Form 4: nCino CFO Gregory Orenstein Reports Stock Sale and Option Exercise

Gregory Orenstein, CFO & Treasurer of nCino, Inc., reports the sale of shares to cover tax withholding and the exercise of stock options.

Summary

• Gregory Orenstein, CFO & Treasurer of nCino, Inc. reported a transaction on April 2, 2025, involving the sale of 12,101 shares of common stock at a price of $20.863 per share.
• The sale was to cover tax withholding due upon the vesting of Restricted Stock Units (RSUs).
• Orenstein also reported the exercise of stock options on April 3, 2025, acquiring 72,448 shares of common stock at an exercise price of $2.45 per share.
• Following these transactions, Orenstein directly owns 332,091 shares of nCino, Inc.
• The stock options exercised were granted with an exercise price of $2.45, became exercisable on November 1, 2025, and expire on that date.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing primarily reports routine transactions (tax-related stock sales and option exercises) by a company executive.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.

Stakeholder Impact

• The sale of shares to cover tax obligations may have a slight negative impact on shareholders due to the increased supply of shares in the market, but this is a common practice.
• The exercise of stock options dilutes existing shareholders' equity.

Key Dates

Keywords

nCino, Gregory Orenstein, CFO, stock options, Form 4, share sale, RSU, tax withholding, insider trading