Form 4: Insight Holdings Group Sells $31.50 nCino Shares

Insight Holdings Group, along with affiliated entities, sold a significant number of nCino, Inc. shares at a price of $31.5041 on July 11, 2024.

Summary

• On July 11, 2024, Insight Holdings Group, LLC and affiliated entities executed multiple transactions to dispose of nCino, Inc. common stock.
• The sales were conducted at a weighted average price of $31.5041 per share.
• The transactions involved several Insight Venture Partners funds, including Growth-Buyout Coinvestment Fund, Growth-Buyout Coinvestment Fund (Cayman), Growth-Buyout Coinvestment Fund (Delaware), and Growth-Buyout Coinvestment Fund (B).
• Insight Holdings Group, LLC, through its various affiliated entities, maintains indirect beneficial ownership of the remaining shares.
• Jeffrey Horing, a member of the board of managers of Insight Holdings Group, LLC, serves on the Board of Directors of nCino, Inc., potentially leading to a 'director by deputization' status for the Reporting Persons.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document primarily reports transactions without expressing positive or negative views on the company's prospects.

Risks

• The sale of a significant number of shares by a major shareholder like Insight Holdings Group could potentially exert downward pressure on nCino's stock price.

Industry Context

Sales by major shareholders are common and can be part of portfolio management strategies. The impact on nCino's stock will depend on market perception and overall company performance.

Stakeholder Impact

• Shareholders may react to the news of the stock sale, potentially influencing the stock price in the short term.
• The impact on employees, customers, suppliers, and creditors is likely to be minimal unless the stock sale signals a significant change in the company's strategic direction.

Key Dates