PCOR Form 3 Filed: Gopal Ajei Listed as Director and CEO Designate with No Holdings

Rhea-AI Filing Summary

Gopal Ajei filed an initial Form 3 on 09/22/2025 reporting his relationship with Procore Technologies, Inc. (PCOR) as a Director and CEO Designate. The filing shows zero shares of common stock beneficially owned and no derivative securities reported. The form was signed by an attorney-in-fact on behalf of the reporting person.

Positive

• Disclosure of role: The filing clearly identifies Gopal Ajei as a Director and CEO Designate of Procore Technologies, satisfying Section 16 reporting requirements.
• Timely Form 3: Filing on 09/22/2025 provides the required initial public disclosure of the reporting person's status.

Negative

• No disclosed ownership: The report shows 0 shares of common stock and no derivatives, so there is no disclosed insider equity alignment with shareholders.
• No explanatory remarks: The filing contains no remarks or details about future equity grants or compensation arrangements.

Insights

Financial Analyst

TL;DR: Initial disclosure shows leadership appointment but no equity stake, so immediate market impact is likely neutral.

The Form 3 documents the reporting person’s roles and a lack of direct equity holdings as of the filing date. From a financial perspective, the absence of common stock or derivative positions means there is no disclosed insider alignment via share ownership to assess; this limits interpretation of founder/exec incentives or potential near-term insider transactions. The filing is routine for a newly reportable officer/director.

Corporate Governance Expert

TL;DR: Disclosure confirms new reportable status (director and CEO designate) but reports no beneficial ownership, raising governance questions about alignment.

As an initial Section 16 filing, the Form 3 fulfills statutory disclosure requirements by identifying role and contact details. The explicit reporting of zero shares is notable from a governance standpoint because executives without disclosed ownership may prompt investor questions about alignment and incentive structures. The form contains no additional explanatory remarks or granted equity details.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Gopal Ajei

(Last) (First) (Middle)

C/O PROCORE TECHNOLOGIES INC.

6309 CARPINTERIA AVENUE

(Street)

CARPINTERIA CA 93013

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/22/2025

3. Issuer Name and Ticker or Trading Symbol
PROCORE TECHNOLOGIES, INC. [ PCOR ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO Designate

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	0	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Benjamin C. Singer, Attorney-in-Fact	09/22/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the Form 3 filed by Gopal Ajei for PCOR disclose?

The Form 3 discloses that Gopal Ajei is a Director and CEO Designate of Procore Technologies (PCOR) and reports 0 shares of common stock and no derivative securities.

When was the Form 3 filed for PCOR reporting person Gopal Ajei?

The event date on the Form 3 is 09/22/2025, and the form is signed on that date.

Does the Form 3 show any stock options or other derivative securities for Gopal Ajei?

No. Table II of the Form 3 reports no derivative securities and no underlying amounts or exercise prices.

Who signed the Form 3 submitted for Gopal Ajei?

The Form 3 is signed by /s/ Benjamin C. Singer, Attorney-in-Fact on 09/22/2025.

Does the filing explain why there are zero shares reported?

No. The filing contains no remarks or explanation for the reported 0 shares.