Form 4: nCino Director Jeff Horing Sells Shares in Multiple Transactions

Director Jeff Horing of nCino, Inc. sold a total of 91,376 shares of common stock in multiple transactions on December 13th and 16th, 2024.

Summary

• Jeff Horing, a director at nCino, Inc., sold 20,703 shares of common stock on December 13, 2024, at a weighted average price of $36.6312 per share.
• He then sold an additional 70,673 shares on December 16, 2024, at a weighted average price of $36.107 per share.
• These transactions reduced his indirect holdings to 8,987,625 shares.
• Horing also has 137,527 shares held indirectly and 117,603 shares held directly, including 5,874 restricted stock units (RSUs) that vest in 2025 or upon a change of control.
• The shares are held through various entities associated with Insight Partners.

Sentiment

Score: 4

Explanation: The document details insider selling, which is generally viewed with caution by investors. However, the transactions are not large enough to cause significant alarm.

Negatives

• The sale of shares by a director could be perceived negatively by the market.

Risks

• Large sales by insiders can sometimes signal a lack of confidence in the company's future performance.
• The market may react negatively to the director's share sales.

Industry Context

Insider trading activity is a common occurrence in the stock market, and these transactions are closely monitored by investors for insights into management's perspective on the company's future.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting insider transactions in publicly traded companies.
• The volume of shares sold by Jeff Horing is not unusual for a director of a company, but the market reaction will depend on the overall sentiment towards nCino.

Stakeholder Impact

• Shareholders may react to the news of insider selling, potentially impacting the stock price.
• The transactions do not directly impact employees, customers, or suppliers.

Key Dates

Keywords

nCino, Jeff Horing, insider trading, share sale, Form 4, stock transaction, Insight Partners, director