Benjamin C. Singer - Mar 29, 2024 Form 4 Insider Report for PROCORE TECHNOLOGIES, INC. (PCOR)

Signature
/s/ Benjamin C. Singer
Stock symbol
PCOR
Transactions as of
Mar 29, 2024
Transactions value $
-$246,450
Form type
4
Date filed
4/2/2024, 08:32 PM
Previous filing
Mar 8, 2024
Next filing
May 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCOR Common Stock Award $0 +34.5K +36.71% $0.00 128K Mar 29, 2024 Direct F1
transaction PCOR Common Stock Sale -$246K -3K -2.34% $82.15 125K Apr 1, 2024 Direct F2
* 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 (the "RSUs"). One-sixteenth (1/16th) of the RSUs vest quarterly on each February 20, May 20, August 20 and November 20 (each, a "Company Vesting Date"), beginning with the first Company Vesting Date following the vesting commencement date of February 20, 2024 and subject to the Reporting Person's continued service through each Company Vesting Date.
F2 Shares sold pursuant to a 10b5-1 plan dated September 8, 2023.