Form 4: nCino CFO Gregory Orenstein Executes Stock Options and Sells Shares Under 10b5-1 Plan

nCino's CFO, Gregory Orenstein, exercised stock options and sold shares of common stock on August 23, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On August 23, 2024, Gregory Orenstein, CFO & Treasurer of nCino, Inc., exercised stock options to acquire 45,114 shares of common stock at a price of $4.98 per share.
• Simultaneously, Orenstein sold 45,114 shares of nCino common stock at a weighted average price of $35.0329, with prices ranging from $35.00 to $35.15.
• These transactions were executed under a Rule 10b5-1 trading plan adopted on January 16, 2024.
• Following these transactions, Orenstein directly owns 276,892 shares of common stock and holds options for 4,886 shares.
• The options were originally granted with an exercise price of $4.98 and are currently exercisable, expiring on February 1, 2027.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports routine transactions under a pre-existing trading plan. There is no indication of positive or negative implications for the company.

Positives

• The transactions were executed under a pre-arranged Rule 10b5-1 trading plan, which is generally viewed as a transparent and compliant practice.

Future Outlook

There is no future outlook provided in this document.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the trading activities of company insiders. The use of a 10b5-1 plan is a common practice to avoid accusations of insider trading.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates