Craig F. Courtemanche Jr. - 23 Feb 2022 Form 4 Insider Report for PROCORE TECHNOLOGIES, INC. (PCOR)

Signature
/s/ Benjamin C. Singer Attroney-in-fact
Issuer symbol
PCOR
Transactions as of
23 Feb 2022
Transactions value $
-$3,058,688
Form type
4
Filing time
25 Feb 2022, 18:22:00 UTC
Previous filing
29 Nov 2021
Next filing
31 Mar 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCOR Common Stock Sale -$2.02M -32.9K -4.66% $61.38 673K 23 Feb 2022 Direct F1, F2
transaction PCOR Common Stock Sale -$1.04M -16.9K -2.52% $61.38 656K 23 Feb 2022 Direct F1, F3
holding PCOR Common Stock 3.76M 23 Feb 2022 See Footnote F4
holding PCOR Common Stock 1.28M 23 Feb 2022 See Footnote F5
holding PCOR Common Stock 548K 23 Feb 2022 See Footnote F6
holding PCOR Common Stock 23.7K 23 Feb 2022 Spouse
* 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 $61.24 to $62.20, 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 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 $60.52 to $61.49, 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.
F4 The shares were held by Craig F. Courtemanche and Hillary Courtemanche Family Trust dated as of November 1, 2012.
F5 The shares are held of record by First Republic Trust Company of Delaware TTEE Courtemanche 2021 Irrevocable Trust UA DTD 6/10/2021.
F6 The shares are held of record by The Courtemanche 2016 Irrevocable Trust.