Procore (NYSE: PCOR) chair now holds 908,316 shares
Rhea-AI Filing Summary
For PROCORE TECHNOLOGIES, INC. (PCOR), Chairman of the Board and director Craig F. Courtemanche Jr. reported that 11,388 shares of common stock were withheld by the issuer on 2026-08-20 at $62.92 per share to satisfy a tax obligation from vesting restricted stock units. After this tax-withholding disposition, he directly holds 908,316 shares of common stock, and additional common stock is held indirectly through family trusts and 23,736 shares held indirectly through his spouse.
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Insights
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Insider Trade Summary
Net Seller: 11,388 shares
Net Sell
5 txns
Insider
Courtemanche Craig F. Jr.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 11,388 | $62.92 | $717K |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 908,316 shares (Direct);
Common Stock — 4,375,423 shares (Indirect, See Footnote);
Common Stock — 23,736 shares (Indirect, Spouse)
Footnotes (4)
- 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. These shares were held by Craig F. Courtemanche and Hillary Courtemanche Family Trust dated as of November 1, 2012.
- F3. These shares are held by the Courtemanche 2021 Irrevocable Trust UA DTD 6/10/2021.
- F4. These shares are held by The Courtemanche 2016 Irrevocable Trust.
Key Figures
Shares withheld for tax: 11,388 shares of Common Stock
Withholding price per share: $62.92 per share
Direct holdings after transaction: 908,316 shares of Common Stock
+1 more
4 metrics
Shares withheld for tax
11,388 shares of Common Stock
Withheld by issuer on 2026-08-20 to satisfy tax on RSU vesting
Withholding price per share
$62.92 per share
Value used for shares withheld to cover tax liability
Direct holdings after transaction
908,316 shares of Common Stock
Direct ownership by Craig F. Courtemanche Jr. following 2026-08-20 transaction
Indirect spouse holdings
23,736 shares of Common Stock
Indirect ownership reported as held by spouse
Key Terms
restricted stock units, Irrevocable Trust, Family Trust
3 terms
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.
Irrevocable Trust financial
"These shares are held by the Courtemanche 2021 Irrevocable Trust UA DTD 6/10/2021."
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
Family Trust financial
"These shares were held by Craig F. Courtemanche and Hillary Courtemanche Family Trust"
FAQ
What insider transaction did PCOR director Craig F. Courtemanche Jr. report?
Craig F. Courtemanche Jr. reported a Form 4 transaction where 11,388 shares of Procore common stock were withheld by the issuer on 2026-08-20 to satisfy a tax obligation arising from the vesting of restricted stock units.
What does transaction code F mean in the PCOR Form 4 for Craig Courtemanche Jr.?
Transaction code F in the Form 4 indicates payment of tax liability by delivering or withholding securities. In this case, Procore withheld shares to cover taxes triggered by Craig F. Courtemanche Jr.’s vesting restricted stock units.
Was Craig Courtemanche Jr.’s PCOR Form 4 transaction made under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not checked (aff_10b5_one is false), indicating the reported tax-withholding transaction was not affirmed as being made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
