Director O'Connor’s trust sells 15,384 Procore (PCOR) shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PROCORE TECHNOLOGIES, INC. director Kevin J. O'Connor reported indirect open-market sales of 15,384 shares of common stock. A revocable trust associated with him sold 7,528 and 164 shares on March 10 at weighted average prices of $57.23 and $58.03, and 7,692 shares on March 11 at $57.48. These transactions were executed under a pre-arranged Rule 10b5-1 trading plan dated November 21, 2024. Following the sales, the trust held 996,752 shares indirectly, and O'Connor also held 16,632 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 15,384 shares ($882,481)
Net Sell
4 txns
Insider
O CONNOR KEVIN J
Role
Director
Sold
15,384 shs ($882K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,692 | $57.48 | $442K |
| Sale | Common Stock | 7,528 | $57.23 | $431K |
| Sale | Common Stock | 164 | $58.03 | $10K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 996,752 shares (Indirect, See Footnote);
Common Stock — 16,632 shares (Direct)
Footnotes (1)
- These shares sold pursuant to a 10b5-1 plan dated November 21, 2024. The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $56.84 to $57.83, 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. These shares are held by the Kevin J. O'Connor Revocable Trust U/A DTD 06-13-19. The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $57.85 to $58.295, 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. The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $57.05 to $57.75, 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.
FAQ
What insider transaction did Procore (PCOR) disclose for Kevin J. O'Connor?
Procore disclosed that a revocable trust associated with director Kevin J. O'Connor sold 15,384 shares of common stock in open-market transactions. The sales occurred on March 10 and 11, 2026, at weighted average prices around the high-$50 range.
Were Kevin J. O'Connor’s Procore (PCOR) stock sales pre-planned under Rule 10b5-1?
Yes. The filing states these shares were sold pursuant to a Rule 10b5-1 trading plan dated November 21, 2024. Such plans allow insiders to schedule trades in advance, helping separate routine diversification from opportunistic timing decisions.
What proportion of Kevin J. O'Connor’s Procore (PCOR) holdings was sold in this Form 4?
The filing shows sales of 15,384 shares against post-transaction holdings of 996,752 indirect shares plus 16,632 direct shares. This indicates only a small portion of his disclosed Procore position was sold in these transactions.