Company: PCOR
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021898
Chunk: 6

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part II, Item 2
Chunk 6
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 awards that are outstanding at the time of such termination, subject to such Non-CEO Executive Officer’s execution of an appropriate release of claims. The Executive Severance Agreements are effective as of the date executed, and amended and restated each Non-CEO Executive Officer’s original severance agreement. All other material terms and conditions of each Non-CEO Executive Officer’s original severance agreement with the Company remain unchanged in the Executive Severance Agreements. 

The foregoing description of the Executive Severance Agreement is not complete and is qualified in its entirety by reference to the full text of the form of Executive Severance Agreement, which is filed as Exhibit 10.1 to this Quarterly Report on Form 10-Q and incorporated by reference herein.

Insider Trading Arrangements

During the quarterly period ended March 31, 2025, our directors and officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted or terminated the contracts, instructions, or written plans for the purchase or sale of our securities as set forth in the table below. Specifically, following the Company's announcement of our Chief Executive Officer succession process earlier this year, Mr. Courtemanche terminated his Rule 10b5-1 plan before any transactions were executed under the plan. 

Type of Trading ArrangementName and PositionActionAdoption/Termination DateRule 10b5-1(1)Non-Rule 10b5-1(2)Total Shares of Common Stock to be Sold(3)Expiration DateCraig F. Courtemanche, Jr., President, Chief Executive Officer, and Director(4)TerminationMarch 11, 2025x2,065,008April 1, 2026(1) Contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act.(2) “Non-Rule 10b5-1 trading arrangement” as defined in Item 408(c) of Regulation S-K under the Exchange Act.(3) Represents the maximum number of shares that could have been sold pursuant to the Rule 10b5-1 trading arrangement had it not been terminated.(4) This Rule 10b5-1 trading arrangement was adopted on December 11, 2024, by the Craig F. Courtemanche and Hillary Courtemanche Family Trust dtd 11/1/2012, The Courtemanche 2016 Irrevocable Trust UA dtd 11/