Procore chairman sells 56,122 shares after exercise
Both reported sales were made under a Rule 10b5-1 plan dated December 9, 2025, alongside the exercise of 56,122 options.
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Rhea-AI Filing Summary
Procore Technologies (PCOR) Chairman of the Board Craig F. Courtemanche Jr. exercised options for 56,122 common shares at a $2.42 exercise price on October 12, 2026. He reported selling 55,930 shares at a weighted-average price of $56.19 and another 192 shares at $56.725; prices for the 55,930-share sale ranged from $55.69 to $56.67. Both sales were under a Rule 10b5-1 plan dated December 9, 2025. The reported option position after exercise was 0; a separate indirect holding attributed to his spouse was 23,736 common shares.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F6 | 56,122 | $2.42 | $136K |
| Exercise | Common Stock | 56,122 | $2.42 | $136K |
| Sale | Common Stock F1, F2 | 55,930 | $56.19 | $3.14M |
| Sale | Common Stock F1 | 192 | $56.725 | $11K |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (6)
- 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 $55.69 to $56.67, 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. These shares were held by Craig F. Courtemanche and Hillary Courtemanche Family Trust dated as of November 1, 2012.
- F4. These shares are held by the Courtemanche 2021 Irrevocable Trust UA DTD 6/10/2021.
- F5. These shares are held by The Courtemanche 2016 Irrevocable Trust.
- F6. 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.
Key Figures
Key Terms
Rule 10b5-1 plan financial
weighted average price financial
Stock Option (Right to Buy) financial
vested financial
FAQ
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What were the vesting terms for Craig F. Courtemanche Jr.'s PCOR option?
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