Form 4: nCino Director Spencer Lake Reports Changes in Beneficial Ownership

Director Spencer Lake reported the acquisition of 5,874 common stock units and disposal of 13,665 common stock units of nCino, Inc. on June 20, 2024.

Summary

• On June 20, 2024, Spencer Lake, a director of nCino, Inc., reported changes in beneficial ownership.
• Lake acquired 5,874 shares of common stock.
• Lake disposed of 13,665 shares of common stock.
• Following these transactions, Lake directly owns 13,665 shares of nCino, Inc.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The restricted stock units 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 the reporting person's continued service through the applicable vesting date and vest fully upon a change in control of the Issuer.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key individuals within the company.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of a company director.

Key Dates