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

Director Jeffrey Horing of nCino, Inc. executed sales of common stock on July 26 and July 29, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Jeffrey Horing, a director and 10% owner of nCino, Inc., reported the sale of common stock on July 26 and July 29, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on April 10, 2024.
• On July 26, 2024, 921,614 shares were sold at a weighted average price of $33.4957, with prices ranging from $33.350 to $34.005.
• On July 29, 2024, 50,000 shares were sold at a weighted average price of $33.2971, with prices ranging from $33.100 to $33.650.
• Following these transactions, Horing directly owns 117,603 shares and indirectly owns 17,502,574 shares through various entities including Insight Venture Partners funds.
• Horing also indirectly owns 137,527 shares through JPH DE Trust Holdings LLC and JPH Private Investments LLC.
• The reported transactions also include 5,874 restricted stock units (RSUs) that vest in full on the earlier of June 20, 2025 and the date of the next annual meeting of the issuer's stockholders, subject to continued service.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by a director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by company insiders are routinely monitored by investors as they can provide signals about the insider's perspective on the valuation and prospects of the company. A pre-planned sale under 10b5-1 however is less likely to be related to the insider's current outlook.

Stakeholder Impact

• The stock sales by a director could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates