SEC Filing Analysis: PROCORE TECHNOLOGIES, INC. (PCOR)

Executive Summary

• Trading Significance: Low
• Key Takeaway: A director executed a routine sale of common stock valued at $513,500.
• Market Impact: The transaction is immaterial relative to Procore's market capitalization and is unlikely to influence the stock price.

Company Information

Field	Value
Company	PROCORE TECHNOLOGIES, INC.
Ticker Symbol	PCOR
CIK	0001611052
Industry	SERVICES-PREPACKAGED SOFTWARE

Insider Information

Field	Value
Name	Bueker Kathryn
CIK	0001741660
Title/Position	null
Relationship	Director

Transaction Details

Field	Value
Form Type	4
Transaction Date	2025-11-11
Transaction Code	S (Sale)
Security Type	Common Stock
Shares Involved	6,500
Price Per Share	$79.00
Total Value	$513,500
Shares Owned After	13,481
Ownership Type	Direct

Financial Impact Assessment

Transaction Materiality

Metric	Value
Transaction Value	$513,500
% of Market Cap	0.0041%
Shares Transacted	6,500
% of Shares Outstanding	0.0043%
Post-Transaction Ownership	13,481 shares (0.009% of outstanding)
Materiality Assessment	Low

Impact Evaluation

• Market Cap Context: For a company with a market capitalization of $12.38 billion, this $513,500 transaction is minor and considered routine portfolio management.
• Ownership Concentration: The sale represented a notable portion (approximately 32.5%) of the director's personal holdings, but her remaining stake is minimal relative to the total shares outstanding.
• Transaction Significance: The transaction's value is less than 0.1% of the market cap and the shares involved are less than 0.1% of shares outstanding, confirming its low significance from a market perspective.

Market Impact Analysis

Stock Impact Prediction

• Direction: Neutral
• Reasoning: The sale is too small in both absolute terms and relative to the company's size to have a meaningful impact on market sentiment or stock price.

Volume & Sentiment

• Expected Volume Impact: Negligible. The transaction size is a fraction of typical daily trading volume.
• Sentiment Indicator: Neutral. Small, non-opportunistic sales by directors are common and generally not indicative of a change in company outlook.

Additional Context

Transaction Notes

• Timing: The transaction was not reported under a 10b5-1 trading plan. It represents a discretionary sale by the director.