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PCOR Insider Sale: CFO Fu Disposes 796 Shares via 10b5-1 Plan

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

PROCORE TECHNOLOGIES insider sale by CFO. The filing shows CFO & Treasurer Howard Fu reported the sale of 796 shares of Procore Technologies common stock on 09/22/2025 at a price of $71.02 per share under a pre-established 10b5-1 plan dated 11/15/2024. After the reported sale, Mr. Fu beneficially owns 188,661 shares, held directly. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/24/2025. The filing is a routine Section 16 disclosure of an insider sale executed via a trading plan.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Insider sale executed under a 10b5-1 plan, indicating a pre-arranged and compliant disposition.

The transaction is a sale of 796 common shares by the CFO executed under a 10b5-1 trading plan dated 11/15/2024. The use of a 10b5-1 plan typically documents that the sale followed a pre-established schedule and may reduce questions about trading on material nonpublic information. The reporting indicates direct beneficial ownership of 188,661 shares following the sale. All required Form 4 fields appear completed, and the form was signed by an attorney-in-fact, which is permissible when properly authorized.

TL;DR: This is a routine, small-scale insider sale with limited material impact on shareholders.

The sale size (796 shares) is small relative to the remaining 188,661 shares reported as beneficially owned, and the transaction price of $71.02 is provided. The filing cites the 10b5-1 plan as the method for the sale, which supports procedural compliance. No amendments, option exercises, or derivative transactions are reported. Based on the disclosure alone, the event is procedural rather than strategic.

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).
1. Name and Address of Reporting Person*
Fu Howard

(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)
CFO & Treasurer
3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025
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 09/22/2025 S 796(1) D $71.02 188,661 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 November 15, 2024.
Remarks:
/s/ Benjamin C. Singer, Attorney-in-Fact 09/24/2025
** 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.
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 did PROCORE (PCOR) insider Howard Fu sell?

He sold 796 shares of Procore Technologies common stock at $71.02 per share on 09/22/2025.

Was the sale by Howard Fu part of a trading plan?

Yes. The filing states the shares were sold pursuant to a 10b5-1 plan dated 11/15/2024.

How many shares does Howard Fu own after the sale?

Following the reported transaction, he beneficially owns 188,661 shares held directly.

Who signed the Form 4 for this transaction?

The Form 4 was signed by Benjamin C. Singer, Attorney-in-Fact on 09/24/2025.

Does the Form 4 show any derivative transactions or option exercises?

No. Table II for derivative securities contains no transactions; only a non-derivative sale is reported.
Procore Technologies Inc

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11.94B
141.79M
8.76%
94.45%
6.81%
Software - Application
Services-prepackaged Software
Link
United States
CARPINTERIA