Form 4: Insight Holdings Group, LLC Reports Distribution of nCino, Inc. Shares

Insight Holdings Group, LLC reports the distribution of nCino, Inc. common stock by its affiliates to their respective members and partners.

Summary

• On April 9, 2024, Insight SN Holdings, LLC (SN Holdco) distributed 517,120 shares of nCino, Inc. common stock pro rata to its members, Insight Venture Partners X, L.P. and Insight Venture Partners X (Co-Investors), L.P.
• Following this, the Insight X Funds distributed an aggregate of 1,011,431 shares to their partners on a pro rata basis.
• The members of SN Holdco and partners of the Insight X Funds did not provide any consideration for the shares received.
• Insight Venture Associates X, L.P. (IVA X LP) acquired direct ownership of 106,461 shares, Insight Venture Partners X (Class A), L.P. (IVP X Class A) acquired direct ownership of 29,949 shares, and IVP (Venice), L.P. (IVP Venice) acquired direct ownership of 52,079 shares in connection with the Insight X Funds Distribution.
• IVA X LP distributed 106,461 shares pro rata to its partners, IVP X Class A distributed 29,949 shares pro rata to its partners, and IVP Venice distributed 61,626 shares pro rata to IVP Feeder, L.P., which further distributed such shares pro rata to its partners.
• These distributions were made in accordance with the respective ownership interests as determined by the applicable limited partnership agreements.
• The respective partners of IVA X LP, IVP X Class A, IVP Venice, IVP Feeder and IVP Rome did not furnish any consideration in exchange for the Shares received in connection with such distribution.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing internal share distributions, indicating a neutral sentiment.

Industry Context

This filing reflects internal restructuring and distribution of shares within the Insight Partners network, a common activity among investment firms managing large portfolios.

Related Party Transactions

• The document details distributions of shares among related entities within the Insight Partners network, indicating related party transactions.

Stakeholder Impact

• The distribution of shares may have a minor impact on the ownership structure of nCino, Inc., but is unlikely to significantly affect other stakeholders.

Key Dates