Chairman of Board Files Intent to Sell $82.5M in Stock
PCOR is trading near its 52-week low of $45.02 (5.3% above the low).
Summary
Procore Technologies' Chairman of the Board, Craig F. Jr. Courtemanche, has filed to sell 1.7 million shares worth $82.5 million, a substantial insider disposition.
Key Events · Ownership and Investor Activity · PCOR
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Chairman Files Intent to Sell
Craig F. Jr. Courtemanche, Chairman of the Board and a Director, has filed a Form 144 to sell 1,700,000 shares of common stock.
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Significant Value
The proposed sale is valued at approximately $82,569,000.00, representing a substantial disposition by a key executive.
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Pre-arranged Transaction
The filing indicates this intent to sell is related to existing share collar transaction contracts and pledge arrangements, with the broker initiating hedging activity.
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Recent Insider Selling Pattern
This filing follows a pattern of insider selling, with the same individual having sold 168,365 shares for $8.75 million in the past three months.
Analysis · PCOR · Technology
Craig F. Jr. Courtemanche, the Chairman of the Board and a Director, has filed a Form 144 indicating an intent to sell 1,700,000 shares of common stock, valued at approximately $82.5 million. This represents a significant reduction in personal exposure by a key executive, even though the filing notes it relates to a pre-arranged share collar transaction and associated broker hedging activity. Such a large disposition by the Chairman can be interpreted as a negative signal regarding future growth or valuation, despite the structured nature of the sale.
How filings like this one have moved
In the 30 days to Sep 23, 2026, 39.7% of the 353 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.30%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PCOR was trading at $47.41 on NYSE in the Technology sector, with a market capitalization of approximately $7.2B. The 52-week trading range was $45.02 to $82.32. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.