Fleming William Fred Jr 4
4 · PROCORE TECHNOLOGIES, INC. · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Procore (PCOR) SVP William Fleming Exercises Options
What Happened
William Fleming, SVP and Corporate Controller of Procore Technologies (PCOR), exercised stock options related to 9,500 shares at an exercise price of $12.22 per share on 2026-03-12, resulting in $116,090 in proceeds. The filing also shows a matching disposal of 9,500 shares at $12.22 (also $116,090), indicating the shares acquired by exercise were immediately disposed (net change in holdings = 0).
Key Details
- Transaction date: 2026-03-12; Filing date: 2026-03-16.
- Exercise details: 9,500 shares exercised @ $12.22 = $116,090 (Acquired).
- Disposal details: 9,500 shares disposed @ $12.22 = $116,090 (Derivative/Disposition).
- Net shares acquired: 0 (acquired and disposed amounts match).
- Shares owned after transaction: Not specified in the provided excerpt.
- Footnote F1: Option vesting—1/4 vested on June 4, 2019, then 1/48th monthly thereafter, subject to continued service.
- No late-filing flag provided in the excerpt; review full Form 4 for timeliness notes.
Context
This was an option exercise with an immediate disposal of the same shares (commonly a cashless exercise or sale-to-cover for taxes/fees). Such transactions are often routine and don't necessarily signal a change in insider sentiment since there is no net increase in the insider’s holdings.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-03-12$12.22/sh+9,500$116,090→ 76,413 total - Exercise/Conversion
Stock Option (Right to Buy)
[F1]2026-03-12$12.22/sh−9,500$116,090→ 10,670 totalExercise: $12.22Exp: 2028-06-17→ Common Stock (9,500 underlying)
Footnotes (1)
- [F1]1/4th of the shares subject to the option vested on June 04, 2019 and 1/48th of the shares subject to the option vested monthly thereafter, subject to continued service through each applicable vesting date.