Form 4: Insight Holdings Group Sells nCino Shares in Multiple Transactions

Insight Holdings Group, along with affiliated entities, sold shares of nCino, Inc. common stock in a series of transactions between June 25 and June 27, 2024, at a weighted average price of approximately $31.50 per share.

Summary

• Insight Holdings Group, LLC, along with several affiliated investment funds, reported the sale of nCino, Inc. common stock.
• The sales occurred between June 25 and June 27, 2024.
• The shares were sold at a weighted average price ranging from $31.500 to $31.550 per share.
• The transactions involved multiple entities including Insight Venture Partners Growth-Buyout Coinvestment Fund, L.P., Insight Venture Partners Growth-Buyout Coinvestment Fund (Cayman), L.P., Insight Venture Partners Growth-Buyout Coinvestment Fund (Delaware), L.P., and Insight Venture Partners Growth-Buyout Coinvestment Fund (B), L.P.
• Following these transactions, Insight Holdings Group and affiliated entities continue to beneficially own a significant number of nCino shares indirectly.
• Jeffrey Horing, a member of the board of managers of Insight Holdings Group, LLC, serves on the Board of Directors of nCino, Inc.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing reporting stock sales. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about transactions.

Industry Context

This filing reflects ongoing transactions by major shareholders in publicly traded companies, which are routinely monitored by investors for insights into investor sentiment and potential future stock performance.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, as mandated by the SEC.
• The level of detail provided in the explanation of responses and joint filer information is consistent with regulatory requirements for transparency.
• Similar transactions are common among venture capital and private equity firms managing large portfolios of publicly traded companies.

Stakeholder Impact

• The stock sales by Insight Holdings Group could potentially influence the market price of nCino shares.
• The transactions may be of interest to current and potential shareholders of nCino.

Key Dates