Form 4: nCino Director Jeff Horing Sells $5.1 Million in Common Stock

Director Jeff Horing of nCino, Inc. reports the sale of 5,100,000 shares of common stock at $35.20 per share on April 1, 2024.

Summary

• On April 1, 2024, Jeff Horing, a director of nCino, Inc., sold 5,100,000 shares of common stock at a price of $35.20 per share.
• Following the transaction, Horing continues to indirectly hold a significant number of nCino shares through various entities affiliated with Insight Partners.
• These entities include Insight Venture Partners IX, L.P., Insight Venture Partners Growth-Buyout Coinvestment Fund, L.P., Insight SN Holdings, LLC, and Insight Venture Partners X, L.P.
• Horing also directly owns 57,313 shares of common stock and indirectly owns 19,104 shares through JPH DE Trust Holdings LLC and JPH Private Investments LLC.
• The reported transaction was filed with the SEC on April 3, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, but the market's reaction to the sale could influence sentiment.

Industry Context

Sales of shares by company insiders are a common occurrence and are closely watched by investors for signals about the company's prospects. It is important to consider the overall context of insider transactions, including the size of the sale relative to the insider's total holdings and any patterns of buying or selling.

Stakeholder Impact

• The sale of a significant number of shares by a director could potentially impact shareholder confidence, depending on the market's interpretation of the transaction.

Key Dates