Courtemanche Craig F. Jr. 4

What Happened

• Craig F. Courtemanche, Jr., Chairman of the Board at Procore Technologies (PCOR), exercised 56,121 option shares on March 10, 2026 at an exercise price of $2.42 per share (cost $135,813) and sold the same 56,121 shares in open-market transactions that day for aggregate proceeds of approximately $3.21 million.
• The sales were executed in three reported blocks (34,969; 19,859; 1,293 shares) at weighted-average prices reported and listed individually ($56.99, $57.58, $58.41). The exercise and immediate sale is effectively a cashless exercise (options converted to shares and then sold).

Key Details

• Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (no late filing indicated in this report).
• Exercise (code M): 56,121 shares @ $2.42 (acquired) — total exercise cost $135,813.
• Sales (code S): 34,969 @ $56.99; 19,859 @ $57.58; 1,293 @ $58.41 — total proceeds ≈ $3,211,888.
• Footnotes: Sales were made pursuant to a 10b5-1 trading plan dated Dec 9, 2025 (F1). Two sale blocks report weighted-average prices with ranges $56.36–$57.35 and $57.36–$58.03 (F2, F3); the filer can provide breakdowns on request. Some holdings are held in family/irrevocable trusts (F4–F6). Vesting schedule for the option award is described in F7.
• Shares owned after the transaction are not specified in the provided excerpt of the filing.

Context

• This is a routine insider exercise-and-sell: options were exercised at a low strike and the resulting shares were sold the same day under a pre-established 10b5-1 plan. Such transactions often reflect cashing out option gains or covering exercise/tax obligations rather than a directional statement about company prospects.