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

nCino's CFO and Treasurer, Gregory Orenstein, sold 2,356 shares of common stock on April 8, 2025, to cover tax withholding obligations related to vesting RSUs.

Summary

• On April 8, 2025, Gregory Orenstein, CFO & Treasurer of nCino, Inc. (NCNO), sold 2,356 shares of common stock.
• The sale was executed at a price of $22.309 per share.
• The transaction was a 'sale to cover' tax withholding obligations due upon the vesting of Restricted Stock Units (RSUs).
• Following the transaction, Orenstein directly owns 329,735 shares of nCino common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes). It doesn't indicate positive or negative sentiment towards the company's prospects.

Industry Context

Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among corporate executives. This type of transaction is generally viewed as a routine event and may not necessarily reflect a change in the executive's long-term outlook on the company.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, although this is a routine transaction to cover tax obligations.

Key Dates

Keywords

nCino, Gregory Orenstein, NCNO, Form 4, SEC Filing, CFO, Stock Sale, Tax Withholding, RSUs, Equity Incentive Plans