Procore (PCOR) Form 144: 1,036 Restricted Shares Proposed Sale
Rhea-AI Filing Summary
Form 144 filing for Procore Technologies, Inc. (PCOR) notifies the proposed sale of 1,036 shares of common stock through Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $77,700.00, with an approximate sale date of 09/23/2025. The shares were acquired as restricted stock from the issuer on 08/20/2024. The filer certifies no undisclosed material adverse information and the filing lists recent sales by Benjamin C. Singer totaling 10,095 shares sold on 07/10/2025, 07/21/2025 and 08/21/2025 for aggregate gross proceeds of $709,465.95. The notice provides broker details and confirms the nature and timing of acquisition and previous sales.
Positive
- Clear disclosure of broker, number of shares, aggregate market value, and sale date for the proposed transaction
- Acquisition origin specified as restricted stock from the issuer on 08/20/2024, providing provenance of the securities
- Recent sales quantified: prior dispositions totaling 10,095 shares and $709,465.95 in gross proceeds are fully disclosed
Negative
- None.
Insights
TL;DR: Routine insider sale notice: 1,036 restricted shares to be sold on 09/23/2025; prior insider sales of 10,095 shares raised $709,465.95.
This Form 144 is a standard regulatory notice that an insider or affiliate intends to sell 1,036 shares with an indicated aggregate market value of $77,700.00 through Morgan Stanley Smith Barney on the NYSE. The securities were acquired as restricted stock from the issuer on 08/20/2024, establishing their origin as company-issued compensation. The filing also discloses three recent sales by Benjamin C. Singer totaling 10,095 shares for $709,465.95, which may be relevant for monitoring insider disposition activity but are informational rather than indicative of new corporate developments.
TL;DR: Governance disclosure appears complete for a Rule 144 sale; acquisition as restricted stock is clearly stated and recent insider sales are disclosed.
The notice documents compliance with Rule 144 reporting by identifying the broker, sale amount, acquisition date and form of acquisition (restricted stock). The signer affirms no undisclosed material adverse information. For governance monitoring, the combined past three-month insider sales of 10,095 shares and the planned sale of 1,036 shares are quantifiable data points for tracking insider liquidity but do not by themselves allege governance issues.