Form 4: nCino Director William J. Ruh Reports Stock Transactions
SEC Form 4 Filing
Director William J. Ruh reports acquisition of restricted stock units and disposition of common stock in nCino, Inc.
Summary
- William J. Ruh, a director of nCino, Inc., reported transactions involving the company's stock.
- On June 20, 2024, Ruh acquired 5,874 restricted stock units (RSUs) that vest on the earlier of June 20, 2025, or the date of the next annual meeting, contingent upon continued service.
- These RSUs also vest fully upon a change in control of nCino.
- On the same date, Ruh disposed of 29,540 shares of common stock.
- Following these transactions, Ruh directly owns 0 shares and indirectly owns 246,201 shares through the William J. Ruh Trust, for which he serves as the sole trustee.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common practice for publicly traded companies.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 06/20/2024 | Date of stock acquisition and disposition. |
| 06/20/2025 | Vesting date for restricted stock units (or earlier if next annual meeting). |
| 06/24/2024 | Date of signature on the Form 4 filing. |
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