Procore (PCOR) CEO sees 45K shares withheld for RSU taxes
Rhea-AI Filing Summary
For PROCORE TECHNOLOGIES, INC. (PCOR), CEO and President Ajei Gopal reported a Form 4 showing a tax-related share withholding rather than an open-market trade. On 2026-08-20, 45,088 shares of common stock were disposed of at a reported price of $62.92 per share to satisfy a tax obligation triggered by the vesting of restricted stock units. After this withholding, Gopal directly held 508,346 shares of Procore common stock.
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Insights
Analyzing...
Insider Trade Summary
Net Seller: 45,088 shares
Net Sell
1 txn
Insider
Gopal Ajei
Role
CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 45,088 | $62.92 | $2.84M |
Holdings After Transaction:
Common Stock — 508,346 shares (Direct)
Footnotes (1)
- F1. Represents shares withheld by the Issuer to satisfy a tax obligation realized by the Reporting Person upon the vesting of restricted stock units.
Key Figures
Shares withheld for tax: 45,088 shares
Reported price per share: $62.92 per share
Shares held after transaction: 508,346 shares
3 metrics
Shares withheld for tax
45,088 shares
Shares of PCOR common stock withheld on 2026-08-20 to satisfy tax on RSU vesting
Reported price per share
$62.92 per share
Price applied to the 45,088 withheld shares in the tax-withholding transaction
Shares held after transaction
508,346 shares
Direct holdings of Ajei Gopal in PCOR common stock following the withholding
Key Terms
restricted stock units, tax obligation, withheld by the Issuer
3 terms
restricted stock units financial
"upon the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax obligation financial
"to satisfy a tax obligation realized by the Reporting Person"
withheld by the Issuer financial
"Represents shares withheld by the Issuer to satisfy a tax obligation"
FAQ
What insider transaction did PCOR CEO Ajei Gopal report on this Form 4?
Ajei Gopal reported a disposition of 45,088 shares of PROCORE TECHNOLOGIES, INC. common stock on 2026-08-20. The shares were withheld by the company to satisfy a tax obligation arising from the vesting of restricted stock units, not an open-market sale.
Was the PCOR Form 4 transaction under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan (aff_10b5_one is false), and the footnote describes the event as tax withholding upon RSU vesting rather than a trading-plan transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.