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

April Rieger, Chief Legal & Compliance Officer and Secretary of nCino, Inc., sold 7,881 shares of common stock on April 2, 2025, to cover tax withholding obligations related to vesting RSUs.

Summary

• On April 2, 2025, April Rieger, the Chief Legal & Compliance Officer and Secretary of nCino, Inc., sold 7,881 shares of the company's common stock.
• The sale was executed at a price of $20.863 per share.
• This transaction was conducted to cover tax withholding obligations arising from the vesting of Restricted Stock Units (RSUs).
• Following the transaction, Rieger directly owns 138,072 shares of nCino common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes) and doesn't contain information that would significantly sway investor sentiment positively or negatively.

Industry Context

Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among corporate executives. This transaction reflects a standard procedure for managing equity compensation and tax liabilities.

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 reason for the sale (tax obligations).

Key Dates

Keywords

nCino, April Rieger, Form 4, SEC, Share Sale, Tax Withholding, RSUs, NCNO, Executive Compensation, Equity Incentive Plans