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

Insight Holdings Group, along with affiliated entities, sold shares of nCino, Inc. in multiple transactions on June 21 and June 24, 2024, at weighted average prices.

Summary

• Insight Holdings Group, LLC and affiliated entities, including various Insight Venture Partners funds, reported the sale of nCino, Inc. common stock.
• The sales occurred on June 21 and June 24, 2024.
• On June 21, shares were sold at a weighted average price of $31.5998, with individual transaction prices ranging from $31.400 to $31.815.
• On June 24, shares were sold at a weighted average price of $31.5297, with individual transaction prices ranging from $31.500 to $31.765.
• The transactions involved multiple entities within the Insight Partners network, including Insight Venture Partners Growth-Buyout Coinvestment Fund, L.P., and related funds.
• After these transactions, the entities still hold significant amounts of nCino common stock indirectly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports stock sales by a major shareholder, which could be interpreted in various ways depending on the context and market conditions. It's a factual report of transactions.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and major shareholders, providing transparency to the market.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for insiders and major shareholders of publicly traded companies in the United States.
• The transactions are similar to those seen by other major shareholders in the technology sector, such as sales by venture capital firms after a company's IPO or during periods of market volatility.
• Comparable companies like Veeva Systems or Salesforce also see similar filings from their major shareholders and insiders.

Stakeholder Impact

• The stock sale by Insight Holdings Group could potentially influence investor sentiment regarding nCino.
• The transactions may affect the supply and demand dynamics of nCino's stock, potentially impacting its price.

Key Dates