---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-263429"
form_type: "8-K"
ticker: "PCOR"
cik: "0001611052"
company_name: "PROCORE TECHNOLOGIES, INC."
filed_at: "2024-11-21T23:59:59+00:00"
generated_at: "2026-05-29T20:45:01.981444+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Procore announces $300M share repurchase; outlines capital allocation priorities at 2024 Investor Day

## Summary
- $300M stock repurchase authorization over 1 year; ~3% of market cap as of Nov 15, 2024.
- Capital allocation priorities: organic growth (primary), tuck-in M&A, and share repurchases.
- FY25 S&M as % of revenue expected similar or lower vs FY24; GTM investment pulled forward from FY26.

## SEC filing metadata
- accession: 0001193125-24-263429
- form_type: 8-K
- ticker: PCOR
- cik: 0001611052
- company_name: PROCORE TECHNOLOGIES, INC.
- filed_at: 2024-11-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1611052/000119312524263429/0001193125-24-263429-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1611052/000119312524263429/d844265d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-263429
- JSON: https://secwatch.observer/filing/0001193125-24-263429.json
- Plain text: https://secwatch.observer/filing/0001193125-24-263429.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.