Company: PCOR
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050149
Chunk: 10

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part II, Item 2
Chunk 10
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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. That stock repurchase program expired on October 29, 2025. On November 3, 2025, our Board authorized a new stock repurchase program. Refer to Item 5 for details about the new stock repurchase program.

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 September 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)July 1 - July 31—$— —$197,000 August 1 - August 31404,433$63.43 404,433$171,000 September 1 - September 30—$— —$171,000 Total404,433404,433$171,000 

(1) The average price paid per share includes transaction costs associated with the stock repurchase and excludes the 1% excise tax on stock repurchases imposed by the Inflation Reduction Act of 2022. 

Items 3 and 4 are not applicable and have been omitted.

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Item 5. Other Information.

Stock Repurchase Program

On November 3, 2025, the Board authorized a new stock repurchase program, authorizing us to repurchase up to $300.0 million of our outstanding common stock. We intend to opportunistically repurchase shares of our common stock from time to time through the open market, or other transactions in accordance with applicable securities laws, in each case, subject to market conditions, applicable legal requirements, and other relevant factors. Open market repurchases may be structured to occur in accordance with the requirements of Rule 10b-18 of the Exchange Act. We may also, from time to time, enter into Rule 10b5-1 trading plans to facilitate repurchases of our common stock under this authorization. The timing of stock repurchases and the actual number of shares repurchased will depend on a