Form 4: nCino CEO Pierre Naude Reports Acquisition and Disposal of Common Stock
SEC Form 4 Filing
CEO Pierre Naude reports acquiring and disposing of nCino, Inc. common stock on April 1, 2024, along with holding restricted stock units.
Summary
- Pierre Naude, CEO of nCino, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On April 1, 2024, Naude acquired 211,342 shares of common stock.
- On the same day, Naude disposed of 1,170,319 shares of common stock.
- Following these transactions, Naude directly owns 1,170,319 shares of nCino, Inc.
- Naude also holds restricted stock units (RSUs) that vest in four equal annual installments starting on April 1, 2025, contingent upon continued employment.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The reporting person's restricted stock units vest in four equal annual installments starting on April 1, 2025, subject to continued employment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's stock ownership.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of stock acquisition and disposal. |
| 04/01/2025 | First vesting date for restricted stock units. |
| 04/03/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.