Form 4: nCino Director Jeffrey Horing Sells Shares Under 10b5-1 Plan

Director Jeffrey Horing of nCino, Inc. sold shares of common stock on October 18, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On October 18, 2024, Jeffrey Horing, a director and 10% owner of nCino, Inc. (NCNO), sold 5 shares of common stock at a price of $36.6234.
• The sale was executed under a Rule 10b5-1 trading plan adopted on April 10, 2024.
• Following the transaction, Horing directly owns 117,603 shares and indirectly owns 12,513,467 shares through various Insight Venture Partners entities and other holdings.
• The indirect holdings are spread across multiple Insight Venture Partners funds, including IVP IX, IVP GBCF, and Fund X, as well as entities like Insight SN Holdings, LLC.
• Horing also indirectly owns 137,527 shares through JPH DE Trust Holdings LLC and JPH Private Investments LLC.
• Horing's direct holdings include 5,874 restricted stock units (RSUs) that vest on the earlier of June 20, 2025, or the next annual meeting, with full vesting upon a change in control.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a transaction under a pre-existing trading plan. There is no indication of positive or negative implications for the company.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives and directors to utilize Rule 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Key Dates