Lyandres Paul 4
4 · PROCORE TECHNOLOGIES, INC. · Filed Aug 26, 2022
Insider Transaction Report
Form 4
Lyandres Paul
Chief Financial Officer
Transactions
- Sale
Common Stock
2022-08-24$56.04/sh−11,612$650,736→ 493,399 total
Footnotes (3)
- [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 $55.54 to $56.53, 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]Includes 244 shares acquired from a pro rata in-kind distribution by Bessemer Venture Partners VIII, LP.