercise on September 10, 2026.

The notice lists Procore common stock traded on the NYSE and reports that 151,955,338 shares of this class were outstanding as of September 10, 2026. It also discloses prior Rule 144 sales of Procore common stock by Courtemanche during July and August 2026.

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Shares outstanding 151,955,338 shares Common stock of Procore Technologies, Inc. outstanding as of September 10, 2026
Prior sale value August 10, 2026 $3,205,430.48 Reported value of Procore common stock sold by Craig F. Courtemanche Jr. on August 10, 2026
Prior sale value July 10, 2026 $2,463,301.21 Reported value of Procore common stock sold by Craig F. Courtemanche Jr. on July 10, 2026
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
stock option exercise financial
"Common | 09/10/2026 | Stock Option Exercise | Issuer"
A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.
aggregate market value financial
"56122 | 3001511.19 | 151955338 | 09/10/2026 | NYSE"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing mean for PROCORE TECHNOLOGIES, INC. (PCOR)?

The filing shows that director and chairman Craig F. Courtemanche has notified regulators of an intended sale of Procore common stock under Rule 144, following a planned stock option exercise on September 10, 2026. It is a required notice of a proposed sale, not a confirmation of execution.

Who is the insider planning to sell PCOR shares under this Form 144?

The notice is for Craig F. Courtemanche, who is identified as a director and chairman of the board of PROCORE TECHNOLOGIES, INC. The securities to be sold are shares of the company’s common stock.

What type of PCOR transaction is described in this Form 144?

The filing describes a planned sale of common stock in connection with a stock option exercise on September 10, 2026, with the issuer as the option counterparty and cash listed as the form of payment for the exercise.

Which broker is listed for the planned PCOR stock sale?

The Rule 144 notice lists Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, as the broker handling the proposed sale of Procore Technologies, Inc. common stock.

How many PCOR shares were outstanding according to the Form 144?

The notice reports that 151,955,338 shares of Procore Technologies, Inc. common stock were outstanding as of September 10, 2026. This figure is a baseline share count, not the amount being sold.

What prior PCOR sales by Craig F. Courtemanche are disclosed in this filing?

The Form 144 lists earlier sales of Procore common stock for Craig F. Courtemanche Jr. on July 10, 2026 and August 10, 2026, with each entry showing a reported transaction value for those sales.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

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