Form 4: nCino Director Spencer Lake Sells 5,000 Shares
SEC Form 4 Filing
Director Spencer Lake sold 5,000 shares of nCino, Inc. (NCNO) on April 4, 2024, at a price of $35.3 per share.
Summary
- On April 4, 2024, Spencer Lake, a director of nCino, Inc. (NCNO), sold 5,000 shares of common stock.
- The sale price was $35.3 per share.
- Following the transaction, Lake directly owns 7,791 shares of nCino common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a stock sale by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This is a routine disclosure of insider trading activity. It's common for directors and officers to periodically buy or sell shares of their company's stock. The impact on the stock price is usually minimal unless the transaction is very large or part of a broader trend.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, although the impact is likely to be minimal given the relatively small number of shares sold.
Key Dates
| Date | Description |
|---|---|
| 04/04/2024 | Date of transaction: Spencer Lake sold 5,000 shares of nCino stock. |
| 04/08/2024 | Date of signature on the Form 4 filing. |
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