Form 4: Insight Partners' Jeffrey Horing Sells nCino Shares in Multiple Transactions
SEC Form 4 Filing
Jeffrey Horing, a director and 10% owner of nCino, Inc., executed multiple sales of common stock on June 21 and June 24, 2024, at weighted average prices.
Summary
- Jeffrey Horing, a director and 10% owner of nCino, Inc., reported the sale of nCino common stock.
- On June 21, 2024, 456,169 shares were sold at a weighted average price of $31.5998, with individual prices ranging from $31.400 to $31.815.
- On June 24, 2024, 323,332 shares were sold at a weighted average price of $31.5297, with individual prices ranging from $31.500 to $31.765.
- Following these transactions, Horing indirectly owns 25,658,186 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, which is neutral in sentiment. It doesn't inherently indicate positive or negative views about the company's future.
Industry Context
Sales by significant shareholders like Jeffrey Horing are often monitored by the market as they can indicate the shareholder's perspective on the company's valuation and future prospects.
Comparison to Industry Standards
- It is difficult to compare these transactions to industry standards without knowing the specific investment strategies of Insight Partners and Horing's personal financial situation.
- However, sales by insiders are common and are usually evaluated in the context of the company's performance, industry trends, and overall market conditions.
- Comparable transactions would involve similar sales by directors or large shareholders in publicly traded software companies.
Stakeholder Impact
- The sale of shares by a significant shareholder could potentially create short-term price volatility.
- However, the long-term impact on stakeholders depends on the company's performance and overall market conditions.
Key Dates
| Date | Description |
|---|---|
| 06/21/2024 | Sale of 456,169 shares of nCino common stock. |
| 06/24/2024 | Sale of 323,332 shares of nCino common stock. |
| 06/25/2024 | Date of signature for the SEC Form 4 filing. |
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