Form 4: nCino CEO Sean Desmond Sells Shares to Cover Tax Obligations

nCino CEO Sean Desmond sold 5,034 shares of common stock on February 4, 2025, at a price of $32.603 per share to cover tax withholding obligations related to vesting RSUs.

Summary

• On February 4, 2025, Sean Desmond, CEO of nCino, Inc. (NCNO), sold 5,034 shares of common stock.
• The shares were sold at a price of $32.603 per share.
• The sale was executed to cover tax withholding obligations due upon the vesting of Restricted Stock Units (RSUs).
• Following the transaction, Desmond directly owns 306,477 shares of nCino common stock.
• The sale was mandated by nCino's equity incentive plans to satisfy tax withholding obligations and does not represent a discretionary trade by the reporting person.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes). It doesn't indicate positive or negative sentiment.

Industry Context

Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among executives of publicly traded companies. This is a standard part of executive compensation and equity management.

Stakeholder Impact

• The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.

Key Dates