Form 4: Insight Partners' Jeffrey Horing Reports Distribution of nCino Shares
SEC Form 4 Filing
Jeffrey Horing, a director and 10% owner of nCino, Inc., reported the distribution of shares by Insight Partners to its members and partners.
Summary
- On April 9, 2024, Insight SN Holdings, LLC distributed 517,120 shares of nCino common stock to its members.
- Insight Venture Partners IX, L.P., and related entities distributed an aggregate of 5,000,000 shares to their partners on a pro rata basis.
- Various Insight Venture Associates entities acquired direct ownership of shares in connection with the distribution.
- Jeffrey Horing received 37,785 shares as a partner of one or more of the entities involved in the distribution.
- Horing also indirectly owns shares through JPH Private Investments LLC and JPH DE Trust Holdings LLC.
- Horing directly owns 95,098 shares, including 5,770 restricted stock units (RSUs) that vest on June 22, 2024, or the next annual meeting, with full vesting upon a change in control.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to share distribution, with neutral sentiment.
Industry Context
This filing reflects the ongoing management of investment portfolios by venture capital firms like Insight Partners, which often involves distributing shares to partners.
Stakeholder Impact
- The distribution of shares may have a minor impact on the overall shareholder base of nCino.
Key Dates
| Date | Description |
|---|---|
| 04/09/2024 | Date of share distribution by Insight SN Holdings, LLC and Insight Venture Partners IX, L.P. and related entities |
| 04/11/2024 | Date of signature of the report by Jeffrey Horing |
| 06/22/2024 | Vesting date for 5,770 restricted stock units (RSUs), or the date of the next annual meeting |
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