Company: PCOR
Filing Date: 2025-02-26
Form Type: S-8
Source: 0001193125-25-036877
Chunk: 1

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-02-26
Form: S-8
Chunk 1
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 has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

EXPLANATORY NOTE

2021 Equity Incentive Plan

The 2021
Equity Incentive Plan, as amended (the “2021 Plan”) of Procore Technologies, Inc. (the “Registrant”) provides that the total number of shares reserved for issuance under the 2021 Plan will
automatically increase on January 1st of each year for a period of ten years commencing on January 1, 2022 and ending on (and including) January 1, 2031, in an amount equal to five percent (5%) of the total number of shares of the
Registrant’s common stock (the “Common Stock”) outstanding on December 31st of the preceding year, or a lesser number of shares determined by the Registrant’s Board of Directors. Accordingly, on January 1,
2025, the number of shares of Common Stock reserved for issuance under the 2021 Plan increased by an additional 7,492,656 shares (or five percent (5%) of the outstanding shares of Common Stock as of December 31, 2024).

2021 Employee Stock Purchase Plan

The
Registrant’s 2021 Employee Stock Purchase Plan (the “2021 ESPP”) provides that the total number of shares reserved for issuance under the 2021 ESPP will automatically increase on January 1st of each year for a period of
up to ten years, commencing on January 1, 2022 and ending on (and including) January 1, 2031, in an amount equal to the lesser of (i) one percent (1%) of the total number of shares of Common Stock outstanding on December 31st of the
immediately preceding calendar year, and (ii) 3,900,000 shares of Common Stock; provided that, prior to the date of any such increase, the Registrant’s Board of Directors may determine that such increase will be less than the amount set forth
in clauses (i) and (ii), or that there will be no increase in the share reserve for such calendar year. Accordingly, on January 1, 2025, the number of shares of Common Stock reserved for issuance under the 2021 ESPP increased by an
additional 1,498,531 shares (or one percent (