Form 4: nCino CFO Gregory Orenstein Reports Stock Transactions

nCino's CFO and Treasurer, Gregory Orenstein, reported the acquisition and disposal of company stock, including the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• Gregory Orenstein, CFO & Treasurer of nCino, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 1, 2025, Orenstein acquired 150,862 shares of common stock through the vesting of restricted stock units (RSUs) at a price of $0.
• These RSUs vest in sixteen equal quarterly installments starting on August 1, 2025, contingent upon continued employment.
• On May 2, 2025, Orenstein sold 10,343 shares of common stock at $23.004 per share.
• The sale was to cover tax withholding obligations due upon the vesting of the RSUs.
• Following these transactions, Orenstein beneficially owns 470,254 shares of nCino common stock.

Sentiment

Score: 6

Explanation: The document reflects routine transactions related to executive compensation. It's neutral in sentiment as it simply reports required information.

Positives

• The vesting of RSUs indicates a continued alignment of the CFO's interests with the company's performance.

Future Outlook

The RSUs will continue to vest in sixteen equal quarterly installments starting on August 1, 2025, subject to continued employment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates the CFO's transactions related to vested equity compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.

Key Dates

Keywords

Form 4, nCino, Gregory Orenstein, CFO, Stock, RSU, Restricted Stock Units, Beneficial Ownership, Tax Withholding, Securities