PCOR insider Courtemanche reports 300,000-share option exercise, sale
Rhea-AI Filing Summary
Procore Technologies, Inc. (PCOR) chairman and director Craig F. Courtemanche reported several equity transactions. On 11/19/2025, he exercised a stock option and acquired 300,000 shares of common stock at an exercise price of $2.42 per share, then on the same date sold 300,000 shares of common stock at a weighted average price of $71.91, with individual sale prices ranging from $71.63 to $72.325.
On 11/20/2025, 20,673 shares were withheld by Procore to satisfy a tax obligation tied to vesting restricted stock units. After these transactions, Courtemanche directly owned 657,123 common shares, and also held substantial indirect positions through several family trusts and his spouse. He additionally held 633,916 stock options with a $2.42 exercise price, expiring on 11/10/2026, which vest over 60 equal monthly installments that began on February 5, 2016.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 20,673 | $71.74 | $1.48M |
| Exercise | Stock Option (Right to Buy) | 300,000 | $2.42 | $726K |
| Exercise | Common Stock | 300,000 | $2.42 | $726K |
| Sale | Common Stock | 300,000 | $71.91 | $21.57M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $71.63 to $72.325, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. Represents shares withheld by the Issuer to satisfy a tax obligation realized by the Reporting Person upon the vesting of restricted stock units. Includes 266 shares that were received in connection with non-reportable fund distributions These shares are held by the Craig F. Courtemanche and Hillary Courtemanche Family Trust dated as of November 1, 2012. These shares are held by the Courtemanche 2021 Irrevocable Trust UA DTD 6/10/2021. These shares are held by The Courtemanche 2016 Irrevocable Trust. The shares subject to the option vested in 60 equal monthly installments, beginning on the one month anniversary of February 5, 2016, and subject to continued service through each applicable vesting date.
FAQ
What insider transactions did Procore (PCOR) report on November 19, 2025?
On 11/19/2025, Procore chairman and director Craig F. Courtemanche exercised a stock option to acquire 300,000 common shares at $2.42 per share and sold 300,000 shares of common stock at a weighted average price of $71.91 per share.
What Procore (PCOR) stock options does the insider continue to hold?
Craig F. Courtemanche held 633,916 stock options with an exercise price of $2.42 per share, expiring on 11/10/2026. The option shares vest in 60 equal monthly installments that began on February 5, 2016, subject to continued service.
What role does the reporting person hold at Procore (PCOR)?
The reporting person, Craig F. Courtemanche, is a director and serves as Chairman of the Board of Procore Technologies, Inc.