Kathryn Bueker - 19 May 2021 Form 3 Insider Report for PROCORE TECHNOLOGIES, INC. (PCOR)

Role: Director
Signature: /s/ Benjamin Singer, Attorney-in-fact
Issuer symbol: PCOR
Transactions as of: 19 May 2021
Net transactions value: $0
Form type: 3
Filing time: 19 May 2021, 20:55:23 UTC
Previous filing: 18 May 2021
Next filing: 02 Jul 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PCOR	Common Stock						27,111	19 May 2021	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares issuable upon the settlement of restricted stock units ("RSUs"). The RSUs have two different vesting conditions, both of which must be met in order for any RSUs to vest and settle in shares of the Issuer's common stock: (i) a service-based vesting condition (the "Service-Based Condition"), and (ii) a liquidity event vesting condition (the "Liquidity Event Condition"). The Service-Based Condition will be satisfied with respect to 1/4th on February 20th of each year beginning on February 20, 2022, assuming continued service through such date. The Liquidity Event Condition will be satisfied upon the first to occur of: (1) a Change in Control and (2) the effective date of a registration statement for an initial public offering of the Issuer's common stock.

Content

Represents shares issuable upon the settlement of restricted stock units ("RSUs"). The RSUs have two different vesting conditions, both of which must be met in order for any RSUs to vest and settle in shares of the Issuer's common stock: (i) a service-based vesting condition (the "Service-Based Condition"), and (ii) a liquidity event vesting condition (the "Liquidity Event Condition"). The Service-Based Condition will be satisfied with respect to 1/4th on February 20th of each year beginning on February 20, 2022, assuming continued service through such date. The Liquidity Event Condition will be satisfied upon the first to occur of: (1) a Change in Control and (2) the effective date of a registration statement for an initial public offering of the Issuer's common stock.