Procore (PCOR) Chairman Craig Courtemanche Withholds 11,388 Shares for Taxes

What Happened

• Craig F. Courtemanche, Director and Chairman of the Board of Procore Technologies (PCOR), had 11,388 shares withheld by the company to satisfy tax obligations arising from the vesting of restricted stock units (RSUs). The withholding occurred at $62.92 per share, totaling about $716,533. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: August 20, 2026
• Price per share: $62.92; Shares withheld/disposed: 11,388; Total value: ~$716,533
• Filing date: August 24, 2026 — appears to be filed within the required reporting window
• Shares owned after transaction: Not specified in this filing
• Footnotes: F1 indicates the shares were withheld to satisfy tax on RSU vesting. F2–F4 note certain shares are held in family and irrevocable trusts associated with Courtemanche.

Context

• This was an administrative tax-withholding action (code F) tied to RSU vesting, effectively a cashless disposition of some vested shares to cover taxes; it should not be read as an active sale signaling a change in insider sentiment. For retail investors, purchases or open-market sales are generally more informative about insider views than tax-withholding transactions.