Procore CEO has 2,986 shares withheld for taxes
PROCORE TECHNOLOGIES, INC.
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Rhea-AI Filing Summary
PROCORE TECHNOLOGIES, INC. CEO and President Ajei Gopal reported a routine tax-related share disposition. On the vesting of restricted stock units, the company withheld 2,986 shares of Common Stock at $47.37 per share to cover his tax obligation.
These shares were not sold in the open market; they were retained by the issuer to satisfy taxes owed on equity compensation. Following this withholding, Gopal directly holds 553,434 shares of Procore common stock, indicating the transaction is small relative to his overall position.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,986 | $47.37 | $141K |
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
Key Terms
restricted stock units financial
tax obligation financial
withheld by the Issuer financial
FAQ
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What insider transaction did Procore (PCOR) CEO Ajei Gopal report?
Was Ajei Gopal’s Procore (PCOR) transaction an open-market sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.