Form 4: nCino Executive April Rieger Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
April Rieger, Chief Legal & Compliance Officer and Secretary of nCino, Inc., sold 8,856 shares of common stock at $31.23 per share on July 15, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On July 15, 2024, April Rieger, the Chief Legal & Compliance Officer and Secretary of nCino, Inc., sold 8,856 shares of nCino's common stock.
- The sale was executed at a price of $31.23 per share.
- This transaction was conducted under a Rule 10b5-1 trading plan adopted on April 12, 2024.
- Following the transaction, April Rieger directly owns 165,791 shares of nCino common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by company executives are a normal part of corporate governance. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on insider information at the time of the transaction.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 trading plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 04/12/2024 | Date the reporting person adopted a Rule 10b5-1 trading plan |
| 07/15/2024 | Date of the transaction (stock sale) |
| 07/17/2024 | Date of the Form 4 filing |
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