Form 4: nCino Director William R. Spruill Reports Acquisition of Restricted Stock Units

Director William R. Spruill reports acquisition of 5,874 restricted stock units in nCino, Inc.

Summary

• On June 20, 2024, William R. Spruill, a director of nCino, Inc., acquired 5,874 restricted stock units (RSUs).
• These RSUs vest fully on the earlier of June 20, 2025, or the date of the next annual meeting of nCino's stockholders, contingent upon continued service.
• The RSUs also vest fully upon a change in control of nCino.
• Following the transaction, Spruill directly owns 21,991 shares of nCino common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, reflecting a routine transaction. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The vesting of the RSUs is contingent upon continued service or a change in control, indicating a vested interest in the company's long-term performance.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of RSUs by a director aligns the director's interests with those of the shareholders.
• The vesting conditions incentivize continued service and commitment to the company's success.

Key Dates