Form 4: nCino Director Pierre Naude Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Pierre Naude sold 31,123 shares of nCino, Inc. to cover tax withholding obligations upon vesting of RSUs.
Summary
- On April 2, 2025, Pierre Naude, a director of nCino, Inc., sold 31,123 shares of common stock at a price of $20.863 per share.
- The sale was executed to cover tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Naude directly owns 1,066,090 shares of nCino common stock.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among company executives and directors. This type of transaction is generally viewed as a routine financial activity and doesn't necessarily reflect a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 04/02/2025 | Date of the transaction (sale of shares) |
| 04/04/2025 | Date of signature on the Form 4 filing |
Keywords
nCino, Pierre Naude, Director, Share Sale, Form 4, Tax Withholding, RSUs, NCNO
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