Pyles Rachel 4

What Happened Rachel Pyles, Procore Technologies (PCOR) CFO-designate, was granted 152,318 restricted stock units (RSUs) on March 10, 2026. The Form 4 reports the acquisition price as $0.00 (transaction code A — award/grant). These RSUs convert to shares upon vesting rather than representing immediately transferable shares.

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (appears timely; Form 4 is generally due within two business days).
• Amount: 152,318 RSUs granted; reported acquisition price $0.00.
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote: RSUs vest one-fourth on the first anniversary of the Vesting Commencement Date, then one-sixteenth quarterly on each Feb 20, May 20, Aug 20 and Nov 20 thereafter, subject to continued service.
• Transaction code: A (award/grant); these are derivative awards (RSUs), not an open-market purchase or sale.

Context RSU grants are a common form of executive compensation and vest over time, aligning pay with continued service and performance; they do not indicate an immediate purchase or sale of stock. The economic value realized by the insider will depend on Procore’s stock price at each vesting date and any applicable tax-withholding events.