Form 4: nCino Director William J. Ruh Sells 10,000 Shares
SEC Form 4 Filing
Director William J. Ruh sold 10,000 shares of nCino, Inc. on August 23, 2024, at a price of $35 per share.
Summary
- On August 23, 2024, William J. Ruh, a director of nCino, Inc., sold 10,000 shares of common stock at $35 per share.
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on January 16, 2024.
- Following the transaction, Ruh directly owns 29,540 shares and indirectly owns 236,201 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 related to an insider stock sale, which is neither inherently positive nor negative.
Industry Context
This is a routine disclosure of an insider stock sale. It's common for executives and directors to have pre-arranged trading plans to sell shares over time.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 01/16/2024 | Date the Rule 10b5-1 trading plan was adopted. |
| 08/23/2024 | Date of the stock sale transaction. |
| 08/26/2024 | Date of the Form 4 filing. |
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