Director Vishal Misra receives 10,020 RSUs at PROCORE (NYSE: PCOR)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PROCORE TECHNOLOGIES, INC. director Vishal Misra reported an award of 10,020 shares of common stock in the form of restricted stock units (RSUs). These RSUs carry no cash exercise price.
According to the vesting terms, one-third of the underlying shares will vest annually on the anniversary of February 20, 2026, with the first vesting date on February 20, 2027, subject to his continued service. Following this grant, he is shown as beneficially owning 10,020 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Misra Vishal
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,020 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 10,020 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 10,020 shares
Price per share: $0.0000
Post-transaction holdings: 10,020 shares
+3 more
6 metrics
RSU grant size
10,020 shares
Restricted stock units awarded to director on Form 4
Price per share
$0.0000
Reported transaction price for RSU award
Post-transaction holdings
10,020 shares
Total common stock beneficially owned directly after grant
Vesting commencement date
February 20, 2026
Date from which annual RSU vesting anniversaries are measured
First vesting date
February 20, 2027
First one-third of RSUs scheduled to vest, subject to service
Vesting schedule
1/3 annually over 3 years
One-third of RSUs vests each year after commencement date
Key Terms
restricted stock units ("RSUs"), vesting, Vesting Commencement Date, continued service
4 terms
restricted stock units ("RSUs") financial
"Represents shares of common stock issuable upon the settlement of restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
vesting financial
"One-third (1/3rd) of the shares underlying the RSUs will vest annually on the anniversary"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Vesting Commencement Date financial
"anniversary of February 20, 2026 (the "Vesting Commencement Date"), with the first vesting date"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
continued service financial
"with the first vesting date being February 20, 2027, subject to the Reporting Person's continued service."
FAQ
What did PROCORE TECHNOLOGIES (PCOR) director Vishal Misra report on this Form 4?
Vishal Misra reported receiving 10,020 shares of PROCORE common stock as a restricted stock unit award. The transaction is coded as an acquisition (A), reflecting a grant or award, not an open-market purchase, and increases his directly held beneficial ownership to 10,020 shares.
Is the PCOR Form 4 transaction a stock purchase or a compensation grant?
The Form 4 shows a compensation grant, not a market purchase. Transaction code A and a zero dollar per-share price indicate 10,020 shares were awarded as restricted stock units, representing equity-based compensation for service rather than shares bought in the open market.
How do the 10,020 RSUs granted to Vishal Misra vest at PROCORE TECHNOLOGIES?
The 10,020 RSUs vest in three equal annual installments. One-third of the shares will vest each year on the anniversary of February 20, 2026, starting February 20, 2027, and each vesting is conditioned on Vishal Misra’s continued service with PROCORE TECHNOLOGIES.
Does PROCORE TECHNOLOGIES receive any cash from this Form 4 RSU award?
The company does not receive cash from this RSU award. The reported transaction price per share is $0.0000, which means the 10,020 shares were granted as equity compensation, not sold for cash consideration in the market or as part of a financing transaction.