Craig F. Courtemanche Jr. - May 20, 2021 Form 4 Insider Report for PROCORE TECHNOLOGIES, INC. (PCOR)

Signature
/s/ Benjamin C. Singer, Attorney-in-fact
Stock symbol
PCOR
Transactions as of
May 20, 2021
Transactions value $
-$3,994,709
Form type
4
Date filed
5/24/2021, 05:26 PM
Previous filing
May 19, 2021
Next filing
Aug 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCOR Common Stock Sale -$10.1K -122 -0.02% $82.64 788K May 20, 2021 Direct F1
transaction PCOR Common Stock Sale -$3.98M -47.6K -6.04% $83.73 740K May 20, 2021 Direct F1, F2
transaction PCOR Common Stock Conversion of derivative security +97.1K +2.65% 3.76M May 24, 2021 See footnote F3, F4
holding PCOR Common Stock 1.83M May 20, 2021 See footnote F5
holding PCOR Common Stock 23.7K May 20, 2021 By Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PCOR Series B Preferred Stock Conversion of derivative security $0 -97.1K -100% $0.00* 0 May 24, 2021 Common Stock 97.1K See footnote F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of restricted stock units. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F2 The price reported in Column 4 is a weighted average price calculated by the broker. These shares were sold as part of a block trade in multiple transactions at prices ranging from $83.37 to $84.14, 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 with regard to the block trade.
F3 Each share of Series B Preferred Stock converted into one share of common stock immediately prior to the closing of the Issuer's initial public offering. The shares had no expiration date.
F4 Shares are held of record by Craig F. Courtemanche and Hillary Courtemanche Family Trust dated as of November 1, 2012, for which the reporting person and his spouse serve as trustees.
F5 Shares are held of record by The Courtemanche 2016 Irrevocable Trust, for which the reporting person holds shared voting power.
F6 The shares were held by Craig F. Courtemanche and Hillary Courtemanche Family Trust dated as of November 1, 2012, for which the reporting person and his spouse serve as trustees.