O CONNOR KEVIN J 4

What Happened

• Kevin J. O'Connor, a director of Procore Technologies (PCOR), sold a total of 11,538 common shares in open-market transactions on April 15–16, 2026, generating approximately $602,485 in proceeds. The individual transactions reported: 2,530 shares for $50.62 ($128,069), 3,239 shares for $51.42 ($166,549), 5,565 shares for $53.34 ($296,837), and 204 shares for $54.07 ($11,030). These were sales (not purchases), which are often routine cashing-out events rather than signals of company outlook.

Key Details

• Transaction dates and reported prices:
  • 2026-04-15: 2,530 shares @ $50.62 (≈ $128,069)
  • 2026-04-15: 3,239 shares @ $51.42 (≈ $166,549)
  • 2026-04-16: 5,565 shares @ $53.34 (≈ $296,837)
  • 2026-04-16: 204 shares @ $54.07 (≈ $11,030)
• Total shares sold: 11,538; total proceeds: ≈ $602,485.
• Footnotes of note:
  • Sales were made pursuant to a 10b5-1 trading plan dated Nov 21, 2024 (pre-arranged plan).
  • Reported prices are weighted averages covering price ranges (roughly $50.15 to $53.68 across transactions); the filer offers to provide a break‑out of exact prices on request.
  • Some shares involved are held in the Kevin J. O'Connor Revocable Trust U/A DTD 06-13-19.
• Shares owned after the transactions are not specified in the provided excerpt.
• Filing date: Apr 17, 2026, reporting trades from Apr 15–16, 2026 — appears to be filed within the standard SEC Form 4 timing window.

Context

• A 10b5-1 plan indicates these sales were likely pre-scheduled and executed automatically, which is common for insiders wanting to avoid trading while in possession of material nonpublic information. Sales under such plans are generally considered routine and do not necessarily reflect a change in the insider’s view of the company.
• For retail investors, purchases by insiders often carry more interpretive weight than routine sales; these filings are informational and should be considered alongside other company and market data.