Procore (PCOR) SVP exercises 3,118 options and sells 10,000 shares
Rhea-AI Filing Summary
PROCORE TECHNOLOGIES, INC. senior vice president and corporate controller William Fred Fleming Jr reported an option exercise and share sale. He exercised 3,118 stock options at an exercise price of $12.22 per share, receiving 3,118 shares of common stock, and held 7,552 options afterward under this award. On the same date, he sold 10,000 common shares at a weighted average price of $58.95 per share, with individual sale prices ranging from $58.90 to $58.965.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
3 txns
Insider
Fleming William Fred Jr
Role
SVP, Corporate Controller
Sold
10,000 shs ($590K)
Approx. gross sale proceeds
$590K
Approx. exercise cost
$38K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F2 | 3,118 | $12.22 | $38K |
| Exercise | Common Stock | 3,118 | $12.22 | $38K |
| Sale | Common Stock F1 | 10,000 | $58.95 | $590K |
Holdings After Transaction:
Stock Option (Right to Buy) — 7,552 shares (Direct);
Common Stock — 104,981 shares (Direct)
Footnotes (2)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $58.90 to $58.965, 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.
- F2. 1/4th of the shares subject to the option vested on June 04, 2019 and 1/48th of the shares subject to the option vested monthly thereafter, subject to continued service through each applicable vesting date.
Key Figures
Options exercised: 3,118 shares
Option exercise price: $12.22 per share
Shares sold: 10,000 shares
+3 more
6 metrics
Options exercised
3,118 shares
Stock options exercised into common stock on 2026-08-11
Option exercise price
$12.22 per share
Exercise price for 3,118 stock options
Shares sold
10,000 shares
Common stock sale on 2026-08-11
Weighted average sale price
$58.95 per share
Weighted average for 10,000 shares sold, prices from $58.90 to $58.965
Options remaining
7,552 options
Options under this award held after the reported exercise
Option expiration
June 17, 2028
Expiration date of the exercised stock option award
Key Terms
Stock Option (Right to Buy), weighted average price, exercise or conversion of derivative security, vesting
4 terms
Stock Option (Right to Buy) financial
"The security title is listed as Stock Option (Right to Buy)."
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
exercise or conversion of derivative security financial
"Transaction code M indicates exercise or conversion of derivative security."
vesting financial
"1/4th of the shares subject to the option vested on June 04, 2019."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What transactions did PCOR executive William Fred Fleming Jr report on this Form 4?
William Fred Fleming Jr reported exercising 3,118 stock options at $12.22 per share into common stock and selling 10,000 common shares on the same date, at a weighted average price of $58.95 per share.
What options did the Procore (PCOR) insider exercise and at what strike price?
He exercised 3,118 stock options designated as “Stock Option (Right to Buy)” at an exercise price of $12.22 per share, receiving an equal number of common shares in the transaction.
How many Procore (PCOR) stock options remain from this award after the transactions?
After exercising 3,118 options, 7,552 options from this particular award remained outstanding, with an expiration date of June 17, 2028, according to the reported holdings following the derivative transaction.
Were the Procore (PCOR) insider’s sales made at a single price or multiple prices?
The sale of 10,000 shares used a weighted average price of $58.95. A footnote states the shares were sold at multiple individual prices ranging from $58.90 to $58.965 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
