Form 4: Insight Partners' Jeffrey Horing Sells 703,952 nCino Shares

Jeffrey Horing, a director and 10% owner of nCino, Inc., sold 703,952 shares of common stock at a weighted average price of $31.5466 on June 18, 2024.

Summary

• On June 18, 2024, Jeffrey Horing, a director and 10% owner of nCino, Inc. (NCNO), sold 703,952 shares of common stock.
• The sale was executed at a weighted average price of $31.5466 per share.
• The prices for individual transactions ranged from $31.500 to $31.700.
• Following the transaction, Horing indirectly owns 26,437,687 shares through various Insight Venture Partners entities.
• Horing also directly owns 111,729 shares, including 5,770 restricted stock units (RSUs) that vest on the earlier of June 22, 2024, or the date of the next annual meeting, or upon a change in control.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a stock sale. It doesn't inherently convey positive or negative sentiment, but the size of the sale could be interpreted in different ways by the market.

Industry Context

Sales by significant shareholders are common and can be for a variety of reasons, including portfolio diversification or personal financial planning. The market will often scrutinize such sales for signals about the company's prospects, though one sale is not necessarily indicative of a trend.

Stakeholder Impact

• Shareholders may react to the news of a large stock sale by a director and significant owner.
• The sale could influence the short-term stock price of nCino.

Key Dates