Form 4: nCino Director Spencer Lake Sells 10,000 Shares

Director Spencer Lake sold 10,000 shares of nCino, Inc. (NCNO) common stock at an average price of $34.5491 on April 2, 2024.

Summary

• On April 2, 2024, Spencer Lake, a director of nCino, Inc., sold 10,000 shares of the company's common stock.
• The sale was executed at a weighted average price of $34.5491 per share.
• The prices for individual transactions ranged from $34.50 to $34.78.
• Following the transaction, Spencer Lake directly owns 12,791 shares of nCino, Inc.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, reporting a stock sale by a company director. It is a neutral event, neither particularly positive nor negative.

Industry Context

Sales by company insiders are a common occurrence and are closely watched by investors for signals about the company's prospects. It is important to consider the context of the sale, such as the size of the sale relative to the insider's holdings and the company's overall performance.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price in the short term.

Key Dates