PROCORE TECHNOLOGIES, INC.·4

May 22, 8:03 PM ET

Davis Steven Scott 4

Research Summary

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Procore (PCOR) President Davis Steven Scott Withholds 13,267 Shares for Taxes

What Happened Davis Steven Scott (President, Product & Technology) had 13,267 Procore (PCOR) shares withheld to satisfy tax obligations upon the vesting of restricted stock units. The filing reports the shares were valued at $47.37 each, for a total of approximately $628,458. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

  • Transaction date: 2026-05-20; Filing date: 2026-05-22 (timely)
  • Price reported: $47.37 per share
  • Shares withheld/disposed: 13,267; total value ≈ $628,458
  • Footnote: F1 — shares were withheld by the issuer to satisfy tax obligations upon RSU vesting
  • Shares owned after transaction: Not specified in the filing

Context

  • Tax withholding on vested RSUs is a routine administrative disposition (often called a "sell to cover") and does not necessarily reflect the insider's view of the company's prospects.
  • Transaction code F denotes withholding to cover taxes rather than a market sale (code S) or purchase (code P).