Procore Technologies Form 144 shows ongoing insider share disposals

Rhea-AI Filing Summary

Procore Technologies, Inc. (ticker PCOR) has filed a Form 144 indicating that insider Howard Fu intends to sell 796 common shares through Morgan Stanley Smith Barney on or about 20 June 2025. The proposed sale is valued at approximately $53,236, based on recent market prices, and represents an immaterial 0.0005 % of the company’s 149.2 million shares outstanding.

The filing also discloses a pattern of recent insider sales by the same individual. Over the past three months Mr. Fu has executed seven separate transactions totaling 4,940 shares for aggregate gross proceeds of roughly $318,000. Combined with the newly proposed sale, cumulative dispositions reach 5,736 shares or about $371,000 in value.

All shares being sold were acquired as restricted stock on 20 May 2025 directly from the issuer. No gifts or special payment terms were noted. The filing contains the customary certification that the seller is not in possession of material non-public information.

While the absolute dollar amounts are modest relative to Procore’s market capitalization, continuing insider sales may draw investor attention to executive sentiment. No fundamental financial or operational data were provided in this notice.

Positive

• None.

Negative

• Continued insider selling: Howard Fu has sold or intends to sell a total of 5,736 shares (~$371k) within three months, which may be viewed cautiously by investors even though the amount is small relative to float.

Insights

Insider-Trading Analyst

TL;DR – Minor insider sale of 796 PCOR shares; continuation of small but steady selling trend, unlikely to move the stock.

The Form 144 shows Howard Fu adding another 796 shares (~$53k) to the 4,940 shares already sold since March. In percentage terms the disposal is de minimis versus 149 million shares outstanding, so liquidity and float are unaffected. However, the repeated pattern over a short window may signal personal diversification or tax-planning rather than confidence in near-term upside. There is no indication of 10b5-1 plan adoption, though that field is optional. Because no earnings or strategic data accompany the filing, I classify the event as neutral for valuation. Investors typically monitor insider selling volumes above 1 % of float or clustered multi-executive sales; this filing is far below that threshold.

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	53236.48	149169227	06/20/2025	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	05/20/2025	Restricted Stock	ISSUER			796	05/20/2025	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	05/21/2025	797	54985.03
HOWARD FU 6309 Carpinteria Avenue Carpinteria CA 93013	Common	04/23/2025	527	31630.54
HOWARD FU 6309 Carpinteria Avenue Carpinteria CA 93013	Common	04/23/2025	953	57199.06
HOWARD FU 6309 Carpinteria Avenue Carpinteria CA 93013	Common	04/14/2025	409	25088.06
HOWARD FU 6309 Carpinteria Avenue Carpinteria CA 93013	Common	04/14/2025	807	49501.38
HOWARD FU 6309 Carpinteria Avenue Carpinteria CA 93013	Common	03/21/2025	932	64112.28
HOWARD FU 6309 Carpinteria Avenue Carpinteria CA 93013	Common	03/21/2025	515	35426.85

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

How many Procore (PCOR) shares does Howard Fu plan to sell under this Form 144?

He plans to sell 796 common shares.

What is the estimated market value of the shares being sold?

The filing lists an aggregate market value of approximately $53,236.

When is the anticipated sale date for the 796 shares?

The approximate sale date disclosed is 20 June 2025.

How many shares has the same insider sold in the past three months?

Howard Fu has sold 4,940 shares in seven transactions between March and May 2025.

What percentage of Procore’s outstanding shares does the new sale represent?

Roughly 0.0005 % of the company’s 149 million shares outstanding.