Procore (NYSE: PCOR) legal chief sells stock, withholds shares for taxes
Rhea-AI Filing Summary
PROCORE TECHNOLOGIES, INC. (PCOR) reported transactions by Chief Legal Officer and Secretary Benjamin C. Singer involving the company’s Common Stock. On August 21, 2026, he sold 3,943 shares at $63.35 per share under a Rule 10b5-1 trading plan. On August 20, 2026, 5,849 shares were withheld to satisfy tax obligations from vesting restricted stock units at a reference price of $62.92 per share.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 9,792 shares
Net Sell
2 txns
Insider
Singer Benjamin C
Role
Chief Legal Officer; Secretary
Sold
3,943 shs ($250K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F2 | 3,943 | $63.35 | $250K |
| Tax Withholding | Common Stock F1 | 5,849 | $62.92 | $368K |
Holdings After Transaction:
Common Stock — 86,931 shares (Direct)
Footnotes (2)
- F1. Represents shares withheld by the Issuer to satisfy a tax obligation realized by the Reporting Person upon the vesting of restricted stock units.
- F2. Shares sold pursuant to a 10b5-1 plan dated August 13, 2025.
Key Figures
Shares sold: 3,943 shares of Common Stock
Sale price per share: $63.35 per share
Shares withheld for taxes: 5,849 shares of Common Stock
+2 more
5 metrics
Shares sold
3,943 shares of Common Stock
Open-market or private sale on August 21, 2026
Sale price per share
$63.35 per share
Price for 3,943-share sale on August 21, 2026
Shares withheld for taxes
5,849 shares of Common Stock
Withheld on August 20, 2026 to satisfy tax obligation on RSU vesting
Tax-withholding reference price
$62.92 per share
Used for 5,849-share tax-withholding transaction on August 20, 2026
Rule 10b5-1 plan date
August 13, 2025
Trading plan governing the 3,943-share sale
Key Terms
Rule 10b5-1 plan, restricted stock units, Payment of tax liability by delivering or withholding securities
3 terms
Rule 10b5-1 plan regulatory
"Shares sold pursuant to a 10b5-1 plan dated August 13, 2025"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
restricted stock units financial
"tax obligation realized by the Reporting Person upon the vesting of restricted stock units"
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.
Payment of tax liability by delivering or withholding securities financial
"transaction_code_description: Payment of tax liability by delivering or withholding securities"
FAQ
What insider transactions did PCOR disclose for Benjamin C. Singer?
Benjamin C. Singer reported two PCOR transactions: a sale of 3,943 Common Stock shares at $63.35 on August 21, 2026, and 5,849 shares withheld on August 20, 2026 to cover tax obligations upon vesting of restricted stock units at $62.92 per share.
Was the August 21, 2026 PCOR stock sale under a Rule 10b5-1 plan?
Yes. The 3,943-share sale of PCOR Common Stock on August 21, 2026 at $63.35 per share was reported as being made pursuant to a Rule 10b5-1 plan dated August 13, 2025.
What prices were involved in Benjamin C. Singer’s PCOR transactions?
The open-market sale of PCOR Common Stock was at $63.35 per share for 3,943 shares. The tax-withholding transaction for 5,849 shares used a price of $62.92 per share related to the vesting of restricted stock units.
What role does Benjamin C. Singer hold at PROCORE TECHNOLOGIES, INC. (PCOR)?
Benjamin C. Singer is reported as an officer of PROCORE TECHNOLOGIES, INC., serving as the company’s Chief Legal Officer and Secretary in this Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.