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

What Happened Steven Davis, President of Product & Technology at Procore Technologies (PCOR), had 13,267 shares withheld on 2026-08-20 to satisfy tax obligations arising from the vesting of restricted stock units. The withholding was reported at $62.92 per share, a total value of about $834,760. This is a routine tax-withholding (disposition) tied to RSU vesting rather than an open-market sale or a new purchase.

Key Details

• Transaction date: 2026-08-20
• Price per share: $62.92; Shares withheld: 13,267; Total value: $834,760
• Transaction code: F (tax withholding); footnote: shares withheld by the issuer to satisfy a tax obligation on RSU vesting
• Shares owned after transaction: not disclosed in the provided filing excerpt
• Filing date: 2026-08-24 (filed 4 days after the transaction). Form 4s are normally due within two business days, so this appears later than typical filings.

Context This was a cashless-like tax-withholding tied to RSU vesting, not an active sale on the open market—common practice when restricted shares vest. Such withholdings are routine and generally do not signal insider sentiment in the same way that outright purchases or voluntary sales might.