HOVSEPIAN RONALD W 4

What Happened
Ronald W. Hovsepian, a director of Procore Technologies, was granted 2,330 restricted stock units (RSUs) on 2026-06-04. The RSUs were granted at $0.00 per unit (transaction code A — award/grant); the grant was reported on a Form 4 filed 2026-06-08. This is an equity award (not an open-market purchase or sale) and represents potential future shares if and when the RSUs vest.

Key Details

• Transaction date: 2026-06-04; Form 4 filed: 2026-06-08 (filed within the two-business-day window).
• Transaction type/code: Grant/Award (A) — 2,330 RSUs acquired at $0.00 per RSU.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnote: These RSUs represent common stock issuable upon settlement. 100% vest on the date of the issuer's 2027 annual meeting (or the date immediately before that meeting if the reporting person’s service ends due to not being re-elected or not standing), subject to continued service.
• No tax-withholding sale or 10b5-1 plan noted in the provided information.

Context
RSUs are a form of equity compensation that convert into shares upon vesting; they are routine for directors and do not reflect an open-market buy or sell decision. Because these RSUs vest in 2027 only if the director remains in service (or per the stated exception), they represent future possible ownership rather than an immediate change in outstanding shares.