Procore CLO disposes $337k in stock in routine insider sale

Rhea-AI Filing Summary

Form 4 filing highlights – On 07/10/2025, Procore Technologies, Inc. (PCOR) Chief Legal Officer & Secretary Benjamin C. Singer sold 4,500 shares of common stock at $75.00 per share, according to a Form 4 submitted on 07/11/2025.

The transaction, coded “S,” was executed pursuant to a Rule 10b5-1 trading plan dated 08/15/2024. Following the sale, Singer directly owns 97,557 shares. No derivative securities were exercised or disposed of and no additional transactions were reported.

At the reported price, the sale represents proceeds of roughly $337,500 and a reduction of approximately 4.4 % of the officer’s previously held common-stock position (estimated at 102,057 shares before the sale). The filing discloses a routine insider transaction and does not indicate any change in Singer’s executive roles.

Positive

• Sale executed under a previously adopted Rule 10b5-1 plan, suggesting the transaction was pre-planned rather than opportunistic.

Negative

• Officer disposed of 4,500 shares (≈4.4 % of prior holdings), reducing direct ownership and generating ~$337k in proceeds.

Insights

Financial Analyst

TL;DR: Pre-planned sale of 4,500 PCOR shares by Chief Legal Officer; modest size, largely neutral for investors.

The Form 4 shows a single sale worth about $0.34 million under an established 10b5-1 plan, reducing Benjamin Singer’s stake by roughly 4 %. Because the transaction was scheduled in advance, it carries limited informational content regarding management’s outlook. No derivatives or additional equity awards were involved, and Singer still retains nearly 98 k shares, maintaining meaningful alignment with shareholders. Overall impact on valuation or sentiment should be minimal.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Singer Benjamin C

(Last) (First) (Middle)

C/O PROCORE TECHNOLOGIES, INC.

6309 CARPINTERIA AVE

(Street)

CARPINTERIA CA 93013

(City) (State) (Zip)

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer; Secretary

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2025

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/10/2025		S(1)		4,500	D	$75	97,557	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares sold pursuant to a 10b5-1 plan dated August 15, 2024.

Remarks:

	/s/ Travis Shrout, Attorney-in-Fact	07/11/2025
	** 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 4 (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.
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FAQ

How many PCOR shares did Benjamin C. Singer sell?

He sold 4,500 shares of Procore Technologies common stock.

What was the sale price reported in the Form 4?

The shares were sold at $75.00 per share.

Does the executive still own PCOR shares after the sale?

Yes. Following the transaction, Singer directly owns 97,557 PCOR shares.

Was the transaction part of a 10b5-1 trading plan?

Yes. The filing states the sale was made under a Rule 10b5-1 plan dated 08/15/2024.