Form 4: nCino CFO Gregory Orenstein Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
nCino's CFO and Treasurer, Gregory Orenstein, sold 2,410 shares of common stock on April 8, 2024, to cover tax withholding obligations related to vesting RSUs.
Summary
- On April 8, 2024, Gregory Orenstein, CFO & Treasurer of nCino, Inc. (NCNO), sold 2,410 shares of common stock.
- The sale was executed at a price of $34.413 per share.
- The transaction was conducted to cover tax withholding obligations due upon the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Orenstein directly owns 295,246 shares of nCino common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations. It doesn't indicate a change in the executive's confidence in the company.
Industry Context
Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among corporate executives and are generally viewed as routine transactions.
Stakeholder Impact
- The sale is unlikely to have a significant impact on stakeholders as it is a routine transaction to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/08/2024 | Date of the stock sale transaction. |
| 04/10/2024 | Date of signature on the Form 4 filing. |
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