[144] Procore Technologies, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 filed for Procore Technologies, Inc. (PCOR) reports a proposed sale of 4,205 common shares through Morgan Stanley Smith Barney with an aggregate market value of $267,715.95, expected to occur on 08/21/2025 on the NYSE. The shares were acquired as restricted stock from the issuer on 08/20/2025 and payment was recorded on the same date. The filing also discloses multiple recent sales by the same person, Benjamin C. Singer, between 07/10/2025 and 07/21/2025, totaling several transactions in common stock with gross proceeds shown for each trade.

Positive

• Clear compliance with Rule 144 reporting, specifying broker, share count, value, and sale date
• Use of a major broker (Morgan Stanley Smith Barney) and NYSE listing, indicating standard execution and transparency

Negative

• No information provided about whether a Rule 10b5-1 plan governs the sale (plan adoption date not stated)
• Insider sold multiple shares in July, which could indicate ongoing disposition though amounts are modest

Insights

Securities Analyst

TL;DR: Insider intends to sell newly acquired restricted shares worth ~$268k via a broker on 08/21/2025; prior small sales occurred in July.

The filing documents a routine Rule 144 notice for the sale of 4,205 restricted common shares received from the issuer one day earlier. Using Morgan Stanley Smith Barney as broker and listing NYSE as the venue are standard for compliance and liquidity. The nearby July sales by the same individual indicate prior disposition activity but are modest in size relative to many public-company free floats. This notice provides required transparency under Rule 144 but does not include any additional material disclosures about the issuers operations or financial condition.

Corporate Governance Expert

TL;DR: The Form 144 appears compliant and procedural; no governance or regulatory red flags are evident from the filing content alone.

The document shows the sellers representation about lack of undisclosed material information and cites potential Rule 10b5-1 plan considerations, though no plan adoption date is provided. The acquisition as restricted stock on 08/20/2025 followed by a Form 144 notice suggests timing consistent with planned disposition under applicable resale rules. Without additional context on insider role, holdings concentration, or company events, the filing itself reads as a routine disclosure rather than a governance concern.

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	4205	267715.95	150192801	08/21/2025	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			4205	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
BENJAMIN C SINGER 6309 Carpinteria Avenue Carpinteria CA 93013	Common	07/21/2025	442	33150.00
BENJAMIN C SINGER 6309 Carpinteria Avenue Carpinteria CA 93013	Common	07/21/2025	890	66750.00
BENJAMIN C SINGER 6309 Carpinteria Avenue Carpinteria CA 93013	Common	07/21/2025	58	4350.00
BENJAMIN C SINGER 6309 Carpinteria Avenue Carpinteria CA 93013	Common	07/10/2025	289	21675.00
BENJAMIN C SINGER 6309 Carpinteria Avenue Carpinteria CA 93013	Common	07/10/2025	88	6600.00
BENJAMIN C SINGER 6309 Carpinteria Avenue Carpinteria CA 93013	Common	07/10/2025	203	15225.00
BENJAMIN C SINGER 6309 Carpinteria Avenue Carpinteria CA 93013	Common	07/10/2025	250	18750.00
BENJAMIN C SINGER 6309 Carpinteria Avenue Carpinteria CA 93013	Common	07/10/2025	1020	76500.00
BENJAMIN C SINGER 6309 Carpinteria Avenue Carpinteria CA 93013	Common	07/10/2025	170	12750.00
BENJAMIN C SINGER 6309 Carpinteria Avenue Carpinteria CA 93013	Common	07/10/2025	2480	186000.00

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 does the Form 144 filed for PCOR disclose?

The Form 144 discloses a proposed sale of 4,205 Procore (PCOR) common shares valued at $267,715.95, to be sold on 08/21/2025 through Morgan Stanley Smith Barney on the NYSE.

When were the shares being sold acquired?

The shares were acquired as restricted stock from the issuer on 08/20/2025, with payment recorded the same date.

Who is listed as having sold shares in the past three months?

The filing lists Benjamin C. Singer with multiple common-stock sales between 07/10/2025 and 07/21/2025, with gross proceeds shown for each transaction.

Which broker and exchange are involved in the proposed sale?

The proposed sale names Morgan Stanley Smith Barney LLC as broker and the NYSE as the exchange.

Does the filing state whether a 10b5-1 trading plan applies?

No. The form references Rule 10b5-1 language but does not provide a plan adoption date or indicate that a plan governs the sale.