Form 4: Insight Holdings Group Sells nCino Shares Under 10b5-1 Plan

Insight Holdings Group, along with affiliated entities, sold shares of nCino, Inc. common stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Insight Holdings Group, LLC and related entities, including Insight Venture Partners funds, reported the sale of nCino, Inc. common stock on July 22 and 23, 2024.
• The sales were executed under a Rule 10b5-1 plan adopted on April 10, 2024.
• The shares were sold in multiple transactions at weighted average prices of $33.1617 and $33.531.
• The sales involved several Insight Venture Partners funds, including IVP IX, IVP Cayman IX, IVP Delaware IX, and IVP Co-Investors IX.
• The reporting persons may be deemed 'directors by deputization' due to Jeffrey Horing's service on nCino's Board of Directors.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales. It doesn't convey strong positive or negative sentiment, as it's a factual disclosure.

Industry Context

Sales by major shareholders like Insight Holdings Group are common and often pre-planned to avoid accusations of insider trading. Rule 10b5-1 plans allow insiders to sell shares at predetermined times and prices.

Stakeholder Impact

• The stock sales by Insight Holdings Group could potentially create downward pressure on the stock price in the short term.
• The sales may reduce the ownership stake of Insight Holdings Group, a major shareholder.

Key Dates