Form 4: Insight Partners' Horing Sells nCino Shares in Multiple Transactions

Jeffrey Horing of Insight Partners sold nCino shares in multiple transactions on July 2nd and 3rd, 2024, at weighted average prices.

Summary

• Jeffrey Horing, a director and 10% owner of nCino, Inc., reported the sale of common stock on July 2nd and 3rd, 2024.
• On July 2nd, 133,487 shares were sold at a weighted average price of $31.5058, with prices ranging from $31.500 to $31.565.
• On July 3rd, 9,922 shares were sold at a weighted average price of $31.5082, with prices ranging from $31.500 to $31.600.
• Following these transactions, Horing indirectly beneficially owns 24,870,058 shares through various Insight Venture Partners entities.
• Horing also directly owns 117,603 shares and indirectly owns 137,527 shares through JPH DE Trust Holdings LLC and JPH Private Investments LLC.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by a major shareholder. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about transactions.

Industry Context

This Form 4 filing indicates a change in beneficial ownership of nCino stock by a significant shareholder, Insight Partners. Such filings are common and provide transparency into the trading activities of company insiders and major stakeholders.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, as mandated by the SEC.
• The reported transactions are similar to those seen with other publicly traded companies where major shareholders periodically adjust their holdings.

Stakeholder Impact

• The sale of shares by a significant shareholder like Insight Partners could potentially influence investor sentiment and the stock price of nCino.

Key Dates