Courtemanche Craig F. Jr. sold $3.2M of PCOR
Courtemanche Craig F. Jr. sold 56,122 shares of PROCORE TECHNOLOGIES, INC. (PCOR) at an average of $56.19 ($56.19–$56.72, $3.15M total) across 2 trades on 2026-10-12 under a Rule 10b5-1 trading plan.
How this was made
The 30-second read
Why it matters
The disclosed sale adds new, material information about insider holdings, potentially prompting short‑term price adjustments.
Market read
Primary insider sale news; modest impact on PCOR and sector sentiment.
What to watch
The director's 10b5-1 plan pre‑arranged the sale, reducing the likelihood of insider information driving the trade.
Background
SEC Form 4 filing discloses a director's sale of PCOR shares under a pre‑arranged 10b5‑1 plan.
Ticker impact
Director Craig F. Courtemanche sold 56,122 shares for $3.15M via a 10b5-1 plan, reducing his holding to 908,316 shares.
likely slight selling pressure as investors view the sale as a negative signal
Form 4 filings are primary disclosures; a $3M sale by a director is material enough to affect short‑term sentiment, though the amount is modest relative to market cap.
Market effects
Construction‑software sector may see minor impact as investors note insider activity.
US equity market, primarily NYSE where PCOR trades.
Limited to investors tracking US tech and SaaS stocks.
Counterpoint
The sale could be routine portfolio rebalancing and not indicative of company fundamentals.
Key entities
- CompanyProcore Technologies, Inc.
US‑listed construction‑software provider (ticker PCOR).
- InsiderCraig F. Courtemanche Jr.
Director of Procore who sold shares.
