Procore (PCOR) director Hovsepian awarded 2,330 RSUs, holds 9,527 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HOVSEPIAN RONALD W reported acquisition or exercise transactions in this Form 4 filing.
PROCORE TECHNOLOGIES, INC. director Ronald W. Hovsepian received 2,330 shares of common stock in the form of restricted stock units as a compensation grant. The RSUs vest in full at the company’s 2027 annual meeting of stockholders, subject to his continued board service, bringing his direct holdings to 9,527 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HOVSEPIAN RONALD W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,330 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 9,527 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 2,330 shares
Grant price: $0.00 per share
Holdings after grant: 9,527 shares
+1 more
4 metrics
RSUs granted
2,330 shares
Restricted stock units granted on 2026-06-04
Grant price
$0.00 per share
Compensation grant, not open-market purchase
Holdings after grant
9,527 shares
Total common stock directly held after transaction
Vesting date
2027 annual meeting
100% of RSUs vest at 2027 annual stockholder meeting
Key Terms
restricted stock units, RSUs, annual meeting of stockholders, vesting
4 terms
restricted stock units financial
"Represents shares of common stock issuable upon the settlement of restricted stock units ("RSUs")."
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.
RSUs financial
"100% of the RSUs vest on the date of the issuer's 2027 annual meeting of stockholders"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
annual meeting of stockholders financial
"100% of the RSUs vest on the date of the issuer's 2027 annual meeting of stockholders"
vesting financial
"subject to the Reporting Person's continued service through such vesting date."
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 insider transaction did PROCORE (PCOR) director Ronald Hovsepian report?
Ronald W. Hovsepian reported receiving 2,330 shares of PROCORE common stock through a restricted stock unit grant. This is a compensation-related award, not an open-market purchase or sale, and increases his directly held common stock position.
What are the vesting terms of Ronald Hovsepian’s new PROCORE RSUs?
The 2,330 restricted stock units vest 100% on the date of PROCORE’s 2027 annual meeting of stockholders. Vesting can also occur immediately before that date if his board service ends then due to not being re-elected or not standing for re-election.
Was cash paid for Ronald Hovsepian’s PROCORE RSU grant on this Form 4?
No cash was paid for this transaction. The RSU grant is a stock-based compensation award with a reported price per share of $0.00, reflecting that it is granted rather than purchased in the open market.
Is Ronald Hovsepian’s PROCORE Form 4 transaction a buy or a sale?
The transaction is an acquisition via grant, reported under code A for "Grant, award, or other acquisition." It reflects a restricted stock unit compensation award, not an open-market buy or sell trade in PROCORE shares.