Form 4: nCino Executive April Rieger Sells Shares to Cover Tax Obligations

April Rieger, Chief Legal and Compliance Officer of nCino, Inc., sold shares of common stock to cover tax withholding obligations related to vesting RSUs.

Summary

• On May 2, 2024, April Rieger, the Chief Legal and Compliance Officer and Secretary of nCino, Inc., sold 3,267 shares of common stock at a price of $30.632 per share.
• Following this transaction, Rieger directly owns 178,312 shares of nCino common stock.
• On May 3, 2024, April Rieger sold 3,388 shares of common stock at a price of $30.202 per share.
• Following this transaction, Rieger directly owns 174,924 shares of nCino common stock.
• The sales were executed to cover tax withholding obligations arising from the vesting of Restricted Stock Units (RSUs).

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (sale of shares to cover taxes) and doesn't convey any particularly positive or negative sentiment about the company's prospects.

Industry Context

Executive share sales to cover tax obligations are a common practice and generally don't indicate a negative outlook for the company.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the stated reason for the sale.

Key Dates