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Procore (NYSE: PCOR) chair reports RSU tax share withholding event

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Procore Technologies Chairman of the Board Craig F. Courtemanche Jr. reported a tax-related share disposition. On the vesting of restricted stock units, 27,344 shares of common stock were withheld by the company to satisfy his tax obligation at a price of $52.02 per share.

After this, he directly owned 927,580 common shares. Indirectly, he held 2,692,461 shares through the Craig F. Courtemanche and Hillary Courtemanche Family Trust, 1,155,480 shares through the Courtemanche 2021 Irrevocable Trust, 527,349 shares through The Courtemanche 2016 Irrevocable Trust, and 23,736 shares through his spouse.

Positive

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Negative

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Insider Courtemanche Craig F. Jr.
Role Director
Type Security Shares Price Value
Tax Withholding Common Stock 27,344 $52.02 $1.42M
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 927,580 shares (Direct); Common Stock — 2,692,461 shares (Indirect, See Footnote)
Footnotes (1)
  1. Represents shares withheld by the Issuer to satisfy a tax obligation realized by the Reporting Person upon the vesting of restricted stock units. 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.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Courtemanche Craig F. Jr.
(Last) (First) (Middle)
C/O PROCORE TECHNOLOGIES, INC.
6309 CARPINTERIA AVE
(Street)
CARPINTERIA CA 93013
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PROCORE TECHNOLOGIES, INC. [ PCOR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) X Other (specify below)
Chairman of the Board
3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/20/2026 F 27,344(1) D $52.02 927,580 D
Common Stock 2,692,461 I See Footnote(2)
Common Stock 1,155,480 I See Footnote(3)
Common Stock 527,349 I See Footnote(4)
Common Stock 23,736 I Spouse
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents shares withheld by the Issuer to satisfy a tax obligation realized by the Reporting Person upon the vesting of restricted stock units.
2. These shares are held by the Craig F. Courtemanche and Hillary Courtemanche Family Trust dated as of November 1, 2012.
3. These shares are held by the Courtemanche 2021 Irrevocable Trust UA DTD 6/10/2021.
4. These shares are held by The Courtemanche 2016 Irrevocable Trust.
Remarks:
/s/ Benjamin C. Singer, Attorney-in-Fact 02/24/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did PCOR Chairman Craig Courtemanche report?

Craig F. Courtemanche Jr. reported a tax-withholding disposition where 27,344 Procore common shares were withheld by the company at $52.02 per share to cover taxes due on vesting restricted stock units, rather than an open-market sale of stock.

Was the Procore (PCOR) insider transaction an open-market stock sale?

No, the Form 4 describes a tax-withholding event. Procore withheld 27,344 common shares at $52.02 per share to satisfy Craig Courtemanche Jr.’s tax obligation from restricted stock unit vesting, not a voluntary open-market sale of shares.

How many Procore (PCOR) shares does Craig Courtemanche Jr. own directly after this filing?

Following the reported tax-withholding disposition, Craig Courtemanche Jr. directly owned 927,580 shares of Procore common stock. This figure reflects his direct holdings after the issuer withheld shares to cover taxes from restricted stock unit vesting.

What indirect Procore (PCOR) shareholdings are reported for Craig Courtemanche Jr.?

Indirectly, he is reported with 2,692,461 shares via the Craig and Hillary Courtemanche Family Trust, 1,155,480 shares via the Courtemanche 2021 Irrevocable Trust, 527,349 shares via The Courtemanche 2016 Irrevocable Trust, and 23,736 shares held by his spouse.

What does transaction code F mean in this Procore (PCOR) Form 4?

Transaction code F indicates shares were used to pay a tax liability or exercise cost. Here, 27,344 Procore common shares were withheld by the issuer to satisfy Craig Courtemanche Jr.’s tax obligation arising from restricted stock unit vesting.