Form 4: nCino Director Jeff Horing Sells Shares in Open Market Transaction

Director Jeff Horing of nCino, Inc. sold 54,876 shares of common stock at a weighted average price of $35.0012 per share on January 6, 2025.

Summary

• Jeff Horing, a director at nCino, Inc., sold 54,876 shares of common stock on January 6, 2025.
• The shares were sold at a weighted average price of $35.0012, with individual transactions ranging from $34.510 to $35.390.
• Following the transaction, Horing beneficially owns 4,458,591 shares indirectly through various investment funds and 117,603 shares directly, including 5,874 restricted stock units.
• The indirect holdings are primarily through Insight Venture Partners funds and related entities.
• Horing also has indirect control over shares held by JPH DE Trust Holdings LLC and JPH Private Investments LLC.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of a stock sale by a director. It doesn't inherently indicate positive or negative sentiment, but the sale itself could be interpreted negatively by some investors.

Negatives

• The sale of 54,876 shares by a director could be perceived negatively by the market.

Risks

• Large sales by insiders can sometimes lead to negative market sentiment.
• The market may interpret the sale as a lack of confidence in the company's future performance.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders when they buy or sell shares of their company. It provides transparency into insider transactions.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The level of detail provided in the explanation of indirect ownership is typical for filings involving investment firms like Insight Partners.

Stakeholder Impact

• Shareholders may react to the sale of shares by a director, potentially impacting the stock price.
• The sale could influence market perception of the company's prospects.

Key Dates

Keywords

nCino, Jeff Horing, insider trading, stock sale, Form 4, beneficial ownership, Insight Partners, restricted stock units