Fleming William Fred Jr 4

What Happened

• William F. Fleming Jr., SVP & Corporate Controller of Procore Technologies (PCOR), had 1,666 shares withheld by the issuer on May 20, 2026, to satisfy tax withholding related to restricted stock unit (RSU) vesting. The filing reports a per-share value of $47.37, for a total value of approximately $78,918. This was a tax-withholding disposition (Form 4 code "F"), not an open-market sale.

Key Details

• Transaction date: 2026-05-20; price reported: $47.37 per share; shares withheld: 1,666; total value ≈ $78,918.
• Transaction code: F (shares withheld to satisfy tax obligation upon RSU vesting).
• Filing date: 2026-05-22 (filed two days after the transaction — appears timely under the 2-business-day Form 4 rule).
• Footnotes: F1 confirms shares were withheld to satisfy the Reporting Person's tax obligation on RSU vesting; F2 notes 331 shares were purchased through the issuer's employee stock purchase plan on May 15, 2026.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• Shares withheld for taxes are common after RSU vesting and represent a non-market disposition to cover tax obligations, not a deliberate sale of shares on the open market. Such tax-withholding transactions are typically routine and don’t necessarily signal insider sentiment; purchases by insiders tend to be more informative about confidence in the company.