Courtemanche Craig F. Jr. 4

What Happened

• Craig F. Courtemanche Jr., Director and Chairman of Procore Technologies (PCOR), exercised 56,122 option-derived shares at $2.42 per share on July 10, 2026 (reported as transaction code M; cost ~$135,815). The same 56,122 shares were then sold in the open market the same day (transaction code S) in two blocks: 42,911 shares at a weighted average ~$43.63 ($1,872,207) and 13,211 shares at a weighted average ~$44.76 ($591,324). Total gross proceeds from the sales were $2,463,531; after paying the exercise cost ($135,815) the cash proceeds were approximately $2.33M (before taxes/fees).

Key Details

• Transaction date: July 10, 2026.
• Option exercise: 56,122 shares exercised at $2.42 (M) for $135,815.
• Open-market sales: 42,911 shares at weighted avg $43.63 ($1,872,207) and 13,211 shares at weighted avg $44.76 ($591,324). Combined proceeds ~$2,463,531.
• Sales executed pursuant to a 10b5-1 trading plan dated Dec 9, 2025 (Footnote F1).
• Reported weighted‑average price ranges: first block sold between $43.31–$44.235 (F2); second block between $44.31–$45.26 (F3). The filer can provide per‑price breakdown on request.
• Some reported holdings/options are held in family/irrevocable trusts (F4–F6); option vesting schedule noted in F7.
• Shares owned after the transactions are not specified in the provided filing excerpt — see the full Form 4 for total post‑transaction holdings.
• Filing date: July 14, 2026 (transaction was July 10). Form 4s are normally due within 2 business days; this filing was submitted four days after the transaction date.

Context

• This was an exercise of options followed by an immediate sale of the resulting shares (effectively a cashless exercise), so the insider did not increase his public holdings as a result of these transactions.
• Sales under a 10b5‑1 plan are prearranged trading plans and are generally considered routine; they do not necessarily signal a change in the insider’s view of the company.
• Numbers above are from the Form 4; taxes, fees, or other withholdings (if any) are not reflected.