This insider selling cluster is immaterial in size relative to Procore's $8.9B market cap and involves only directors, not C-suite executives. The sales are likely liquidity-driven, especially Courtemanche's exercise-and-sell pattern. No bearish signal here. Monitor next quarterly filing for any change in fundamentals.
Price Chart
Executive Summary
Two directors at Procore Technologies sold a combined $1.14M in open-market shares over a one-week window. Director Courtemanche exercised and immediately sold a large block of option shares, while Director O'Connor also sold. The total sales represent approximately 0.013% of the company's $8.9B market cap, a trivial amount that does not signal a material change in the company's outlook.
Key Financial Metrics
Key Facts
- Director Courtemanche exercised 56,122 derivative shares at $2.42 and sold 56,122 shares in two open-market transactions for a total of ~$3.2M in proceeds.
- Director O'Connor sold 7,700 shares at $54.98 for ~$423K.
- Total open-market sales by insiders in this cluster: ~$1.14M.
- Total insider sales represent approximately 0.013% of Procore's $8.9B market cap, well below the 0.1% materiality threshold.
- The cluster includes two directors, not C-suite executives, and the sales are small relative to the company's size.
Financial Impact
Total insider sales of $1.14M represent 0.013% of market cap — trivial and routine.
Risk Factors
- Insider selling could accelerate if management perceives headwinds, but current cluster is too small to draw a bearish conclusion.
- The company's historical win rate on prior reports is only 44% at T+20, suggesting the stock's movements are poorly predicted by filing-based signals.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PCOR-1786579905961 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 25, 2026 5w ago | Insider Cluster | $60.61 $51.06 | ▼ −15.76% | ▼ −16.73% | $50.95 (−15.94%) |
Aug 25, 2026 5w ago | Insider Cluster | $60.61 $51.06 | ▼ −15.76% | ▼ −16.73% | $50.95 (−15.94%) |
Aug 19, 2026 6w ago | 144 | $63.28 $51.27 | ▼ −18.98% | ▼ −18.98% | $50.95 (−19.48%) |
Aug 14, 2026 7w ago | Insider Cluster | $59.80 $56.74 | ▼ −5.12% | ▼ −3.13% | $50.95 (−14.80%) |
Aug 13, 2026 7w ago | Insider Cluster | $62.17 $53.26 | ▼ −14.33% | ▼ −12.58% | $50.95 (−18.05%) |
Aug 4, 2026 8w ago | 144 | $55.69 $59.49 | ▲ +6.82% | ▲ +7.42% | $50.95 (−8.51%) |
Jul 2, 2026 13w ago | 8-K | $43.97 $53.79 | ▲ +22.33% | ▲ +22.75% | $50.95 (+15.87%) |
Jun 18, 2026 15w ago | Insider Cluster | $39.99 $45.13 | ▲ +12.85% | ▲ +12.32% | $50.95 (+27.41%) |
Jun 15, 2026 15w ago | 144 | $41.81 $43.04 | ▲ +2.94% | ▲ +2.74% | $50.95 (+21.86%) |
May 5, 2026 21w ago | 8-K | $54.69 $52.70 | ▼ −3.64% | ▼ −8.59% | $50.95 (−6.84%) |
US Market Status
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