Procore (PCOR) exec has 13K shares withheld for tax bill
Rhea-AI Filing Summary
PROCORE TECHNOLOGIES, INC. (PCOR) reported an insider tax-related share disposition by executive Steven Scott Davis, President Product & Technology. On August 20, 2026, Davis had 13,267 shares of common stock withheld by the company to satisfy a tax obligation arising from vested restricted stock units. After this withholding, he directly held 277,282 shares of PROCORE common stock.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 13,267 shares
Net Sell
1 txn
Insider
Davis Steven Scott
Role
President Product & Technology
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 13,267 | $62.92 | $835K |
Holdings After Transaction:
Common Stock — 277,282 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld by the Issuer to satisfy a tax obligation realized by the Reporting Person upon the vesting of restricted stock units.
Key Figures
Shares withheld: 13,267 shares
Reference price per share: $62.92 per share
Shares held after transaction: 277,282 shares
3 metrics
Shares withheld
13,267 shares
Shares of common stock withheld on August 20, 2026 to satisfy tax obligation
Reference price per share
$62.92 per share
Value used for the tax-withholding disposition of 13,267 shares
Shares held after transaction
277,282 shares
Direct holdings of Steven Scott Davis in PROCORE common stock after the transaction
Key Terms
restricted stock units, withheld, tax obligation, Code F
4 terms
restricted stock units financial
"upon the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withheld financial
"Represents shares withheld by the Issuer to satisfy a tax obligation"
tax obligation financial
"to satisfy a tax obligation realized by the Reporting Person"
Code F financial
"transaction code F indicates payment of tax liability"
FAQ
What insider transaction did PCOR disclose for Steven Scott Davis?
PCOR disclosed that Steven Scott Davis, President Product & Technology, had 13,267 shares of common stock withheld on August 20, 2026 to cover a tax obligation triggered by the vesting of restricted stock units.
Was the PROCORE (PCOR) insider transaction under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not checked, and there is no footnote indicating that the transaction was made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.
What does transaction code F mean in the PROCORE (PCOR) Form 4?
Transaction code F indicates payment of a tax liability by delivering or withholding securities. In this case, PROCORE withheld 13,267 shares from Steven Scott Davis upon the vesting of restricted stock units to cover his tax obligation.
AI-generated analysis. How Rhea-AI works. Not financial advice.