Form 4: Insight Partners' Horing Reports nCino Stock Transactions

Jeffrey Horing, a director and 10% owner of nCino, Inc., reports acquisition and disposal of common stock and holdings through affiliated entities.

Summary

• On June 20, 2024, Jeffrey Horing reported transactions involving nCino, Inc. common stock.
• Horing acquired 5,874 shares of common stock at $0.
• Horing disposed of 117,603 shares of common stock.
• Following these transactions, Horing directly owns 0 shares and indirectly owns 26,437,687 shares through various Insight Venture Partners entities.
• These entities include Insight Venture Partners IX, L.P., Insight Venture Partners Growth-Buyout Coinvestment Fund, L.P., Insight SN Holdings, LLC, and Insight Venture Partners X, L.P.
• Horing also indirectly owns 137,527 shares through JPH DE Trust Holdings LLC and JPH Private Investments LLC.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a major shareholder and director, providing transparency to the market regarding insider activity in nCino, Inc.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders like Jeffrey Horing, providing transparency into their transactions in company stock.
• The level of detail provided, including indirect ownership through various investment funds, is consistent with regulatory requirements and industry norms for such disclosures.
• Comparable filings can be seen from directors and major shareholders of similar publicly traded companies in the fintech and cloud banking sectors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The transactions themselves may have a minor impact on stock price due to the volume of shares involved.

Key Dates