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 multiple transactions on July 2nd and 3rd, 2024, at weighted average prices around $31.50.

Summary

• Insight Holdings Group, LLC and affiliated entities, including Insight Venture Partners, sold shares of nCino, Inc. common stock.
• The transactions occurred on July 2nd and 3rd, 2024.
• The sales were executed at weighted average prices ranging from $31.500 to $31.600 per share.
• The reporting persons undertake to provide full information regarding the number of shares sold at each separate price within the range upon request.
• The filing is split into three forms due to the SEC's EDGAR system limit of 10 reporting persons per form.
• 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 SEC filing related to stock sales. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.

Management Comments

• Jeffrey Horing, a member of the board of managers of Insight Holdings Group, LLC, serves on the Board of Directors of the Issuer (the 'Board').
• Solely for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'), each of the Reporting Persons may be deemed to be a 'director by deputization' of the Issuer as a result of the service of Mr. Horing on the Board.

Industry Context

This filing indicates a change in ownership stake by a major shareholder, Insight Holdings Group, which is a common occurrence in the investment landscape. The impact on nCino's stock price will depend on market perception of the reasons behind the sale.

Stakeholder Impact

• The sale of shares by a major shareholder like Insight Holdings Group could potentially impact shareholder confidence and the stock price of nCino, Inc.

Key Dates