Form 4: nCino Executive April Rieger Reports Stock Transactions

April Rieger, Chief Legal & Compliance Officer and Secretary of nCino, Inc., reports the exercise of stock options and subsequent sale of shares on March 28, 2024.

Summary

• On March 28, 2024, April Rieger, Chief Legal & Compliance Officer and Secretary of nCino, Inc., exercised stock options to acquire 7,855 shares of common stock at a price of $14.71 per share.
• Simultaneously, Rieger sold 27,513 shares of common stock at a weighted average price of $36.0906 per share, with individual sales ranging from $35.881 to $36.365.
• Following these transactions, Rieger directly owns 128,075 shares of nCino common stock.
• Rieger also continues to hold options to purchase 7,855 shares of common stock at an exercise price of $14.71, which are currently exercisable and expire on September 18, 2028.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the trading activities of company executives. It's common for executives to exercise stock options and sell shares for personal financial management.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
• The reported transactions are typical for executives who receive stock options as part of their compensation packages.
• Similar filings can be observed for executives at comparable companies like Salesforce, Veeva Systems, and Guidewire Software.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
• The filing provides transparency to stakeholders regarding executive compensation and stock ownership.

Key Dates