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

Insight Holdings Group, a major shareholder of nCino, Inc., has sold a portion of its common stock in a series of transactions on July 2nd and 3rd, 2024.

Summary

• Insight Holdings Group, along with affiliated entities, sold nCino, Inc. common stock in multiple transactions on July 2nd and 3rd, 2024.
• The sales occurred at weighted average prices of $31.5058 and $31.5082 per share.
• The transactions involved several Insight Venture Partners funds, including IX, Cayman IX, Delaware IX, and Co-Investors IX.
• The filing clarifies the indirect beneficial ownership of the shares by various Insight entities and individuals.
• 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 related to stock sales. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.

Industry Context

This filing reflects ongoing transactions by major shareholders, which is a common occurrence in publicly traded companies. The sales by Insight Holdings Group could be part of a broader strategy to realize gains or rebalance their portfolio.

Stakeholder Impact

• The stock sales by Insight Holdings Group could potentially influence nCino's stock price, affecting shareholders.
• The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates