Kevin J. O Connor - 07 Jun 2023 Form 4 Insider Report for PROCORE TECHNOLOGIES, INC. (PCOR)

Role
Director
Signature
/s/ Benjamin C. Singer, Attorney-in-Fact
Issuer symbol
PCOR
Transactions as of
07 Jun 2023
Net transactions value
-$655,898
Form type
4
Filing time
09 Jun 2023, 20:50:37 UTC
Previous filing
18 May 2023
Next filing
13 Jun 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCOR Common Stock Award $0 +3,574 +50% $0.000000 10,696 07 Jun 2023 Direct F1
transaction PCOR Common Stock Sale $337,166 -5,128 -0.34% $65.75 1,514,642 07 Jun 2023 See Footnote F2, F3, F4
transaction PCOR Common Stock Sale $218,348 -3,528 -0.23% $61.89 1,511,114 08 Jun 2023 See Footnote F2, F4, F5
transaction PCOR Common Stock Sale $100,384 -1,600 -0.11% $62.74 1,509,514 08 Jun 2023 See Footnote F2, F4, F6
holding PCOR Common Stock 166,667 07 Jun 2023 See Footnote F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 Represents shares of common stock issuable upon the settlement of restricted stock units ("RSUs"). 100% of the RSUs vest on the date of the issuer's 2024 annual meeting of stockholders (or the date immediately preceding such date if the Reporting Person's service as a director ends at such annual meeting as a result of the Reporting Person's failure to be re-elected or the Reporting Person not standing for re-election), subject to the Reporting Person's continued service through such vesting date.
F2 Shares sold pursuant to a 10b5-1 plan dated December 14, 2022.
F3 The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $65.58 to $65.93, 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.
F4 These shares are held by the Kevin J. O'Connor Revocable Trust U/A DTD 06-13-19.
F5 The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $61.46 to $62.45, 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.
F6 The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $62.48 to $62.86, 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.
F7 These shares are held by the Kevin Connor 2021 GRAT.