Form 4: nCino Executive April Rieger Reports Stock Transactions
SEC Form 4 Filing
April Rieger, Chief Legal & Compliance Officer and Secretary of nCino, Inc., reports acquisition and disposal of nCino stock and restricted stock units.
Summary
- On May 1, 2025, April Rieger acquired 112,068 shares of nCino common stock through the vesting of restricted stock units (RSUs).
- These RSUs vest in sixteen equal quarterly installments starting on August 1, 2025, contingent upon continued employment.
- On May 2, 2025, Rieger sold 6,589 shares of common stock at a price of $23.004 per share.
- The sale was to cover tax withholding obligations due upon the vesting of the RSUs.
- Following these transactions, Rieger beneficially owns 243,551 shares of nCino common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The vesting of RSUs will continue in sixteen equal quarterly installments starting on August 1, 2025, subject to continued employment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency to investors regarding the trading activities of company executives.
Stakeholder Impact
- Shareholders are informed about the stock transactions of a key executive, providing transparency into insider activity.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Acquisition of 112,068 shares through RSU vesting |
| 05/02/2025 | Sale of 6,589 shares at $23.004 per share for tax withholding |
| 05/05/2025 | Date of signature for the Form 4 filing |
| 08/01/2025 | Start date for quarterly vesting of RSUs |
Keywords
nCino, April Rieger, Form 4, Stock Transaction, Restricted Stock Units, RSU Vesting, Tax Withholding, Beneficial Ownership
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