Procore (NYSE: PCOR) director’s trust sells 15,384 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PROCORE TECHNOLOGIES, INC. director Kevin J. O’Connor reported indirect open-market sales of 15,384 shares of common stock associated with the Kevin J. O'Connor Revocable Trust U/A DTD 06-13-19. The sales occurred on February 25 and 26, 2026 under a Rule 10b5-1 trading plan dated November 21, 2024.
The reported weighted average sale prices ranged from $50.015 to $55.37 per share, across multiple price intervals disclosed in the footnotes. Following these transactions, indirect holdings reported for the trust were just over 1.0 million shares, and direct holdings reported for O’Connor were 16,632 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 15,384 shares ($815,239)
Net Sell
6 txns
Insider
O CONNOR KEVIN J
Role
Director
Sold
15,384 shs ($815K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,363 | $53.62 | $127K |
| Sale | Common Stock | 3,406 | $54.39 | $185K |
| Sale | Common Stock | 3,846 | $55.08 | $212K |
| Sale | Common Stock | 4,694 | $50.29 | $236K |
| Sale | Common Stock | 1,075 | $51.52 | $55K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,019,388 shares (Indirect, See Footnote);
Common Stock — 16,632 shares (Direct)
Footnotes (1)
- These shares sold pursuant to a 10b5-1 plan dated November 21, 2024. The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $50.015 to $50.93, 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. These shares are held by the Kevin J. O'Connor Revocable Trust U/A DTD 06-13-19. The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $51.01 to $51.96, 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. The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $52.91 to $53.86, 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. The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $53.93 to $54.805, 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. The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $55.00 to $55.37, 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.
FAQ
What insider activity did PCOR director Kevin J. O’Connor report?
Kevin J. O’Connor reported indirect open-market sales of 15,384 shares of Procore Technologies common stock. The transactions were executed over two days in February 2026 and are associated with his revocable trust, as detailed in the Form 4 footnotes and ownership fields.
Were the PCOR insider sales made under a 10b5-1 trading plan?
Yes. A Form 4 footnote states that the reported share sales were executed pursuant to a Rule 10b5-1 trading plan dated November 21, 2024. Such plans allow pre-arranged trading instructions, helping separate routine diversification trades from discretionary market-timed decisions.
What does indirect ownership mean in this PCOR Form 4 filing?
Indirect ownership indicates the shares are held through another entity rather than in the insider’s personal name. Here, the Form 4 specifies that the indirectly held shares are owned by the Kevin J. O’Connor Revocable Trust, with O’Connor as the reporting person for those trust-held shares.