Courtemanche Craig F. Jr. 4
4 · PROCORE TECHNOLOGIES, INC. · Filed Jun 8, 2026
Research Summary
AI-generated summary of this filing
Procore (PCOR) Chairman Craig Courtemanche Receives RSU Award
What Happened
Craig F. Courtemanche Jr., Director and Chairman of the Board of Procore Technologies (PCOR), was granted 4,712 restricted stock units (RSUs) on June 4, 2026. The award is reported as an acquisition at $0.00 per share (grant value shown as $0 in the filing). These RSUs are subject to time-based vesting and are not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-04; Transaction type: Award/Grant (RSUs), code A. Price: $0.00. Amount: 4,712 RSUs.
- Vesting: 100% of the RSUs vest on the date of the issuer’s 2027 annual meeting of stockholders (or immediately prior if the director’s service ends due to non‑re‑election), subject to continued service. (Footnote F1)
- Deferred delivery: The reporting person elected to defer receipt of the underlying common stock until the earlier of (i) 90 days after termination of service or (ii) a change in control. (Footnote F1)
- Other holdings: The filing notes certain shares are held in family and irrevocable trusts associated with the Courtemanche family (Footnotes F2–F4).
- Timeliness: Reported on SEC accession 0001628280-26-041748, filed 2026-06-08 for a 2026-06-04 transaction — filed within the Form 4 reporting window (timely).
Context
An RSU grant is a compensation award, not a market purchase; the $0 price reflects that shares were granted, not bought. Because the RSUs vest in full at the 2027 annual meeting and the recipient has elected to defer delivery, there is no immediate change in circulating shares or an immediate sale. Such awards are routine for executive and director compensation and do not by themselves indicate the insider is buying or selling stock.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-04+4,712→ 919,704 total
- 2,692,461(indirect: See Footnote)
Common Stock
[F2] - 1,155,480(indirect: See Footnote)
Common Stock
[F3] - 527,349(indirect: See Footnote)
Common Stock
[F4] - 23,736(indirect: By Spouse)
Common Stock
Footnotes (4)
- [F1]Represents shares of common stock issuable upon the settlement of restricted stock units ("RSUs"). 100% of the RSUs vest on the date of the issuer's 2027 annual meeting of stockholders (or the date immediately preceding such date if the Reporting Person's service as a director ends at such annual meeting as a result of the Reporting Person's failure to be re-elected or the Reporting Person not standing for re-election), subject to the Reporting Person's continued service through such vesting date. The Reporting Person has elected to defer the receipt of common stock upon the vesting of the RSUs until the earlier of (i) the date that is ninety (90) days following the date of termination of service, and (ii) the date of a change in control.
- [F2]These shares are held by Craig F. Courtemanche and Hillary Courtemanche Family Trust dated as of November 1, 2012.
- [F3]These shares are held of record by the Courtemanche 2021 Irrevocable Trust UA DTD 6/10/2021.
- [F4]These shares are held by The Courtemanche 2016 Irrevocable Trust.