Courtemanche Craig F. Jr. 4

What happened

• Craig F. Courtemanche Jr., Chairman of the Board of Procore Technologies (PCOR), was granted/issued 90,027 shares on Feb 16, 2026 (transaction coded as an award/acquisition). The shares were issued at $0 per share (total cash consideration $0). The award reflects performance stock units (PSUs) that had their performance conditions certified by the Compensation Committee.

Key details

• Transaction date: 2026-02-16; Form 4 filed: 2026-02-18 (timely filing).
• Transaction type/code: A — award/grant or other acquisition of 90,027 shares at $0.00.
• Vesting: Per the filing (F1), the certified PSUs are now subject only to time-based vesting — one-third vests on Feb 20, 2026, then one-twelfth vests quarterly on each Feb 20, May 20, Aug 20 and Nov 20 thereafter, subject to continued service.
• Holdings/beneficial ownership notes: some reported shares are held in trusts (F2–F4: Craig F. Courtemanche & Hillary Courtemanche Family Trust and two irrevocable trusts).
• Amount owned following the transaction is not specified in the excerpt provided.

Context

• These were PSUs that met performance criteria and converted to time-vesting awards — not an open-market purchase or sale, and no cash was exchanged. For retail investors, this is a standard executive compensation event indicating performance targets were met; it does not on its own signal buying/selling intent.