Benjamin C. Singer, Chief Legal Officer and Secretary at Procore Technologies (NYSE:PCOR), executed a series of sales of company common stock over two days late in February 2026 totaling 6,938 shares and generating approximately $348,023 in gross proceeds.
The transactions were carried out between February 23 and February 24, 2026, at prices ranging from $50.00 to $51.35 per share. The sales were made pursuant to a pre-arranged 10b5-1 trading plan that Singer established on August 13, 2025, according to a Form 4 filing with the Securities and Exchange Commission.
On February 23, Singer disposed of 2,208 shares at a weighted average price of $50.20, and an additional 505 shares at $51.35. The following day, February 24, he sold 4,225 shares at $50. After these transactions, Singer directly owns 64,660 shares of Procore Technologies.
Separately, the filing notes an earlier disposition on February 20 in which 4,078 shares were sold at $52.02, producing proceeds of $212,137. That sale was executed to cover tax obligations associated with the vesting of restricted stock units.
The insider activity comes while PCOR is trading close to its 52-week low of $46.08 and after a roughly 23% decline in the stock’s price over the past six months, as noted in the filing and market data cited in the report.
Earnings and analyst attention
Procore released its financial results for the fourth quarter of 2025, reporting adjusted earnings per share of $0.37, marginally above the consensus forecast of $0.36. Revenue for the quarter was $349 million, outperforming the expected $340.76 million. The company’s quarter results have attracted investor and analyst attention due to the modest outperformance versus expectations.
Third-party valuation note
According to InvestingPro analysis, PCOR appears undervalued at current levels. The platform offers comprehensive Pro Research Reports for over 1,400 US stocks, transforming complex data into actionable intelligence.
Context and implications
The Form 4 filing documents the mechanics and timing of the sales and clarifies that they were executed under a pre-established trading plan. The record also provides specific share counts and weighted average prices for each tranche of the transactions, and it records the post-sale direct ownership stake held by Singer.
No additional commentary from company insiders or other market participants is included in the filing. The information in this report is drawn from the SEC filing and the company’s published quarterly results.