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

Jeffrey Horing, a director and 10% owner of nCino, Inc., executed multiple sales of common stock on August 14 and 15, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Jeffrey Horing, a director and 10% owner of nCino, Inc., reported changes in beneficial ownership.
• On August 14, 2024, Horing sold 800,002 shares of common stock at a weighted average price of $33.1574.
• On August 15, 2024, Horing sold 636,475 shares of common stock at a weighted average price of $33.5049.
• These transactions were executed under a Rule 10b5-1 plan adopted on April 10, 2024.
• Following these transactions, Horing directly owns 117,603 shares and indirectly owns 16,013,467 shares through various entities affiliated with Insight Partners.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock sales under a pre-arranged plan. There is no indication of positive or negative implications for the company.

Industry Context

Sales by significant shareholders are common and can be driven by various factors, including portfolio diversification or personal financial planning. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on current market information.

Stakeholder Impact

• The stock sales could potentially create downward pressure on the stock price in the short term.
• The sales do not appear to have any impact on employees, customers, suppliers, or creditors.

Key Dates