Benjamin C. Singer - Feb 22, 2024 Form 4 Insider Report for PROCORE TECHNOLOGIES, INC. (PCOR)

Signature
/s/ Uyen Nguyen, Attorney-in-Fact
Stock symbol
PCOR
Transactions as of
Feb 22, 2024
Transactions value $
-$843,821
Form type
4
Date filed
2/26/2024, 06:55 PM
Previous filing
Feb 9, 2024
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCOR Common Stock Sale -$322K -4.35K -3.74% $73.90 112K Feb 22, 2024 Direct F1, F2
transaction PCOR Common Stock Sale -$515K -7K -6.25% $73.53 105K Feb 23, 2024 Direct F3, F4
transaction PCOR Common Stock Sale -$7.42K -100 -0.1% $74.24 105K Feb 23, 2024 Direct F3
* 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 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. These shares were sold at prices ranging from $73.18 to $74.16, 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.
F3 Shares sold pursuant to a 10b5-1 plan dated September 8, 2023.
F4 The price reported in Column 4 is a weighted average price. These shares were sold at prices ranging from $73.05 to $74.00, 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.