Form 4: nCino Executive Joshua Glover Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Joshua Glover, President & Chief Revenue Officer of nCino, Inc., sold 1,876 shares of common stock to cover tax withholding obligations related to vesting RSUs.
Summary
- On April 8, 2024, Joshua L. Glover, President & Chief Revenue Officer of nCino, Inc., sold 1,876 shares of common stock.
- The shares were sold at a price of $34.413 per share.
- The sale was executed to cover tax withholding obligations due upon the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Glover directly owns 362,656 shares of nCino, Inc.
- The sale was not a discretionary trade but was mandated by the Issuer's equity incentive plans to satisfy tax withholding obligations.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sale of shares to cover taxes) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among company executives and employees.
Key Dates
| Date | Description |
|---|---|
| 04/08/2024 | Date of stock sale transaction |
| 04/10/2024 | Date of signature on the Form 4 filing |
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