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

Insight Holdings Group, along with affiliated entities, reports the sale of nCino, Inc. shares across multiple transactions on June 21 and June 24, 2024.

Summary

• Insight Holdings Group, LLC and affiliated entities, including Insight Venture Partners, sold nCino, Inc. (NCNO) common stock on June 21 and June 24, 2024.
• The sales occurred in multiple transactions with weighted average prices of $31.5998 on June 21 and $31.5297 on June 24.
• The prices ranged from $31.400 to $31.815 on June 21 and from $31.500 to $31.765 on June 24.
• The transactions involved several entities including Insight SN Holdings, LLC, Insight Venture Partners (Cayman) X, L.P., Insight Venture Partners (Delaware) X, L.P., and Insight SN Holdings 2, LLC.
• After these transactions, the entities still hold significant amounts of nCino common stock indirectly.
• Jeffrey Horing, a member of the board of managers of Insight Holdings Group, LLC, serves on the Board of Directors of nCino, Inc., potentially making the reporting persons 'directors by deputization'.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to stock sales by a major shareholder, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice when significant shareholders or insiders of a publicly traded company buy or sell shares, providing transparency to the market.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for company insiders and large shareholders, such as Insight Holdings Group, when they trade shares of their company.
• The level of detail provided, including weighted average prices and price ranges, is consistent with SEC guidelines for transparency.
• Similar filings are common for other major shareholders in publicly traded companies across various industries.

Stakeholder Impact

• The sale of shares by a major holder like Insight Holdings Group could potentially influence investor sentiment and the stock price of nCino.

Key Dates