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

Insight Holdings Group, along with affiliated entities, disposed of nCino shares in a series of transactions on June 12, 2024, at a weighted average price of $31.507 per share.

Summary

• On June 12, 2024, Insight Holdings Group, LLC and affiliated entities sold shares of nCino, Inc.
• The sales were executed at a weighted average price of $31.507 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.
• The sales resulted in a decrease in the number of shares beneficially owned by these entities.
• Jeffrey Horing, a member of the board of managers of Insight Holdings Group, LLC, serves on the Board of Directors of nCino, Inc. and may be deemed a 'director by deputization'.
• The reporting persons may be deemed to have shared voting and dispositive power over the shares held of record by the Funds.

Sentiment

Score: 5

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

Negatives

• Insight Holdings Group and affiliated entities reduced their holdings in nCino through these sales.

Industry Context

This filing reflects changes in ownership by a major shareholder, which is a common occurrence and is closely watched by investors for signals about the company's prospects.

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