Company: PCOR
Filing Date: 2025-12-11
Form Type: 8-K
Source: 0001193125-25-316214
Chunk: 1

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-12-11
Form: 8-K
Item: Item 5.02
Chunk 1
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 the Company’s Annual Report on Form10-Kfor the fiscal year ending December 31, 2025, Mr. Hovsepian will receive an annual cash retainer of $48,100 for service on the Board, an additional annual cash retainer of $10,000 for service on the Compensation Committee, and an additional annual cash retainer of $6,400 for service on the Nominating Committee. All such annual cash retainers are payable in equal quarterly installments in arrears and prorated for any partial months of service. On December 9, 2025, Mr. Hovsepian was granted an initial restricted stock unit (“ RSU”) award having a target equity value of $530,000 (the “ Initial RSU Award”). The Initial RSU Award will vest in three equal annual installments - on November 20 of 2026, 2027, and 2028, respectively - subject to continued service through each vesting date. In addition, at the close of business on the date of each annual meeting of the Company’s stockholders (each, an “ Annual Meeting”), subject to the requirements in the Policy, Mr. Hovsepian will receive an RSU award having a target equity value of $227,500 (each, an “ Annual RSU Award”). Each Annual RSU Award will vest in full on the date of the following year’s Annual Meeting (or the date immediately preceding the date of the following year’s Annual Meeting if his service on the Board ends at such meeting), subject to his continued service through the applicable vesting date. The Initial RSU Award is, and any Annual RSU Awards will be, subject to the terms and conditions of the Company’s 2021 Equity Incentive Plan, as amended, and its related agreements.