Procore (NYSE: PCOR) CEO has 2,986 shares withheld for RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PROCORE TECHNOLOGIES, INC. CEO and President Ajei Gopal reported a routine tax-related share disposition. On the vesting of restricted stock units, the company withheld 2,986 shares of Common Stock at $47.37 per share to cover his tax obligation.
These shares were not sold in the open market; they were retained by the issuer to satisfy taxes owed on equity compensation. Following this withholding, Gopal directly holds 553,434 shares of Procore common stock, indicating the transaction is small relative to his overall position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gopal Ajei
Role
CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 2,986 | $47.37 | $141K |
Holdings After Transaction:
Common Stock — 553,434 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 2,986 shares
Withholding price: $47.37 per share
Shares held after transaction: 553,434 shares
3 metrics
Shares withheld for taxes
2,986 shares
Withheld to satisfy tax obligation on RSU vesting
Withholding price
$47.37 per share
Value used for tax-withholding disposition
Shares held after transaction
553,434 shares
Direct Procore common stock holdings following withholding
Key Terms
restricted stock units, tax obligation, withheld by the Issuer
3 terms
restricted stock units financial
"upon the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax obligation financial
"to satisfy a tax obligation realized by the Reporting Person"
withheld by the Issuer financial
"Represents shares withheld by the Issuer to satisfy a tax obligation"
FAQ
What insider transaction did Procore (PCOR) CEO Ajei Gopal report?
Procore CEO Ajei Gopal reported a tax-related share disposition, where 2,986 shares of common stock were withheld by the company to cover taxes due upon restricted stock unit vesting, rather than sold on the open market.
Was Ajei Gopal’s Procore (PCOR) transaction an open-market sale?
No, the transaction was not an open-market sale. The 2,986 shares were withheld by Procore to satisfy Ajei Gopal’s tax obligation from restricted stock unit vesting, a common administrative step rather than a discretionary sale into the market.