Form 4: nCino CFO Gregory Orenstein Sells Shares to Cover Tax Obligations

Gregory Orenstein, CFO & Treasurer of nCino, Inc., sold shares of common stock to cover tax withholding obligations related to vesting RSUs.

Summary

• On February 4, 2025, Gregory Orenstein, the CFO & Treasurer of nCino, Inc. (NCNO), sold 5,148 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, Orenstein directly owns 271,744 shares of nCino common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations. It doesn't indicate any significant positive or negative developments for the company. The sentiment is neutral to slightly positive as it confirms the vesting of RSUs, which is part of the planned compensation structure.

Management Comments

• The 'sales to cover' are mandated by the Issuer's equity incentive plans to satisfy tax withholding obligations and do not represent a discretionary trade by the reporting person.

Industry Context

Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among corporate executives. This transaction reflects a standard procedure for managing equity compensation and tax liabilities.

Stakeholder Impact

• The sale of shares by the CFO has a minimal impact on shareholders as it is a routine transaction to cover tax obligations.

Key Dates

Keywords

nCino, Gregory Orenstein, NCNO, Form 4, Share Sale, CFO, Tax Withholding, RSUs, Equity Incentive Plans