Procore chair exercises options, sells 56,121 shares
Rhea-AI Filing Summary
Procore Technologies Chairman of the Board Craig F. Courtemanche Jr. exercised stock options for 56,121 shares of common stock at $2.42 per share and on the same day sold 56,121 shares in open-market transactions at prices around $57–58 pursuant to a pre-arranged Rule 10b5-1 trading plan. After these transactions, he holds 927,580 shares directly, plus additional indirect holdings through three family trusts of 2,692,461, 1,155,480, and 527,349 shares, and 23,736 shares held by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 56,121 shares ($3.08M approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
Courtemanche Craig F. Jr.
Role
Director
Sold
56,121 shs ($3.21M)
Approx. gross sale proceeds
$3.21M
Approx. exercise cost
$136K
Approx. pre-tax spread
$3.08M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 56,121 | $2.42 | $136K |
| Exercise | Common Stock | 56,121 | $2.42 | $136K |
| Sale | Common Stock | 34,969 | $56.99 | $1.99M |
| Sale | Common Stock | 19,859 | $57.58 | $1.14M |
| Sale | Common Stock | 1,293 | $58.41 | $76K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 392,854 contracts (Direct);
Common Stock — 927,580 shares (Direct);
Common Stock — 4,375,290 shares (Indirect, See Footnote);
Common Stock — 23,736 shares (Indirect, Spouse)
Footnotes (7)
- F1. These shares sold pursuant to a 10b5-1 plan dated December 9, 2025.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $56.36 to $57.35, 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.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $57.36 to $58.03, 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.
- F4. These shares are held by the Craig F. Courtemanche and Hillary Courtemanche Family Trust dated as of November 1, 2012.
- F5. These shares are held by the Courtemanche 2021 Irrevocable Trust UA DTD 6/10/2021.
- F6. These shares are held by The Courtemanche 2016 Irrevocable Trust.
- F7. The shares subject to the option vested in 60 equal monthly installments beginning on the one month anniversary of February 5, 2016, subject to continued service through each applicable vesting date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Procore (PCOR) chairman Craig Courtemanche report?
Craig Courtemanche reported exercising stock options for 56,121 Procore shares at $2.42 each and selling 56,121 common shares in open-market trades. The sales occurred at prices around $57–58 per share under a pre-arranged Rule 10b5-1 trading plan.
What stock options did Craig Courtemanche exercise in Procore (PCOR)?
He exercised a stock option covering 56,121 Procore common shares at an exercise price of $2.42 per share. The option had originally been scheduled to vest in 60 equal monthly installments beginning on February 5, 2016, subject to continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.