Form 4: nCino Director William J. Ruh Sells 20,000 Shares Under 10b5-1 Plan
SEC Form 4 Filing
Director William J. Ruh sold 20,000 shares of nCino, Inc. common stock at $40 per share on November 6, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- William J. Ruh, a director of nCino, Inc., sold 20,000 shares of common stock on November 6, 2024.
- The sale was executed at a price of $40 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on January 16, 2024.
- Following the transaction, Ruh directly owns 29,540 shares and indirectly owns 206,201 shares through the William J. Ruh Trust, U/T/A, for which he is the sole trustee.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by company insiders are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 plan suggests the insider planned the transaction in advance to avoid accusations of trading on inside information.
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 |
|---|---|
| January 16, 2024 | Date the reporting person adopted a Rule 10b5-1 trading plan |
| November 06, 2024 | Date of the transaction (stock sale) |
| November 08, 2024 | Date of the signature on the Form 4 filing |
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