Form 4: nCino Director Jonathan Doyle Granted 7,385 Restricted Stock Units

nCino, Inc. Director Jonathan J. Doyle was granted 7,385 Restricted Stock Units (RSUs) as part of his compensation, increasing his direct beneficial ownership to 76,925 shares.

Summary

• Jonathan J. Doyle, a Director of nCino, Inc. (NCNO), was granted 7,385 shares of Common Stock in the form of Restricted Stock Units (RSUs) on June 18, 2025.
• The RSUs were acquired at a price of $0, indicating they are a grant rather than a purchase.
• Following this transaction, Mr. Doyle's direct beneficial ownership of nCino common stock increased to 76,925 shares.
• The RSUs are scheduled to vest in full on the earlier of June 18, 2026, or the date of the next annual meeting of nCino's stockholders, contingent on Mr. Doyle's continued service.
• The RSUs will also vest fully upon a change in control of nCino, Inc.

Sentiment

Score: 6

Explanation: Slightly positive, as it represents routine equity compensation for a director, aligning interests with shareholders, which is generally viewed favorably.

Positives

• The grant of Restricted Stock Units to Director Jonathan J. Doyle aligns his interests with those of shareholders, as the value of his compensation is tied to the company's stock performance.
• Equity compensation is a standard practice for retaining and incentivizing board members.

Future Outlook

The granted Restricted Stock Units are subject to future vesting conditions, specifically on the earlier of June 18, 2026, or the date of the next annual meeting of stockholders, provided the reporting person continues service. Additionally, these RSUs will vest fully upon a change in control of nCino, Inc.

Industry Context

The grant of Restricted Stock Units to a director is a common practice in the technology and financial software industries, serving as a key component of executive and board compensation packages designed to align leadership incentives with long-term shareholder value creation.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• Vesting of the 7,385 Restricted Stock Units on the earlier of June 18, 2026, or the date of the next annual meeting of stockholders, subject to continued service.
• Potential accelerated vesting of RSUs upon a change in control of nCino, Inc.

Key Dates

Keywords

SEC Form 4, nCino, NCNO, Restricted Stock Units, RSUs, Director Compensation, Insider Transaction, Equity Grant, Corporate Governance