Griffith William J.G. 4

What Happened
William J.G. Griffith, a director and reported 10% owner of Procore Technologies (PCOR), was granted 4,712 restricted stock units (RSUs) on 2026-06-04. The award was reported as an acquisition at $0.00 per share (no cash paid). The RSUs represent shares of common stock issuable upon settlement and are subject to vesting and deferral rules described below.

Key Details

• Transaction date and filing: Grant on 2026-06-04; Form 4 filed 2026-06-08 (appears timely — filed within two business days).
• Award: 4,712 RSUs granted, $0.00 per share (award, not an open-market trade).
• Shares beneficially owned after grant: 3,249,258 shares total (consisting of 4,712 RSUs issuable upon settlement + 3,244,546 shares held via family/estate-planning trusts).
• Vesting & settlement: 100% of the RSUs vest on the date of the issuer’s 2027 annual meeting of stockholders (or immediately before that date if director service ends due to non‑re‑election), subject to continued service.
• Deferral: Reporting person elected to defer receipt of stock on vesting until the earlier of (i) 90 days after termination of service or (ii) a change in control.
• Other note: Proceeds of any sale of shares issued on settlement of the RSUs will be transferred to ICONIQ Capital, LLC. The reporting person disclaims beneficial ownership of certain trust-held shares except to the extent of any pecuniary interest.

Context

• RSUs are awards that convert into shares on vesting; this was an award (code A), not a purchase or sale, so it does not directly indicate buying or selling sentiment.
• As a reported 10% owner and an ICONIQ Capital general partner/MD, some holdings are held via trusts and investment vehicles; the reporting person disclaims beneficial ownership of certain securities except for any pecuniary interest.