Company: PCOR
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001611052-25-000007
Chunk: 10

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part II, Item 1A
Chunk 10
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 to 35 million euros or 7% of such company’s total worldwide annual turnover for the preceding financial year, whichever is greater. Certain of our activities may subject us to aspects of the EU’s AI Act. Depending on how the EU’s AI Act is implemented and interpreted, we may have to adapt our business practices, contractual arrangements, and current or planned products or services to comply with obligations imposed by the EU’s AI Act. Our use of AI technologies could also lead to regulatory investigations and consumer lawsuits. Certain privacy laws extend rights to consumers (such as the right to delete certain personal data) and regulate automated decision-making, which may complicate our use of AI, lead to regulatory fines or penalties, be incompatible with our use of AI, require us to change our business practices, retrain our AI, or prevent our use of AI. For example, the Federal Trade Commission has required other companies to turn over or disgorge valuable insights or trainings generated through the use of AI where they allege the company has violated privacy and consumer protection laws. Complying with applicable laws, rules, and regulations governing AI could increase our cost of doing business, require significant resources or technical modifications to our systems, change the way that we operate in certain jurisdictions, and impede our ability to offer AI in certain products or use AI in our business operations. 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

Unregistered Sales of Equity Securities

None.

Issuer Purchases of Equity Securities

On October 29, 2024, our Board authorized a stock repurchase program to repurchase up to $300.0 million of our outstanding common stock.

The following table summarizes the stock repurchase activity and the approximate dollar value of shares that may yet be purchased pursuant to our authorized stock repurchase program for the three months ended June 30, 2025:

PeriodTotal Number of Shares PurchasedAverage Price Paid Per Share(1)Total Number of Shares Purchased Under Publicly Announced ProgramsApproximate Dollar Value of Shares that May Yet be Purchased Under the Program (in thousands)April 1 - April 30—$— —$200,000 May 1 - May 3131,111$64.51 31,111$198,000 June 1 - June 3017,392$64.65 17,392$197,000 Total48,50348,503$197,000 

(1) The average price paid per share includes