PCOR officer stock update: RSU tax withholding and 196,514 shares held
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Procore Technologies, Inc. (PCOR) filed an insider ownership update for its President of Product & Technology. The Form 4 reports that on 11/20/2025, 9,520 shares of common stock were withheld by Procore to satisfy a tax obligation triggered by the vesting of restricted stock units, as indicated by transaction code "F" at a price of $71.74 per share. After this tax withholding, the reporting officer directly beneficially owns 196,514 shares of Procore common stock. The filing reflects an administrative tax-settlement transaction rather than an open-market buy or sell.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Davis Steven Scott
Role
President Product & Technology
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 9,520 | $71.74 | $683K |
Holdings After Transaction:
Common Stock — 196,514 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Procore Technologies (PCOR) report on this Form 4?
The filing reports a tax withholding transaction in which 9,520 shares of Procore common stock were withheld by the company on 11/20/2025 to cover taxes due upon the vesting of restricted stock units.
Who is the reporting person in this Procore Technologies (PCOR) Form 4?
The reporting person is an officer of Procore Technologies, serving as President Product & Technology, filing individually for their holdings.
Was this Procore (PCOR) insider transaction an open-market trade?
No. The transaction is coded "F", meaning it represents shares withheld by the issuer to satisfy a tax obligation from restricted stock unit vesting, rather than an open-market purchase or sale.
What is the significance of the $71.74 price in the Procore (PCOR) Form 4 filing?
The filing lists a price of $71.74 per share for the 9,520 withheld shares, which is used to calculate the value of stock applied to cover the insider’s tax obligation upon RSU vesting.
Does this Procore (PCOR) Form 4 indicate a Rule 10b5-1 trading plan?
The form includes a checkbox to indicate whether a transaction was made under a Rule 10b5-1(c) trading plan, but the provided excerpt does not show that box as selected for this tax withholding transaction.