Procore Technologies (NYSE: PCOR) chair sells 56K shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PROCORE TECHNOLOGIES, INC. Chairman of the Board Craig F. Courtemanche Jr. reported an exercise-and-sale transaction in the company’s common stock. On July 10, 2026, he exercised stock options for 56,122 shares at $2.42 per share and reported open‑market sales totaling 56,122 shares at weighted average prices of $43.63 and $44.76, with individual trades occurring between $43.31 and $45.26 per share. The sales were made pursuant to a Rule 10b5‑1 trading plan dated December 9, 2025. After these transactions, he holds 919,704 shares of Procore common stock directly, plus 168,366 stock options at $2.42 expiring on November 10, 2026, and additional indirect holdings through his spouse and several family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 56,122 shares ($2,463,531)
Net Sell
8 txns
Insider
Courtemanche Craig F. Jr.
Role
Director
Sold
56,122 shs ($2.46M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 56,122 | $2.42 | $136K |
| Exercise | Common Stock | 56,122 | $2.42 | $136K |
| Sale | Common Stock | 42,911 | $43.63 | $1.87M |
| Sale | Common Stock | 13,211 | $44.76 | $591K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 168,366 shares (Direct);
Common Stock — 975,826 shares (Direct);
Common Stock — 2,692,461 shares (Indirect, See Footnote)
Footnotes (1)
- These shares sold pursuant to a 10b5-1 plan dated December 9, 2025. The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $43.31 to $44.235, 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 $44.31 to $45.26, 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 Craig F. Courtemanche and Hillary Courtemanche Family Trust dated as of November 1, 2012. These shares are held by the Courtemanche 2021 Irrevocable Trust UA DTD 6/10/2021. These shares are held by The Courtemanche 2016 Irrevocable Trust. 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
Shares sold: 56,122 shares
Sale prices: $43.63 and $44.76 per share
Option exercise size: 56,122 shares at $2.42
+3 more
6 metrics
Shares sold
56,122 shares
Open-market sales of Procore common stock on July 10, 2026
Sale prices
$43.63 and $44.76 per share
Weighted average prices for the two reported sale transactions
Option exercise size
56,122 shares at $2.42
Common stock acquired through stock option exercise on July 10, 2026
Direct holdings after
919,704 shares
Directly owned Procore common stock following the reported transactions
Remaining stock options
168,366 options at $2.42
Stock options outstanding after exercise, expiring November 10, 2026
Spouse holdings
23,736 shares
Indirectly owned common stock held by spouse
Key Terms
Rule 10b5-1 plan, weighted average price, irrevocable trust, Stock Option (Right to Buy)
4 terms
Rule 10b5-1 plan regulatory
"These shares sold pursuant to a 10b5-1 plan dated December 9, 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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
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.
Stock Option (Right to Buy) technical
"security_title: Stock Option (Right to Buy)"
FAQ
What insider transactions did Procore (PCOR) chairman Craig F. Courtemanche Jr. report?
Craig F. Courtemanche Jr. exercised 56,122 stock options at $2.42 and reported open‑market sales totaling 56,122 Procore shares on July 10, 2026, under a pre‑arranged Rule 10b5‑1 trading plan, while retaining a substantial direct and indirect ownership stake.
What options did the Procore (PCOR) chairman exercise in this Form 4 filing?
Courtemanche exercised 56,122 stock options with an exercise price of $2.42 per share, converting them into common stock. The option series continues to cover 168,366 shares at the same exercise price and carries an expiration date of November 10, 2026.
What indirect Procore (PCOR) holdings does the chairman report in this Form 4?
He reports indirect ownership of Procore shares held by his spouse and by several family trusts, including the Craig F. Courtemanche and Hillary Courtemanche Family Trust and 2016 and 2021 irrevocable trusts, reflecting additional exposure beyond his directly held shares.